Is Rockvale, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Rockvale has remained a Seller's Market.
Key Takeaway
Rockvale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rockvale, TN
How much do homes in Rockvale, TN cost?
Median Sold Price
$439,995
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Rockvale have sold for 7.3% less than they did a year ago.
Summary: The median home sold price in Rockvale was $439,995 in May 2024, down 7.3% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $220K | - | N/A |
| 2 Bedrooms | $300K | $319.9K | +6.7% |
| 3 Bedrooms | $427.5K | $433K | +1.3% |
| 4 Bedrooms | $495K | $508.1K | +2.7% |
| 5+ Bedrooms | $547.8K | $513.6K | -6.2% |
Summary: Rockvale 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 increased by 6.7%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes decreased by 6.2%.
Median Sold Price Compared To Nearby Cities
| College Grove | $1.1M | $1.5M | +36.6% |
| Unionville | $349.7K | $363.5K | +3.9% |
| Murfreesboro | $410.2K | $419.9K | +2.4% |
| Christiana | $400K | $398K | -0.5% |
| Rockvale | $474.5K | $439.9K | -7.3% |
Housing Supply in Rockvale, TN
How many homes are available in Rockvale, TN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 58 | 56 | -3.4% |
Summary: The Rockvale real estate market had 56 homes for sale in May 2024, a 3.4% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 29 | 27 | -6.9% |
| 4 Bedrooms | 18 | 18 | 0.0% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The Rockvale 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 50%, 3 bedroom homes decreased by 6.9%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 18 | +80.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rockvale, expect to pay close to the asking price. 58.8% of homes here sold near the asking price last month.
Summary: A total of 18 homes were sold or pending in Rockvale in May 2024, up by 80.0% month-over-month. Of the 17 sold homes, 12% were sold under asking, 59% were sold at asking, and 29% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 78 Days | 32 Days | -58.5% |
Summary: Homes in Rockvale had an average of 32 days on market in May 2024, down by 58.5% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 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 May 2024, 18 homes were sold in Rockvale; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% 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.