Is College Grove, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing College Grove is a seller's market

Buyer's
Market

Difference Since September 2021

Since last year, College Grove has remained a Seller's Market.

Key Takeaway

College Grove is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in College Grove, TN cost?

Median Sold Price

$932,321

$297/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$165,448(+21.6%)

Key Takeaway

Homes in College Grove have sold for 21.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 --
N/A
2 $525K$650K
+23.8%
3 $584.9K$804.5K
+37.5%
4 $792.4K$987.5K
+24.6%
5+ $1.0M$975K
-7.1%

Median Sold Price Compared To Nearby Cities

College Grove
+21.6%
Rockvale
+16.8%
Arrington
-4.3%

How many homes are available in College Grove, TN?

Number of Homes For Sale

Aug 2022Sep 2022%
8988-1.1%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 00
0.0%
2 22
0.0%
3 1920
+5.3%
4 3231
-3.1%
5+ 3635
-2.8%

Number of Homes Sold

Aug 2022Sep 2022%
18180.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in College Grove, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
6 Days18 Days+179.4%

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in College Grove are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About College Grove, TN

College Grove, TN has 88 homes for sale to choose from. The number of homes for sale in College Grove, TN decreased by 1.1% between August 2022 and September 2022. Listings spent 18 days on the market in September 2022, and had a median list price of $932,321 during the same period. This housing market listing prices have changed between August 2022 and September 2022: 1 bedroom properties became 0% more expensive, 2 bedrooms properties became 23.8% more expensive, the cost of 3 bedrooms properties went up by 37.5%, the cost of 4 bedrooms properties went up by 24.6%, 5 bedrooms properties became 7.1% more cheaper. Volume of homes for sale changed: number of 1 bedroom homes remained the same, the quantity of 2 bedrooms homes have not changed, number of 3 bedrooms homes increased by 5.3%, volume of 4 bedrooms homes went down by 3.1%, the quantity of 5 bedrooms homes went down by 2.8%. In September 2022 more than 1 listings in College Grove, TN were sold above the asking price. During the same period more than 8 listings were sold at asking price, while more than 9 were sold below.

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