Is Rockwood, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rockwood is a buyer's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Rockwood was a Seller's Market.

Key Takeaway

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

Housing Prices in Rockwood, TN

How much do homes in Rockwood, TN cost?

Median Sold Price

$228,950

$152/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$4,950(+2.2%)

Key Takeaway

Homes in Rockwood have sold for 2.2% more than they did a year ago.

Summary: The median home sold price in Rockwood was $228,950 in September 2024, up 2.2% from last year, and the median price per square foot was $152.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $129K$10.5K
-91.9%
2 $180.4K$185K
+2.5%
3 $225K$229.9K
+2.2%
4 $230K$265K
+15.2%
5+ $370K$279K
-24.6%

Summary: Rockwood housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 91.9%, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes decreased by 24.6%.

Median Sold Price Compared To Nearby Cities

Harriman
+29.7%
Rockwood
+2.2%

Housing Supply in Rockwood, TN

How many homes are available in Rockwood, TN?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
7670-7.9%

Summary: The Rockwood real estate market had 70 homes for sale in September 2024, a 7.9% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 10
-100.0%
2 1111
0.0%
3 4844
-8.3%
4 1212
0.0%
5+ 43
-25.0%

Summary: The Rockwood housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 8.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
189-50.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rockwood, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Rockwood in September 2024, down by 50.0% month-over-month. Of the 8 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.

Days on Market for Rockwood, TN

How long does it take to sell a home in Rockwood, TN?

Average Sale Time

Sep 2023Sep 2024CHANGE
94 Days25 Days-73.1%

Summary: Homes in Rockwood had an average of 25 days on market in Sep 2024, down by 73.1% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 9 homes were sold in Rockwood; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% 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 Sep 1, 2024

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