Is College Grove, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, College Grove was a Seller's Market.
Key Takeaway
College Grove is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in College Grove, TN
How much do homes in College Grove, TN cost?
Median Sold Price
$1,475,000
$419/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in College Grove have sold for 34.1% more than they did a year ago.
Summary: The median home sold price in College Grove was $1,475,000 in March 2024, up 34.1% from last year, and the median price per square foot was $419.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $374K | N/A |
| 2 Bedrooms | $556K | $325K | -41.5% |
| 3 Bedrooms | $912.4K | $800K | -12.3% |
| 4 Bedrooms | $1.0M | $1.5M | +51.2% |
| 5+ Bedrooms | $1.1M | $2.3M | +102.1% |
Summary: College Grove housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 41.5%, 3 bedroom homes decreased by 12.3%, 4 bedroom homes increased by 51.2%, and 5+ bedroom homes increased by 102.1%.
Housing Supply in College Grove, TN
How many homes are available in College Grove, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 71 | 87 | +22.5% |
Summary: The College Grove real estate market had 87 homes for sale in March 2024, a 22.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 11 | 13 | +18.2% |
| 4 Bedrooms | 24 | 29 | +20.8% |
| 5+ Bedrooms | 35 | 43 | +22.9% |
Summary: The College Grove housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 20.8%, and 5+ bedroom homes increased by 22.9%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 13 | +225.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in College Grove, you may be able to get a good deal. 61.5% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in College Grove in March 2024, up by 225.0% month-over-month. Of the 13 sold homes, 62% were sold under asking, 23% were sold at asking, and 15% were sold over asking.
Days on Market for College Grove, TN
How long does it take to sell a home in College Grove, TN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 51 Days | 37 Days | -26.9% |
Summary: Homes in College Grove had an average of 37 days on market in Mar 2024, down by 26.9% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in College Grove are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 13 homes were sold in College Grove; 54% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.