Is Rutherford County, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Rutherford County has remained a Seller's Market.
Housing Prices in Rutherford County, TN
How much do homes in Rutherford County, TN cost?
Median Sold Price
$411,929
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Rutherford County was $411,929 in March 2024, up 0.7% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $152.4K | $147.4K | -3.3% |
2 Bedrooms | $274.2K | $279.8K | +2.1% |
3 Bedrooms | $374.9K | $375.1K | 0.0% |
4 Bedrooms | $521.2K | $508.1K | -2.5% |
5+ Bedrooms | $600K | $599.9K | 0% |
Summary: Rutherford County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.3%, 2 bedroom homes increased by 2.1%, 3 bedroom homes did not change, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
Cannon County | $285K | $308K | +8.1% |
Wilson County | $452.9K | $468.7K | +3.5% |
Bedford County | $304.9K | $312.2K | +2.4% |
Williamson County | $836.3K | $846.3K | +1.2% |
Rutherford County | $409K | $411.9K | +0.7% |
Housing Supply in Rutherford County, TN
How many homes are available in Rutherford County, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1,474 | 1,452 | -1.5% |
Summary: The Rutherford County real estate market had 1,452 homes for sale in March 2024, a 1.5% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 133 | 142 | +6.8% |
3 Bedrooms | 667 | 665 | -0.3% |
4 Bedrooms | 554 | 529 | -4.5% |
5+ Bedrooms | 118 | 113 | -4.2% |
Summary: The Rutherford County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 6.8%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes decreased by 4.2%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
334 | 343 | +2.7% |
Asking Price vs. Sold Price
126 Homes Were Sold
Under Asking
152 Homes Were Sold
At Asking
55 Homes Were Sold
Over Asking
Summary: A total of 343 homes were sold or pending in Rutherford County in March 2024, up by 2.7% month-over-month. Of the 333 sold homes, 38% were sold under asking, 46% were sold at asking, and 17% were sold over asking.
Days on Market for Rutherford County, TN
How long does it take to sell a home in Rutherford County, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
41 Days | 31 Days | -24.5% |
Summary: Homes in Rutherford County had an average of 31 days on market in Mar 2024, down by 24.5% compared to last year.
Breakdown of Home Sale Times
234 Homes Were Sold
Under 30 Days
75 Homes Were Sold
In 30 - 90 Days
33 Homes Were Sold
Over 90 Days
Summary: During March 2024, 343 homes were sold in Rutherford County; 68% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.