Is Rutherford County, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$414,665
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Rutherford County was $414,665 in April 2024, up 1.7% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $150K | $212.2K | +41.5% |
2 Bedrooms | $273.9K | $280K | +2.2% |
3 Bedrooms | $374.7K | $377.1K | +0.6% |
4 Bedrooms | $518.7K | $515K | -0.7% |
5+ Bedrooms | $599.9K | $605.9K | +1.0% |
Summary: Rutherford County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 41.5%, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 0.6%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes increased by 1%.
Median Sold Price Compared To Nearby Counties
Cannon County | $290K | $310K | +6.9% |
Wilson County | $450.3K | $472.7K | +5.0% |
Bedford County | $305K | $315.1K | +3.3% |
Williamson County | $828K | $850.8K | +2.8% |
Rutherford County | $407.6K | $414.6K | +1.7% |
Housing Supply in Rutherford County, TN
How many homes are available in Rutherford County, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,549 | 1,592 | +2.8% |
Summary: The Rutherford County real estate market had 1,592 homes for sale in April 2024, a 2.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 147 | 156 | +6.1% |
3 Bedrooms | 710 | 738 | +3.9% |
4 Bedrooms | 564 | 566 | 0.4% |
5+ Bedrooms | 125 | 128 | +2.4% |
Summary: The Rutherford County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes increased by 2.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
380 | 381 | 0.3% |
Asking Price vs. Sold Price
149 Homes Were Sold
Under Asking
158 Homes Were Sold
At Asking
62 Homes Were Sold
Over Asking
Summary: A total of 381 homes were sold or pending in Rutherford County in April 2024, up by 0.3% month-over-month. Of the 369 sold homes, 40% were sold under asking, 43% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
35 Days | 26 Days | -25.8% |
Summary: Homes in Rutherford County had an average of 26 days on market in Apr 2024, down by 25.8% compared to last year.
Breakdown of Home Sale Times
279 Homes Were Sold
Under 30 Days
68 Homes Were Sold
In 30 - 90 Days
32 Homes Were Sold
Over 90 Days
Summary: During April 2024, 381 homes were sold in Rutherford County; 73% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.