Is College Grove, 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, College Grove was a Seller's Market.
Key Takeaway
College Grove 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 College Grove, TN
How much do homes in College Grove, TN cost?
Median Sold Price
$1,502,500
$405/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in College Grove have sold for 36.6% more than they did a year ago.
Summary: The median home sold price in College Grove was $1,502,500 in May 2024, up 36.6% from last year, and the median price per square foot was $405.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $374K | N/A |
| 2 Bedrooms | $462K | $300K | -35.1% |
| 3 Bedrooms | $912.4K | $782.5K | -14.2% |
| 4 Bedrooms | $1.1M | $1.4M | +23.4% |
| 5+ Bedrooms | $1.1M | $2.3M | +105.0% |
Summary: College Grove 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 35.1%, 3 bedroom homes decreased by 14.2%, 4 bedroom homes increased by 23.4%, and 5+ bedroom homes increased by 105%.
Housing Supply in College Grove, TN
How many homes are available in College Grove, TN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 105 | 101 | -3.8% |
Summary: The College Grove real estate market had 101 homes for sale in May 2024, a 3.8% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 12 | 11 | -8.3% |
| 4 Bedrooms | 22 | 26 | +18.2% |
| 5+ Bedrooms | 69 | 62 | -10.1% |
Summary: The College Grove 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 remained the same, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes decreased by 10.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 16 | 17 | +6.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in College Grove, you may be able to get a good deal. 52.9% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in College Grove in May 2024, up by 6.3% month-over-month. Of the 17 sold homes, 53% were sold under asking, 35% were sold at asking, and 12% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 46 Days | 22 Days | -52.2% |
Summary: Homes in College Grove had an average of 22 days on market in May 2024, down by 52.2% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in College Grove are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 17 homes were sold in College Grove; 59% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 6% 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.