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 February 2023

Since last year, Rockwood has remained a Buyer'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

$225,750

$152/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$35,750(+18.8%)

Key Takeaway

Homes in Rockwood have sold for 18.8% more than they did a year ago.

Summary: The median home sold price in Rockwood was $225,750 in February 2024, up 18.8% from last year, and the median price per square foot was $152.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 -$129K
N/A
2 $154.5K$210K
+35.9%
3 $191.5K$225K
+17.5%
4 $204K$257K
+26.0%
5+ $348K$375K
+7.8%

Summary: Rockwood housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 35.9%, 3 bedroom homes increased by 17.5%, 4 bedroom homes increased by 26%, and 5+ bedroom homes increased by 7.8%.

Median Sold Price Compared To Nearby Cities

Harriman
+31.6%
Rockwood
+18.8%

Housing Supply in Rockwood, TN

How many homes are available in Rockwood, TN?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
6560-7.7%

Summary: The Rockwood real estate market had 60 homes for sale in February 2024, a 7.7% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 1012
+20.0%
3 3031
+3.3%
4 2214
-36.4%
5+ 33
0.0%

Summary: The Rockwood housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 3.3%, 4 bedroom homes decreased by 36.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
148-42.9%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 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. 50% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Rockwood in February 2024, down by 42.9% month-over-month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for Rockwood, TN

We’re sorry, we don't have information for this market at the moment

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

Report Updated 3 Days Ago

Newest Listings in Rockwood, TN

Nearby Markets to Rockwood, TN

What housing markets are near Rockwood, TN?