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 buyer's market

Buyer's
Market

Difference Since September 2023

At the same time last year, College Grove was a Neutral Market.

Key Takeaway

College Grove is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in College Grove, TN

How much do homes in College Grove, TN cost?

Median Sold Price

$1,398,416

$350/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$287,887(+25.9%)

Key Takeaway

Homes in College Grove have sold for 25.9% more than they did a year ago.

Summary: The median home sold price in College Grove was $1,398,416 in September 2024, up 25.9% from last year, and the median price per square foot was $350.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $374K$190K
-49.2%
2 $350K$374K
+6.9%
3 $920K$800K
-13.0%
4 $1.0M$1.3M
+35.6%
5+ $1.3M$1.4M
+9.7%

Summary: College Grove housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 49.2%, 2 bedroom homes increased by 6.9%, 3 bedroom homes decreased by 13%, 4 bedroom homes increased by 35.6%, and 5+ bedroom homes increased by 9.7%.

Median Sold Price Compared To Nearby Cities

College Grove
+25.9%
Rockvale
+7.8%
Arrington
-0.9%

Housing Supply in College Grove, TN

How many homes are available in College Grove, TN?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
103107+3.9%

Summary: The College Grove real estate market had 107 homes for sale in September 2024, a 3.9% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 1512
-20.0%
4 3031
+3.3%
5+ 5661
+8.9%

Summary: The College Grove housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 8.9%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
1811-38.9%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in College Grove, expect to pay close to the asking price. 45.5% of homes here sold near the asking price last month.

Summary: A total of 11 homes were sold or pending in College Grove in September 2024, down by 38.9% month-over-month. Of the 11 sold homes, 36% were sold under asking, 45% were sold at asking, and 18% 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

Sep 2023Sep 2024CHANGE
34 Days19 Days-44.4%

Summary: Homes in College Grove had an average of 19 days on market in Sep 2024, down by 44.4% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was 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.

Summary: During September 2024, 11 homes were sold in College Grove; 82% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.

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

Report Updated 30 Days Ago

Newest Listings in College Grove, TN

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