Is Rutherford County, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rutherford County is a seller's market

Buyer's
Market

Difference Since May 2021

Since last year, Rutherford County has remained a Seller's Market.

Key Takeaway

Rutherford County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Rutherford County, TN cost?

Median Sold Price

$378,969

$195/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2021

+$78,911(+26.3%)

Key Takeaway

Homes in Rutherford County have sold for 26.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2021May 2022%
1 $173K$125K
-27.7%
2 $197K$248.4K
+26.1%
3 $273.5K$347K
+26.9%
4 $372.3K$470.1K
+26.3%
5+ $425.1K$527.3K
+24.0%

Median Sold Price Compared To Nearby Counties

Cannon County
+30.5%
Williamson County
+29.2%
Rutherford County
+26.3%
Bedford County
+23.4%
Wilson County
+17.0%

How many homes are available in Rutherford County, TN?

Number of Homes For Sale

Apr 2022May 2022%
1,3401,305-2.6%

Homes For Sale By Bedroom Count

# BEDSApr 2022May 2022%
1 54
-20.0%
2 115113
-1.7%
3 728719
-1.2%
4 399378
-5.3%
5+ 9391
-2.2%

Number of Homes Sold

Apr 2022May 2022%
476449-5.7%

Asking Price vs. Sold Price

61 Homes Were Sold
Under Asking

112 Homes Were Sold
At Asking

263 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rutherford County, you could pay more than the asking price. 60.3% of homes here sold above asking price last month.

Average Sale Time

May 2021May 2022%
7 Days6 Days-11.3%

Breakdown of Home Sale Times

436 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Rutherford County are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Rutherford County, TN

Homes for sale in Rutherford County, TN have reached 1,305. The number of listings in Rutherford County, TN decreased by 2.6% between April 2022 and May 2022. While the average time on the market in May 2022 was 6 days, the median list price was $378,969. Real estate listing prices changed between April 2022 and May 2022: prices of 1 bedroom properties decreased by 27.7%, 2 bedrooms properties became 26.1% more expensive, prices of 3 bedrooms properties increased by 26.9%, the cost of 4 bedrooms properties went up by 26.3%, the cost of 5 bedrooms properties went up by 24%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes became 20% less available, number of 2 bedrooms homes decreased by 1.7%, number of 3 bedrooms homes decreased by 1.2%, 4 bedrooms homes became 5.3% less available, 5 bedrooms homes inventory decreased by 2.2%. While more than 263 listings in Rutherford County, TN in May 2022 were sold above asking price, there were more than 112 listings sold at asking price, and more than 61 were sold below.

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