Murfreesboro home sales are still slowing down due to the impact of high interest rates. The number of closings for March was down 14.9% compared to March of 2022 but the median price of homes sold was only down 2%.  The median days on market is up to 14 days compared to just 2 day last year. Buyers have a better chance to find something in this market but homes are still selling pretty quick.

• 348 Murfreesboro homes sold during the month of March compared to 400 last year
• 661 homes are currently pending sale most are new construction homes waiting to be finished
• 537 Murfreesboro homes are listed in the Nashville MLS as available for purchase
• the average size of homes sold during the month of March was 2226 square feet
• the list price to sale price ratio of homes sold was 99%
• The median price of Murfreesboro homes sold during the month was $414,950 compared to $424,696  last year a slight reduction of 2%
• The median price per square foot of homes sold was $204, compared to $199 last year

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Murfreesboro homes sales are slowing with the higher interest rates but prices still remain high.  It’s very promising for anyone looking to buy and not wanting to become involved in a bidding war.

• 368 homes sold during the month of July compared to 520 for the same month last year
• 551 homes are currently pending sale but many are new construction homes waiting to be finished
• 612 Murfreesboro homes are listed in the Nashville MLS as available for purchase
• the average size of homes sold during the month of July was 2160 square feet
• the list price to sale price ratio of homes sold was 100%
• the absorption rate is now 2 months
• The average price of Murfreesboro homes sold during the month was $470,567 compared to $373,972  last year an increase of 26%
• The average price per square foot of homes sold was $220, an increase of 26% year over year

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Murfreesboro homes are still in a hot sellers market with median days on market down to 2 days. The list price to sales price ratio is 101%.  Most homes have multiple offers the first day on market.

• 370 Murfreesboro homes sold during the month of February
• 676 homes are currently pending sale most are new construction homes waiting to be finished
• 134 Murfreesboro homes are listed in the Nashville MLS as available for purchase
• the average size of homes sold during the month of February was 2217  square feet
• the list price to sale price ratio of homes sold was 101%
• the absorption rate is currently less than one month
• The average price of Murfreesboro homes sold during the month was $446,889 compared to $331,649  last year an increase of 34%
• The average price per square foot of homes sold was $201, an increase of 29% year over year

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This all brick 3804 square feet home features 3 bedrooms on the main floor including the master bedroom, a florida room overlooking the beautiful private back yard, the massive bonus room and 4th bedroom upstairs and  a full unfinished basement with a 4 car garage. the private back yard sloping down to a creek that flows all year and the mature trees provide lots of shade in the summer.

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Murfreesboro homes are very popular and selling fast.  The average days on market is down to 6 days and the list price to sales price ratio is 102%. Most homes have multiple offers the first day on market.

• 425 Murfreesboro homes sold during the month of May compared to 422 for the same month of 2020
• 1203 homes are currently pending sale most are new construction homes waiting to be finished
• 126 Murfreesboro homes are listed in the Nashville MLS as available for purchase
• the average size of homes sold during the month of May was 2273 square feet
• the list price to sale price ratio of homes sold was 102%
• the absorption rate is currently less than 1 week
• The average price of Murfreesboro homes sold during the month was $374,567 compared to $304,910 last year an increase of 22.8%
• The average price per square foot of homes sold was $168, an increase of 17% year over year

Search for Murfreesboro homes for sale here. See the top Murfreesboro neighborhoods here