Is Rutherford County, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$416,795
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Rutherford County was $416,795 in May 2024, up 2.9% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $143K | $212.2K | +48.4% |
2 Bedrooms | $274.9K | $280.5K | +2.0% |
3 Bedrooms | $370.1K | $379.9K | +2.7% |
4 Bedrooms | $515.6K | $511K | -0.9% |
5+ Bedrooms | $599.9K | $599.9K | 0.0% |
Summary: Rutherford County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 48.4%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 2.7%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
Cannon County | $292.5K | $315K | +7.7% |
Wilson County | $448.5K | $478.2K | +6.6% |
Bedford County | $302.8K | $315.2K | +4.1% |
Williamson County | $829.1K | $857.1K | +3.4% |
Rutherford County | $405.1K | $416.7K | +2.9% |
Housing Supply in Rutherford County, TN
How many homes are available in Rutherford County, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1,690 | 1,748 | +3.4% |
Summary: The Rutherford County real estate market had 1,748 homes for sale in May 2024, a 3.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 5 | +66.7% |
2 Bedrooms | 170 | 161 | -5.3% |
3 Bedrooms | 785 | 820 | +4.5% |
4 Bedrooms | 590 | 615 | +4.2% |
5+ Bedrooms | 142 | 147 | +3.5% |
Summary: The Rutherford County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes decreased by 5.3%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 3.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
401 | 457 | +14.0% |
Asking Price vs. Sold Price
159 Homes Were Sold
Under Asking
201 Homes Were Sold
At Asking
80 Homes Were Sold
Over Asking
Summary: A total of 457 homes were sold or pending in Rutherford County in May 2024, up by 14.0% month-over-month. Of the 440 sold homes, 36% were sold under asking, 46% were sold at asking, and 18% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
32 Days | 22 Days | -32.8% |
Summary: Homes in Rutherford County had an average of 22 days on market in May 2024, down by 32.8% compared to last year.
Breakdown of Home Sale Times
339 Homes Were Sold
Under 30 Days
94 Homes Were Sold
In 30 - 90 Days
22 Homes Were Sold
Over 90 Days
Summary: During May 2024, 457 homes were sold in Rutherford County; 74% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.