Is Murfreesboro, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Murfreesboro has remained a Seller's Market.
Housing Prices in Murfreesboro, TN
How much do homes in Murfreesboro, TN cost?
Median Sold Price
$419,944
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Murfreesboro was $419,944 in April 2024, up 1.5% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $131.5K | $162K | +23.2% |
2 Bedrooms | $279.9K | $280K | 0.0% |
3 Bedrooms | $380K | $385K | +1.3% |
4 Bedrooms | $519.9K | $521K | 0.2% |
5+ Bedrooms | $599K | $622.2K | +3.9% |
Summary: Murfreesboro housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.2%, 2 bedroom homes did not change, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes increased by 3.9%.
Housing Supply in Murfreesboro, TN
How many homes are available in Murfreesboro, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
979 | 1,012 | +3.4% |
Summary: The Murfreesboro real estate market had 1,012 homes for sale in April 2024, a 3.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 98 | 106 | +8.2% |
3 Bedrooms | 443 | 470 | +6.1% |
4 Bedrooms | 357 | 349 | -2.2% |
5+ Bedrooms | 79 | 84 | +6.3% |
Summary: The Murfreesboro housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 6.1%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes increased by 6.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
243 | 246 | +1.2% |
Asking Price vs. Sold Price
98 Homes Were Sold
Under Asking
98 Homes Were Sold
At Asking
38 Homes Were Sold
Over Asking
Summary: A total of 246 homes were sold or pending in Murfreesboro in April 2024, up by 1.2% month-over-month. Of the 234 sold homes, 42% were sold under asking, 42% were sold at asking, and 16% were sold over asking.
Days on Market for Murfreesboro, TN
How long does it take to sell a home in Murfreesboro, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
36 Days | 24 Days | -33.9% |
Summary: Homes in Murfreesboro had an average of 24 days on market in Apr 2024, down by 33.9% compared to last year.
Breakdown of Home Sale Times
186 Homes Were Sold
Under 30 Days
41 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Summary: During April 2024, 246 homes were sold in Murfreesboro; 76% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.