August 3, 2025 Rutherford County Real Estate Market Update

August 3, 2025 Rutherford County Real Estate Market Update

By John Turner | Turner Victory Team at Onward Real Estate

If you’re keeping an eye on the real estate market in Rutherford County — whether you're buying, selling, or advising others — this week’s market activity tells an interesting story.

Let’s take a look at what’s happening in our local market and how that might impact your next move.

📉 Inventory is Tightening Again

This week, there are 1,537 homes available on the market — a 2.5% drop from last week’s 1,576. While that’s still over 35% more than this time last year, it’s a reminder that active listings can swing quickly and buyers still need to be decisive.

📝 Pending Sales Softened Slightly

We saw 116 homes go under contract this week, down from 121 last week and notably below the 134 pendings we had this same week last year. We expected to see a mid-summer bump, but it didn’t show up — at least not yet.

🏁 Closings Steady, Year-over-Year

July closings came in at 516 homes sold, exactly the same number as July 2024. This is a modest increase from June’s 477 closings, and it’s a good sign of consistent buyer activity.

📊 Supply by Price Range

• Under $400K: Less than 3 months of supply

• $400K–$600K: A bit over 3 months

• $700K–$900K: Recovered from previous saturation — now looking very healthy

• Over $900K: A big comeback from nearly 2 years of inventory a few months ago

💸 Price Cuts & Price Trends

Across Rutherford County, about 37% of homes have had a price reduction, and in Murfreesboro, the average price per square foot is now $212, down slightly from earlier this year, but still up from $134 in early 2020.

That’s nearly a 58% increase in just five years — a powerful data point for both current owners and future buyers.

💰 Mortgage Rates May Drop Soon

Here’s where it gets really interesting: the 10-Year Treasury yield dropped sharply on Friday, going from 4.4% to around 4.21% in just one day.

Why does this matter?

Because mortgage rates tend to follow the 10-Year Treasury. If you’re thinking about buying or refinancing, now may be the time to reach out to your lender. This rate shift could translate to real savings on your monthly payment.

🏙️ National Spotlight: Nashville Ranked “Slowest Market”?

Realtor.com released a report ranking Nashville as the “slowest real estate market” in the country. That claim is based on a jump in median days on market — from 30 to 52.

But locally in Rutherford County, we’re not seeing the same dramatic slowdown. This is a reminder to always look at the hyperlocal data, not just the headlines.

👋 Final Thoughts from John Turner

The market is moving — but it’s not in freefall. It's shifting. And that’s when strategic decisions matter most.

If you're thinking about making a move in Middle Tennessee, let’s talk. Whether you're buying your first home or selling your current one, we're here to help you make smart moves with confidence.

📞 Contact Us

John & Tracy Turner
📱 Call/Text: 615.586.0900
📧 Email: John@TurnerVictory.com
🌐 Visit TurnerVictory.com
🏢 Onward Real Estate | Murfreesboro, TN

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