June 23, 2025 Rutherford County Housing Market Update: What Buyers and Sellers Need to Know

The Rutherford County housing market continues to show mixed signals this summer — with important implications for both home buyers and sellers. In this week’s market update, John Turner of the Turner Victory Team at Onward Real Estate breaks down the latest trends across Murfreesboro and the surrounding areas.

Here’s what’s happening in the local market as of June 23, 2025:

Pending Home Sales: Weekly Gains, But Yearly Decline

There were 111 pending home sales in Rutherford County this past week — an increase from 96 pending sales the week before. While that’s a positive weekly trend, it’s down significantly from the 147 pending sales recorded during the same week in 2024.

Key Stat: Pending home sales are down roughly 25% year-over-year over the last two weeks.
This shift follows six strong weeks where sales were either equal to or ahead of last year’s pace.

Inventory Levels Remain High

Inventory remains steady week-over-week, but we’re still seeing a dramatic increase compared to last year. As of now, Rutherford County has about 35% more homes on the market than this time last year.

More homes for sale means more choices for buyers — and added pressure for sellers to price and present homes strategically.

Home Prices: Slight Depreciation Possible

According to recent housing reports, the Nashville MSA — which includes Rutherford County — experienced a modest 1.4% price increase in Q1 2025. However, Nashville ranked near the bottom of the top 15 metros that saw appreciation, and there are signs that home values could soften slightly in the coming months.

💬 "I believe we’ll see some light depreciation in the near future," said John Turner.
This isn’t expected to be a major drop — more of a continued market correction and leveling.

Closed Sales: Down 10% YTD

So far in 2025, there have been approximately 2,651 closed home sales in Rutherford County. That’s down from over 2,900 sales by this time last year — about a 10% year-to-date decrease.

Listing Activity: More Homes Hitting the Market

Sellers are still active — more than 3,000 homes have been listed so far this year in Rutherford County. That’s roughly 350–400 more listings than the same point in 2024, contributing to the current inventory surge.

Not All Homes Are Selling: The Shocking Murfreesboro Stat

One of the most surprising statistics in this week's update comes from Murfreesboro:
If you've listed your home for sale in 2025, there’s only a 46% chance it actually sold.

That means more than half of listed homes either expired or were withdrawn.

Takeaway for Sellers:
It’s more critical than ever to price your home correctly, prepare it well, and partner with an experienced Realtor who knows how to market it to today’s buyers.

Buyer Opportunity: More Concessions, Better Deals

Nationally, sellers are offering an average of 7% in concessions to help buyers with closing costs, rate buydowns, and repairs. This is great news for affordability, especially in a higher-interest-rate environment.

More options + more motivated sellers = buyer opportunity in Rutherford County.

Final Thoughts: Strategy Is Key in Today’s Market

Whether you're a buyer or seller, understanding the local data and working with a trusted professional can make or break your experience.

At the Turner Victory Team at Onward Real Estate, we use real-time stats and decades of market knowledge to guide our clients through every step of the buying and selling process.

Ready to Make a Move?

Reach out to John Turner or any member of the Turner Victory Team today.

📍 Serving Murfreesboro, Smyrna, La Vergne, and all of Rutherford County
🌐 TurnerVictory.com
📧 John@TurnerVictory.com
📱 615.586.0900 | ☎️ 615.234.5020