Is College Grove, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
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.
Housing Prices in College Grove, TN
How much do homes in College Grove, TN cost?
Median Sold Price
$1,450,000
$379/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in College Grove have sold for 31.8% more than they did a year ago.
Summary: The median home sold price in College Grove was $1,450,000 in June 2024, up 31.8% from last year, and the median price per square foot was $379.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $374K | - | N/A |
| 2 Bedrooms | $350K | $374K | +6.9% |
| 3 Bedrooms | $894.4K | $800K | -10.6% |
| 4 Bedrooms | $1.2M | $1.3M | +6.8% |
| 5+ Bedrooms | $1.1M | $1.8M | +58.9% |
Summary: College Grove housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.9%, 3 bedroom homes decreased by 10.6%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 58.9%.
Housing Supply in College Grove, TN
How many homes are available in College Grove, TN?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 121 | 121 | 0.0% |
Summary: The College Grove real estate market had 121 homes for sale in June 2024, the same as May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 13 | 15 | +15.4% |
| 4 Bedrooms | 31 | 32 | +3.2% |
| 5+ Bedrooms | 74 | 71 | -4.1% |
Summary: The College Grove housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes decreased by 4.1%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 18 | 23 | +27.8% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in College Grove, expect to pay close to the asking price. 52.2% of homes here sold near the asking price last month.
Summary: A total of 23 homes were sold or pending in College Grove in June 2024, up by 27.8% month-over-month. Of the 23 sold homes, 43% were sold under asking, 52% were sold at asking, and 4% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 44 Days | 26 Days | -40.0% |
Summary: Homes in College Grove had an average of 26 days on market in Jun 2024, down by 40% compared to last year.
Breakdown of Home Sale Times
15 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 June 2024, 23 homes were sold in College Grove; 65% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 9% 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.