$10,000 Closing Credit*
$1,200,000
3,120 SqFt
5 Beds
•4 Full Baths, 1 Partial
Holly Orr, Listing Office: Zach Taylor Real Estate
Is Murfreesboro, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Murfreesboro has remained a Seller's Market.
Key Takeaway
Murfreesboro is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Murfreesboro, TN
How much do homes in Murfreesboro, TN cost?
Median Sold Price
$426,804
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$14,411(+3.5%)
Key Takeaway
Homes in Murfreesboro have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in Murfreesboro was $426,804 in October 2024, up 3.5% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $154.9K | $158.5K | +2.3% |
| 2 Bedrooms | $280K | $284.9K | +1.8% |
| 3 Bedrooms | $376.3K | $392.5K | +4.3% |
| 4 Bedrooms | $499.9K | $523K | +4.6% |
| 5+ Bedrooms | $588.9K | $597.9K | +1.5% |
Summary: Murfreesboro housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.3%, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 1.5%.
Housing Supply in Murfreesboro, TN
How many homes are available in Murfreesboro, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1,078 | 1,099 | +1.9% |
Summary: The Murfreesboro real estate market had 1,099 homes for sale in October 2024, a 1.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 108 | 110 | +1.9% |
| 3 Bedrooms | 510 | 506 | -0.8% |
| 4 Bedrooms | 357 | 372 | +4.2% |
| 5+ Bedrooms | 100 | 107 | +7.0% |
Summary: The Murfreesboro housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 1.9%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 239 | 261 | +9.2% |
Asking Price vs. Sold Price
103 Homes Were Sold
Under Asking
100 Homes Were Sold
At Asking
40 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Murfreesboro, you may be able to get a good deal. 42.4% of homes here sold below asking price last month.
Summary: A total of 261 homes were sold or pending in Murfreesboro in October 2024, up by 9.2% month-over-month. Of the 243 sold homes, 42% were sold under asking, 41% were sold at asking, and 16% were sold over asking.
Days on Market for Murfreesboro, TN
How long does it take to sell a home in Murfreesboro, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 28 Days | +3.5% |
Summary: Homes in Murfreesboro had an average of 28 days on market in Oct 2024, up by 3.5% compared to last year.
Breakdown of Home Sale Times
174 Homes Were Sold
Under 30 Days
69 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Murfreesboro are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 261 homes were sold in Murfreesboro; 67% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms.