$6,294 Closing Credit*
$530,000
2,425 SqFt
4 Beds
•2 Full Baths, 1 Partial
Kristina Patterson, Listing Office: Exit Realty Bob Lamb & Associates
Is Rutherford County, 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, 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.
Housing Prices in Rutherford County, TN
How much do homes in Rutherford County, TN cost?
Median Sold Price
$424,984
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,746(+5.1%)
Key Takeaway
Homes in Rutherford County have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in Rutherford County was $424,984 in October 2024, up 5.1% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $154.9K | $173K | +11.7% |
| 2 Bedrooms | $279.9K | $285K | +1.8% |
| 3 Bedrooms | $370K | $385K | +4.1% |
| 4 Bedrooms | $498.4K | $512.3K | +2.8% |
| 5+ Bedrooms | $579.7K | $585K | +0.9% |
Summary: Rutherford County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.7%, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 0.9%.
Median Sold Price Compared To Nearby Counties
| Williamson County | $828.5K | $898.8K | +8.5% |
| Wilson County | $450.7K | $475.3K | +5.5% |
| Rutherford County | $404.2K | $424.9K | +5.1% |
| Bedford County | $305K | $319.9K | +4.9% |
| Cannon County | $317.4K | $314K | -1.1% |
Housing Supply in Rutherford County, TN
How many homes are available in Rutherford County, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1,735 | 1,784 | +2.8% |
Summary: The Rutherford County real estate market had 1,784 homes for sale in October 2024, a 2.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 164 | 168 | +2.4% |
| 3 Bedrooms | 849 | 846 | -0.4% |
| 4 Bedrooms | 561 | 588 | +4.8% |
| 5+ Bedrooms | 157 | 178 | +13.4% |
Summary: The Rutherford County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 2.4%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 13.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 373 | 401 | +7.5% |
Asking Price vs. Sold Price
150 Homes Were Sold
Under Asking
158 Homes Were Sold
At Asking
68 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rutherford County, expect to pay close to the asking price. 42% of homes here sold near the asking price last month.
Summary: A total of 401 homes were sold or pending in Rutherford County in October 2024, up by 7.5% month-over-month. Of the 376 sold homes, 40% were sold under asking, 42% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 26 Days | -1.9% |
Summary: Homes in Rutherford County had an average of 26 days on market in Oct 2024, down by 1.9% compared to last year.
Breakdown of Home Sale Times
276 Homes Were Sold
Under 30 Days
100 Homes Were Sold
In 30 - 90 Days
25 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rutherford County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 401 homes were sold in Rutherford County; 69% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 6% 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.