The Rutherford County housing market continued to show signs of increased activity in February, with both pending contracts and closed sales rising compared to the same time last year. Lower mortgage rates and seasonal market momentum appear to be driving early-year buyer demand. Read on for our in-depth look at the most current local market data.



Pending Sales & Closings Increase

Contracts written in February were 16% higher than February of last year, continuing a trend that began in January when pending sales also saw a significant year-over-year increase.

That rise in buyer activity translated into more completed transactions as well. Closed sales in February were up 12.5% compared to last February, indicating that increased contract activity from previous months is beginning to carry through to final closings.

Inventory Growth

Despite stronger sales activity, days on market rose slightly, largely due to an increase in available inventory. Rutherford County currently has approximately 1,306 homes on the market, compared to about 1,140 homes at the same time last year.

As more sellers bring homes to market—especially with the spring selling season approaching—buyers are seeing more options and taking a bit more time to make decisions.

Mortgage Rates Supporting Demand

Mortgage rates have also helped stimulate buyer activity. Conventional mortgage rates are currently hovering around 6%, with some recent movement into the high 5% range, while FHA loans are available around 5.75%. These are among the lowest rates seen in the past three years, which has helped bring more buyers back into the market.

Market Balance

Overall, Rutherford County currently sits at just over a three-month supply of homes, which is considered a balanced market. In most price ranges and locations, conditions slightly favor buyers, offering opportunities for negotiation while still maintaining healthy demand.

Pricing Trends

Pricing trends are mixed. The average sales price increased by approximately $12,000 year-over-year, indicating continued overall value growth. However, the median price per square foot declined about 4%, from $221 to $212, suggesting some pricing adjustments as inventory expands.

Looking Ahead

With buyer activity increasing during the first two months of the year and the spring market approaching, the coming months will provide a clearer picture of whether this momentum continues. If mortgage rates remain favorable and inventory continues to grow, Rutherford County could see a healthy and balanced housing market through the remainder of 2026.

If you’re thinking about buying, selling, or simply planning ahead for later in 2026 or beyond, we’d love to help guide you through it. Now is the perfect time to take a look at your current equity and see where you stand. If you’d like a personalized Home Equity Analysis or help navigating options, our team is here to assist. Call us at 615-867-3020. It would be our pleasure to serve you.