Is College Grove, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, College Grove was a Neutral Market.
Key Takeaway
College Grove is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in College Grove, TN
How much do homes in College Grove, TN cost?
Median Sold Price
$1,492,500
$421/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in College Grove have sold for 33.8% more than they did a year ago.
Summary: The median home sold price in College Grove was $1,492,500 in April 2024, up 33.8% from last year, and the median price per square foot was $421.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $374K | N/A |
| 2 Bedrooms | $556K | $325K | -41.5% |
| 3 Bedrooms | $908.7K | $800K | -12.0% |
| 4 Bedrooms | $1.1M | $1.4M | +23.7% |
| 5+ Bedrooms | $1.1M | $2.3M | +102.9% |
Summary: College Grove housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 41.5%, 3 bedroom homes decreased by 12%, 4 bedroom homes increased by 23.7%, and 5+ bedroom homes increased by 102.9%.
Housing Supply in College Grove, TN
How many homes are available in College Grove, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 89 | 97 | +9.0% |
Summary: The College Grove real estate market had 97 homes for sale in April 2024, a 9.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 13 | 14 | +7.7% |
| 4 Bedrooms | 27 | 24 | -11.1% |
| 5+ Bedrooms | 47 | 56 | +19.1% |
Summary: The College Grove housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 19.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 13 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
9 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. 69.2% of homes here sold near the asking price last month.
Summary: A total of 13 homes were sold or pending in College Grove in April 2024, the same as the previous month. Of the 13 sold homes, 23% were sold under asking, 69% were sold at asking, and 8% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 84 Days | 77 Days | -7.4% |
Summary: Homes in College Grove had an average of 77 days on market in Apr 2024, down by 7.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 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 April 2024, 13 homes were sold in College Grove; 38% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 31% 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.