Is Rockvale, 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, Rockvale was a Seller's Market.
Key Takeaway
Rockvale is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Rockvale, TN
How much do homes in Rockvale, TN cost?
Median Sold Price
$434,827
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Rockvale have sold for 8.6% less than they did a year ago.
Summary: The median home sold price in Rockvale was $434,827 in April 2024, down 8.6% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $220K | - | N/A |
| 2 Bedrooms | $299K | $320.1K | +7.1% |
| 3 Bedrooms | $430K | $424.1K | -1.4% |
| 4 Bedrooms | $494.9K | $511.8K | +3.4% |
| 5+ Bedrooms | $559.4K | $502.6K | -10.2% |
Summary: Rockvale 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 increased by 7.1%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes decreased by 10.2%.
Median Sold Price Compared To Nearby Cities
| College Grove | $1.1M | $1.4M | +33.8% |
| Murfreesboro | $413.5K | $419.9K | +1.5% |
| Unionville | $362K | $359.9K | -0.6% |
| Christiana | $400K | $395K | -1.3% |
| Rockvale | $475.7K | $434.8K | -8.6% |
Housing Supply in Rockvale, TN
How many homes are available in Rockvale, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 57 | 55 | -3.5% |
Summary: The Rockvale real estate market had 55 homes for sale in April 2024, a 3.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 33 | 30 | -9.1% |
| 4 Bedrooms | 18 | 18 | 0.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Rockvale 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 remained the same, 3 bedroom homes decreased by 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 9 | -25.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rockvale, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Rockvale in April 2024, down by 25.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 11% were sold at asking, and 33% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 46 Days | 60 Days | +30.9% |
Summary: Homes in Rockvale had an average of 60 days on market in Apr 2024, up by 30.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rockvale are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in Rockvale; 44% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 33% 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.