The Murfreesboro Real Estate Market Is Waking Up | March 2026 Report
The Murfreesboro Real Estate Market Is Waking Up
The Murfreesboro real estate market is picking up speed heading into spring 2026, and this week’s numbers prove it. Pending home sales hit their highest single-week count in years, new listings are coming in below last year’s pace, and the federal government just confirmed that home prices held nearly flat for all of 2025. Add a 30-year mortgage rate sitting near 6% and you have a Murfreesboro real estate market that is moving buyers off the sidelines and rewarding sellers who price their homes correctly.
Every Sunday, John Turner of the Turner Victory Team at Onward Real Estate breaks down the Murfreesboro real estate market so you have the real numbers — not guesses, not national headlines — to make a clear and confident decision. Here is everything from this week’s report.
What Is the Rutherford County Market Health Score for March 2026?
The Murfreesboro real estate market health score for Rutherford County sits at 55 out of 100 this week. A score of 50 represents a perfectly balanced market. At 55, we are balanced but beginning to tilt slightly in favor of sellers. Month supply is at 3.34 months, which is right in the range of what a normal, healthy market looks like. Inventory has ticked up about 6% over the past four weeks, but as you will see below, pending sales are rising even faster — which is the key dynamic to watch right now in the Murfreesboro real estate market.
What Happened in the Rutherford County Real Estate Market This Week?
Here is a full snapshot of what the Murfreesboro real estate market did during the first full week of March 2026:
| Metric | This Week | Context |
|---|---|---|
| Active Listings | 1,359 | Inventory up ~6% over 4 weeks |
| New Listings | 181 | Below 194 (2024) and 219 (2025) |
| Pending (Under Contract) | 165 | Highest single week in years |
| Closed Sales | 82 | Strong for first full week of March |
| Delisted (Pulled Off Market) | 113 | Net inventory gain smaller than it looks |
| Month Supply | 3.34 | Balanced — normal market range |
| 10-Year Treasury | 4.13% | Spread tightening vs. prior years |
| 30-Year Mortgage Rate | ~6.00% | Down from 6.63% one year ago |
Why Are 165 Pending Sales in One Week Such a Big Deal for the Murfreesboro Real Estate Market?
Context is everything with this number. When you compare 165 pendings this week to the same week in prior years — around 115 in both 2024 and 2022, and 131 in 2023 — the magnitude becomes clear. In fact, only one single week in all of 2023 came close to matching what we saw this week in the Murfreesboro real estate market. Every week this year, except for the week of the major ice storm, we have pended more homes than the same week in either 2024 or 2025. As we covered in our post on how the Murfreesboro real estate market has been gaining momentum all year, this is not a one-week fluke — it is a trend that has been building.
There is also something important happening at specific price points. In the sub-$200K range, 13.4% of all active listings went under contract in a single week. In the $300,000s, 18% of active listings pended this week. Double-digit weekly pending rates across price brackets are something the Murfreesboro real estate market has not seen in quite a while. When you factor in that 113 homes were also pulled off the market — reducing the available pool — net inventory is growing much more slowly than the total active count suggests. If you want to understand what this kind of demand imbalance means for buyers, see our post on what happens when more buyers are under contract than new homes hit the market in Murfreesboro.
Are New Listings in the Murfreesboro Real Estate Market Keeping Up with Demand?
The short answer is no — and that matters. This week’s 181 new listings sounds healthy on its own. But when you stack it against 194 new listings the same week in 2024, and 219 the same week in 2025, the trend becomes clear. The Murfreesboro real estate market has been running below last year’s new listing pace for the past five or six weeks consistently. The one exception was a brief spike in early 2026, but we have returned below 2025 levels since.
This creates a real tension: inventory is not growing fast enough to absorb the surge in buyer demand we are seeing. If you are actively looking to buy a home under $300,000 in Murfreesboro, that window of lower competition may be narrower than it appears right now.
Thinking About Buying or Selling in Rutherford County?
We track the Murfreesboro real estate market every single week. Reach out and we will show you exactly what the market looks like for your price range and neighborhood — no pressure, just clarity.
Talk to UsWhat Did the Murfreesboro Real Estate Market Do in February 2026?
February 2026 was a strong month across the board. Here is the full breakdown compared to February 2025:
| Metric | Feb 2026 | Feb 2025 | Change |
|---|---|---|---|
| Closed Sales | 376 | 334 | +12.5% |
| Homes Under Contract | — | — | +15% YoY |
| New Listings | — | — | -7% YoY |
| Average Sales Price | $482,000 | $470,000 | +$12,000 |
| Median Sales Price | $420,000 | $420,000 | Flat |
| Avg Price Per Sq Ft | $220 | $227 | -$7 |
| List-to-Sale Ratio | 97% | — | Of original list price |
The gap between the average and median sales price tells an important story about the Murfreesboro real estate market. The average jumped because more higher-priced homes transacted. But the median — which reflects the true middle of the market — held exactly flat at $420,000. The 97% list-to-sale ratio is based on original list price and does not account for seller concessions on closing costs, rate buydowns, or other incentives, which means buyers are frequently doing even better than that number suggests.
What Is the Relist Rate in the Murfreesboro Real Estate Market Right Now?
The relist rate tracks homes that were listed, did not sell, were pulled off the market, and relisted again. This is one of the clearest signals of overpricing in any market. We covered this pattern in detail in our post on why one in three Murfreesboro home sellers has to cut their price. Right now in Rutherford County:
$700,000 Price Range
38% of all active listings in this bracket have been listed before. More than one in three homes at this price point has already tried and failed to sell. The data points to overpricing as the most common cause.
$300,000 Price Range
24% of active listings have been listed before — one in four. Even in the most active price range in the Murfreesboro real estate market, nearly a quarter of all homes are relisted inventory. Pricing matters at every level.
What Are the Most Active Zip Codes in the Murfreesboro Real Estate Market Right Now?
The three zip codes driving the most activity in the Murfreesboro real estate market heading into March 2026 are:
If you are searching for homes in any of these zip codes, well-priced homes are not sitting. Reach out to the Turner Victory Team at 615-586-0900 and we will walk you through what is available and what is moving right now.
What Did the FHFA Report Say About Home Prices in the Murfreesboro Real Estate Market?
The Federal Housing Finance Agency just released their fourth quarter 2025 appreciation data. This covers October through December 2025 — a few months behind today, but the full-year picture is still very valuable for understanding where the Murfreesboro real estate market stands:
Q4 2025 appreciation: +0.34% — essentially flat for the quarter.
Full year 2025 appreciation: +0.10% — flat for the entire year.
For context, Rutherford County has averaged 5.7% appreciation per year over the past 25 years. A flat year is historically unusual — but in this case, it is not bad news. It is a reset that is making the Murfreesboro real estate market more accessible.
After home prices jumped 21% in 2021, many analysts predicted a sharp correction of five to ten percent. That correction never came. Prices held. If you bought during the COVID years, your equity has been preserved. If you are looking to buy now, you are not walking into an overheated Murfreesboro real estate market chasing prices that are still accelerating.
Flat appreciation, combined with lower mortgage rates and more motivated sellers offering concessions, means buyers today have more real purchasing power than they did a year ago — even if the listed price on the home looks similar. For a deeper look at what this means for your buying timeline, see our post on whether to buy a home now or wait for mortgage rates to drop.
Where Are Mortgage Rates Heading in the Murfreesboro Real Estate Market for 2026?
The 30-year fixed rate is sitting right at 6.00% this week — the first time it has dipped below 6% in quite some time, though it moved back up slightly as the week progressed. According to Freddie Mac’s Primary Mortgage Market Survey, this puts rates nearly three quarters of a percent below this time last year. Compare that to 6.63% at this same point in 2025, and the difference on a typical Rutherford County home purchase is hundreds of dollars per month in savings.
Factors That Could Push Rates Up
Ongoing uncertainty in the Middle East has pushed gas prices higher. A jobs report this week showed a loss of 92,000 jobs, which creates some short-term inflation concern. Brief upward pressure on rates is possible.
The Longer-Term Picture
Geopolitical events tend to be temporary. The underlying trend in the Murfreesboro real estate market has been moving in the right direction. We are already nearly three quarters of a percent below this time last year and affordability continues to improve.
Is Now a Good Time to Buy a Home in Murfreesboro TN?
Based on what the Murfreesboro real estate market is showing right now, yes — and here is the specific case. Home prices in Rutherford County were flat for all of 2025. Mortgage rates are nearly three quarters of a percent lower than this time last year. Motivated sellers are offering concessions on closing costs, rate buydowns, and more. Your real purchasing power has improved even without a dramatic price drop.
At the same time, 165 homes went under contract in a single week and inventory is not keeping pace with that demand. The buyers who are acting now are moving before the spring inventory surge creates more competition. The Murfreesboro real estate market is rewarding buyers who are ready to move — especially under $300,000 where supply is tightest.
Is Now a Good Time to Sell a Home in Murfreesboro TN?
If your home is priced correctly, the Murfreesboro real estate market is moving for you. 18% of all active listings in the $300,000 range went under contract in a single week. Buyers are showing up. The critical factor is price. The relist data makes clear the market is not forgiving of overpricing — 38% of homes in the $700K range are already relisted inventory. As we have tracked all year in the Murfreesboro real estate market buyer demand report, correctly priced homes in show-ready condition are not sitting right now.
Frequently Asked Questions — Murfreesboro Real Estate Market March 2026
Ready to Make a Move in the Murfreesboro Real Estate Market?
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