Is Rockvale, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Rockvale has remained a Seller's Market.
Key Takeaway
Rockvale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rockvale, TN
How much do homes in Rockvale, TN cost?
Median Sold Price
$424,945
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Rockvale have sold for 10.4% less than they did a year ago.
Summary: The median home sold price in Rockvale was $424,945 in March 2024, down 10.4% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $220K | - | N/A |
| 2 Bedrooms | $298K | $319.9K | +7.4% |
| 3 Bedrooms | $457.6K | $399.9K | -12.6% |
| 4 Bedrooms | $494.9K | $495.1K | 0.0% |
| 5+ Bedrooms | $571.6K | $505.2K | -11.6% |
Summary: Rockvale 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 increased by 7.4%, 3 bedroom homes decreased by 12.6%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 11.6%.
Median Sold Price Compared To Nearby Cities
| College Grove | $1.1M | $1.4M | +34.1% |
| Murfreesboro | $414.2K | $417.5K | +0.8% |
| Christiana | $408K | $392.2K | -3.9% |
| Rockvale | $474.2K | $424.9K | -10.4% |
Housing Supply in Rockvale, TN
How many homes are available in Rockvale, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 53 | 40 | -24.5% |
Summary: The Rockvale real estate market had 40 homes for sale in March 2024, a 24.5% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 27 | 26 | -3.7% |
| 4 Bedrooms | 20 | 10 | -50.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Rockvale housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 8 | -42.9% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Rockvale, expect to pay close to the asking price. 62.5% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in Rockvale in March 2024, down by 42.9% month-over-month. Of the 8 sold homes, 25% were sold under asking, 63% were sold at asking, and 13% were sold over asking.
Days on Market for Rockvale, TN
How long does it take to sell a home in Rockvale, TN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 47 Days | 19 Days | -59.0% |
Summary: Homes in Rockvale had an average of 19 days on market in Mar 2024, down by 59% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Rockvale are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 8 homes were sold in Rockvale; 88% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% 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.