Is Rosebank, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Rosebank was a Seller's Market.
Key Takeaway
Rosebank 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 Rosebank, TN
How much do homes in Rosebank, TN cost?
Median Sold Price
$709,750
$327/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Rosebank have sold for 9.2% more than they did a year ago.
Summary: The median home sold price in Rosebank was $709,750 in May 2024, up 9.2% from last year, and the median price per square foot was $327.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $510K | N/A |
| 2 Bedrooms | $435K | $417.5K | -4.0% |
| 3 Bedrooms | $575.9K | $564.2K | -2.0% |
| 4 Bedrooms | $804.9K | $802.5K | -0.3% |
| 5+ Bedrooms | $862.5K | $1.0M | +15.9% |
Summary: Rosebank housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4%, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes increased by 15.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Rosebank | $650K | $709.7K | +9.2% |
| Inglewood | $565K | $548.9K | -2.8% |
| East Nashville | $575K | $549.3K | -4.5% |
| South Inglewood | $602K | $559.9K | -7.0% |
Housing Supply in Rosebank, TN
How many homes are available in Rosebank, TN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 79 | 78 | -1.3% |
Summary: The Rosebank real estate market had 78 homes for sale in May 2024, a 1.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 8 | +33.3% |
| 3 Bedrooms | 35 | 30 | -14.3% |
| 4 Bedrooms | 30 | 30 | 0.0% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Rosebank housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 26 | 13 | -50.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rosebank, you may be able to get a good deal. 61.5% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Rosebank in May 2024, down by 50.0% month-over-month. Of the 13 sold homes, 62% were sold under asking, 38% were sold at asking, and 0% were sold over asking.
Days on Market for Rosebank, TN
How long does it take to sell a home in Rosebank, TN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 8 Days | 41 Days | +375.7% |
Summary: Homes in Rosebank had an average of 41 days on market in May 2024, up by 375.7% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Rosebank are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 13 homes were sold in Rosebank; 77% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 8% 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.