CHORD Nashville Team

Murfreesboro, TN

Single-Family Homes

info@CHORDrealestate.com 615.988.1001



Murfreesboro, TN

Thu Mar 28 2024
This week the median list price for Murfreesboro, TN is $547,900 with the market action index hovering around 48. This is an increase over last month's market action index of 46. Inventory has held steady at or around 345. Click here to stay informed with the Murfreesboro market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Murfreesboro, TN

Thu Mar 28 2024
This week the median list price for Murfreesboro, TN is $547,900 with the market action index hovering around 48. This is an increase over last month's market action index of 46. Inventory has held steady at or around 345. Click here to stay informed with the Murfreesboro market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Murfreesboro market.
Median List Price $547,900
Median Price of New Listings $519,900
Per Square Foot $227
Average Days on Market 74
Median Days on Market 42
Price Decreased 30%
Price Increased 8%
Relisted 21%
Inventory 345
Median Rent
Market Action 48
Strong Seller's Market

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$819,950 3,331 0.25 - 0.5 acre 4 3.5 1 9 11 52
$615,878 2,803 0.25 - 0.5 acre 4 3 2 20 17 49
$487,945 2,317 0.25 - 0.5 acre 3 2.5 7 17 16 35
$389,900 1,721 0.25 - 0.5 acre 3 2 18 17 23 35