This morning on the Action Line we were joined by Real Estate Madman David Estes with Parks Realty. He talked about the increased cost of a home these days in our are, focusing on Murfreesboro and Smyrna.
Currently, it appears as if a lot of homes are selling at prices between $211 and $250 pr square foot, depending on lot size. Of course depending on how custom the homes may be, the per square foot cost could increase to $275 or more.
This will give you a better idea of the price increase of homes in Rutherford County:
2020: Avg. Cost of Rutherford County, TN home per sq. ft. at closing was $140
2021: Avg. Cost of Rutherford County, TN per sq. ft. at closing was $197 (November 2021)
2022: Avg. Cost of Rutherford County, TN home listed comes in at $211 per sq. ft. (Jan. 3, 2022)