The Future of Murfreesboro Home Prices

If you’ve been wondering whether Murfreesboro home prices are going up, down, or holding steady, you’re not alone. Buyers, sellers, and even local agents are all asking the same question: where is the Rutherford County real estate market headed next?

At the Turner Victory Team, we study the numbers every single week so our clients can make decisions with confidence. This week’s data offers important insights—not just into the short-term housing trends, but also the bigger picture of appreciation in Middle Tennessee.

Weekly Market Snapshot (as of August 24)

• 1,532 active homes on the market (steady for 7+ weeks)

• New listings down for two weeks in a row

• 129 homes pending this week — a 21% increase year-over-year

• 101 homes closed this week; 1,423 homes sold in the past 90 days

• Average months of supply: 3.23 (well below the 6-month “balanced” mark)

• Four price ranges under 3 months of inventory — strong seller’s market

By definition, Rutherford County is still in a seller’s market, even though many people feel like the pace has slowed. Why? Buyers today are doing more online research—studying floor plans, virtual tours, and walkthrough videos—before ever setting foot inside a home. That means fewer showings, but the same number of serious buyers.

What About Interest Rates?

The Federal Reserve recently signaled its readiness to cut rates, but it’s important to remember: Fed rate cuts don’t equal mortgage rate cuts. Instead, mortgage rates tend to follow the 10-Year Treasury bond, which already reacted to the Fed’s announcement.

Right now, most buyers can expect rates to hover in the mid-6% range for the coming months. While not the record lows of the COVID years, these rates are historically competitive—and waiting for 3% rates to return is unrealistic.

Long-Term Appreciation in Middle Tennessee

To really understand where home prices are headed, it helps to zoom out. Looking back over the last 25 years, Rutherford County and the greater Nashville MSA have seen average annual appreciation of around 4–5%.

For example:

• A home in Murfreesboro’s Evergreen Farms sold for $96,400 in 2000.

• That same home just sold for $359,000 in 2025.

• Based on historic 4.2% appreciation, it “should” be worth closer to $269,000 today.

In other words, the COVID years pushed home values far ahead of schedule—roughly to 2031 prices, 6–7 years early.

So, Where Are Murfreesboro Prices Going?

Looking ahead, there are three possibilities:

1. Sharp price drop back to historical levels (unlikely)

2. Flat pricing with very little appreciation (more likely)

3. Modest leveling with average appreciation closer to 5% (the most realistic outcome)

We don’t see a market crash on the horizon. Instead, the most likely scenario is slight adjustments and leveling, which will give wages time to catch up and restore affordability. Inventory will continue to play a big role—especially if builders slow down production while demand remains strong.

What This Means for You

• Buyers: Don’t sit on the sidelines waiting for a crash. Focus on finding the right home and a financing plan that works.

• Sellers: Even though the market feels different than in 2021, you are still in a seller’s market. Proper pricing and strong marketing remain key.

• Investors: The long-term outlook for Rutherford County real estate remains one of the strongest in Tennessee.

Final Thoughts

Real estate markets run in cycles. The past few years pushed us ahead of schedule, and now the market is working to balance itself out. Whether you’re buying, selling, or just watching the market, the Turner Victory Team is here to provide clarity, data, and the guidance you need to make the best decisions.

📩 Have questions about your home’s value or the best timing to buy or sell? Email John@TurnerVictory.com or call/text 615.586.0900.