Is Rogersville, 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, Rogersville has remained a Seller's Market.
Housing Prices in Rogersville, TN
How much do homes in Rogersville, TN cost?
Median Sold Price
$241,750
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Rogersville was $241,750 in May 2024, up 15.1% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $65K | $304.5K | +368.5% |
2 Bedrooms | $150K | $197K | +31.3% |
3 Bedrooms | $229.5K | $230K | 0.2% |
4 Bedrooms | $215K | $382K | +77.7% |
5+ Bedrooms | $450K | $365K | -18.9% |
Summary: Rogersville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 368.5%, 2 bedroom homes increased by 31.3%, 3 bedroom homes increased by 0.2%, 4 bedroom homes increased by 77.7%, and 5+ bedroom homes decreased by 18.9%.
Housing Supply in Rogersville, TN
How many homes are available in Rogersville, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
81 | 79 | -2.5% |
Summary: The Rogersville real estate market had 79 homes for sale in May 2024, a 2.5% 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 | 21 | 23 | +9.5% |
3 Bedrooms | 45 | 44 | -2.2% |
4 Bedrooms | 13 | 10 | -23.1% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Rogersville 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 increased by 9.5%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes decreased by 23.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
21 | 24 | +14.3% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Rogersville in May 2024, up by 14.3% month-over-month. Of the 24 sold homes, 58% were sold under asking, 17% were sold at asking, and 25% were sold over asking.
Days on Market for Rogersville, TN
How long does it take to sell a home in Rogersville, TN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
85 Days | 94 Days | +10.4% |
Summary: Homes in Rogersville had an average of 94 days on market in May 2024, up by 10.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During May 2024, 24 homes were sold in Rogersville; 21% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 42% of homes were sold over 90 days.