Is Rockwood, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Rockwood has remained a Seller's Market.
Housing Prices in Rockwood, TN
How much do homes in Rockwood, TN cost?
Median Sold Price
$229,950
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Rockwood was $229,950 in May 2024, up 2.7% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $202K | $55K | -72.8% |
2 Bedrooms | $165K | $199.9K | +21.2% |
3 Bedrooms | $225K | $225K | 0.0% |
4 Bedrooms | $229.7K | $258.4K | +12.5% |
5+ Bedrooms | $348K | $370K | +6.3% |
Summary: Rockwood housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 72.8%, 2 bedroom homes increased by 21.2%, 3 bedroom homes did not change, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 6.3%.
Median Sold Price Compared To Nearby Cities
Harriman | $187.9K | $245K | +30.4% |
Rockwood | $224K | $229.9K | +2.7% |
Housing Supply in Rockwood, TN
How many homes are available in Rockwood, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
70 | 66 | -5.7% |
Summary: The Rockwood real estate market had 66 homes for sale in May 2024, a 5.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 15 | 14 | -6.7% |
3 Bedrooms | 40 | 37 | -7.5% |
4 Bedrooms | 10 | 9 | -10.0% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Rockwood housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 6.7%, 3 bedroom homes decreased by 7.5%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 16 | +14.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Rockwood in May 2024, up by 14.3% month-over-month. Of the 15 sold homes, 67% were sold under asking, 13% were sold at asking, and 20% were sold over asking.
Days on Market for Rockwood, TN
How long does it take to sell a home in Rockwood, TN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
40 Days | 48 Days | +18.7% |
Summary: Homes in Rockwood had an average of 48 days on market in May 2024, up by 18.7% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 16 homes were sold in Rockwood; 56% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.