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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rockwood is a seller's market

Buyer's
Market

Difference Since September 2021

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

Key Takeaway

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

How much do homes in Rockwood, TN cost?

Median Sold Price

$175,000

$120/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$30,500(+21.1%)

Key Takeaway

Homes in Rockwood have sold for 21.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 --
N/A
2 $139.9K$142.5K
+1.9%
3 $137K$180K
+31.4%
4 $213.5K$202.4K
-5.2%
5+ $220K$226.5K
+3.0%

Median Sold Price Compared To Nearby Cities

Rockwood
+21.1%
Harriman
+20.6%

How many homes are available in Rockwood, TN?

Number of Homes For Sale

Aug 2022Sep 2022%
3331-6.1%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 00
0.0%
2 64
-33.3%
3 2018
-10.0%
4 46
+50.0%
5+ 33
0.0%

Number of Homes Sold

Aug 2022Sep 2022%
711+57.1%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was 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. 81.8% of homes here sold below asking price last month.

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

About Rockwood, TN

Rockwood, TN has 31 homes on the market. The number of listings in Rockwood, TN decreased by 6.1% between August 2022 and September 2022. Real estate listing prices changed between August 2022 and September 2022: the cost of 1 bedroom properties went up by 0%, the cost of 2 bedrooms properties went up by 1.9%, 3 bedrooms properties became 31.4% more expensive, 4 bedrooms properties prices decreased by 5.2%, prices of 5 bedrooms properties increased by 3%. Housing inventory have changed in this real estate market: the quantity of 1 bedroom homes have not changed, number of 2 bedrooms homes decreased by 33.3%, 3 bedrooms homes became 10% less available, the quantity of 4 bedrooms homes went up by 50%, the quantity of 5 bedrooms homes have not changed. Over 1 listings were sold over their listed price in September 2022 in Rockwood, TN. In the same period over 9 listings were sold below the listed price and 1 listings were sold for the listed price.

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