How’s the Rutherford County Real Estate Market? (Week of July 14, 2025)

Welcome back to How’s the Market?, your go-to source for real estate trends, insights, and updates in Rutherford County and the greater Middle Tennessee area.

This week’s update is full of insight—whether you’re actively buying or selling, or just keeping an eye on the market. From inventory levels to mortgage rates, local buyer behavior to national housing deficits, here's what you need to know:

This Week in Rutherford County Real Estate

• Inventory is up: 1,517 homes are currently on the market—partially due to builders renewing listings that had expired in June.

• Pending Sales: 96 homes went under contract this week, and 78 homes closed.

• Month Supply: We’re sitting at a 3.15-month supply, still well below the 5–7 months needed for a truly balanced market.

• Market Type: Despite the “buyer market” feel, we're technically still in a seller’s market in all price ranges under $1 million.
  
  “This feels more like a normal market than anything we've seen since before COVID.” – John Turner

What’s Happening with Prices?

• Price Reductions are Surging:

  • 37% of homes in Rutherford County have had at least one price cut.

  • In Murfreesboro, that number climbs to 39%.

  • Smyrna follows at 33%.

More inventory means more competition for sellers—and more negotiating power for buyers.

National Perspective: Why Inventory Matters

According to a recent Zillow report, the U.S. is now 4.7 million homes short of meeting housing demand—a deficit that grew by 159,000 homes in 2023 alone.

Despite new construction across Rutherford County, national affordability issues and decades of underbuilding continue to impact local markets.

Mortgage Rates Update

• Average 30-year mortgage: 6.72% (up slightly from last week’s 6.67%)

• Compared to one year ago: Slightly lower

• What buyers are waiting for: Many expect a market shift when rates dip into the low 6% range.

Who’s Moving to Rutherford County?

Here’s a stat that may surprise you:
Only 52% of Rutherford County residents were born in Tennessee.
In Davidson County, it's under 45%. In Williamson County? Just 39%.

Middle Tennessee is growing fast—and welcoming newcomers from all over the country.

Real Clients, Real Results

We recently helped a client make a creative lateral move using a bridge loan that didn’t require her to qualify for both payments. She even paid off her car in the process using equity from her previous home. Whether you’re thinking about upsizing, downsizing, or relocating, there are strategic solutions we can help you explore.

So, Is Now a Good Time to Buy or Sell?

Honestly? It depends on you.

We don’t believe in one-size-fits-all advice. At the Turner Victory Team, our goal is to sit down with you, understand your goals, and create a plan that fits your life—whether that means jumping in now or waiting for the right moment.

If you’d like the full set of charts mentioned in this update—or if you’re curious what this means for your neighborhood or price range—email me at john@turnervictory.com and I’ll send you everything you need.

Until next time,
John Turner
Team Leader, Turner Victory Team
Serving Rutherford County and all of Middle Tennessee
📍 TurnerVictory.com

Watch the full market update: