Is Rossville, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rossville is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Rossville has remained a Seller's Market.

Key Takeaway

Rossville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Rossville, GA

How much do homes in Rossville, GA cost?

Median Sold Price

$230,000

$168/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$19,000(+9.0%)

Key Takeaway

Homes in Rossville have sold for 9% more than they did a year ago.

Summary: The median home sold price in Rossville was $230,000 in October 2024, up 9% from last year, and the median price per square foot was $168.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $55K$47.5K
-13.6%
2 $169.9K$189.9K
+11.8%
3 $208K$234.7K
+12.9%
4 $298.5K$297.4K
-0.4%
5+ $347.4K$359.6K
+3.5%

Summary: Rossville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.6%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 12.9%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes increased by 3.5%.

Median Sold Price Compared To Nearby Cities

Chattanooga Valley
+16.7%
Rossville
+9.0%
Chattanooga
+3.1%
Rossville-Beverly Hills
+3.0%
East Ridge
+1.9%

Housing Supply in Rossville, GA

How many homes are available in Rossville, GA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
234216-7.7%

Summary: The Rossville real estate market had 216 homes for sale in October 2024, a 7.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 45
+25.0%
2 4655
+19.6%
3 130112
-13.8%
4 4840
-16.7%
5+ 64
-33.3%

Summary: The Rossville housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 19.6%, 3 bedroom homes decreased by 13.8%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
6448-25.0%

Asking Price vs. Sold Price

25 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rossville, you may be able to get a good deal. 52.1% of homes here sold below asking price last month.

Summary: A total of 48 homes were sold or pending in Rossville in October 2024, down by 25.0% month-over-month. Of the 48 sold homes, 52% were sold under asking, 21% were sold at asking, and 27% were sold over asking.

Days on Market for Rossville, GA

How long does it take to sell a home in Rossville, GA?

Average Sale Time

Oct 2023Oct 2024CHANGE
40 Days50 Days+24.1%

Summary: Homes in Rossville had an average of 50 days on market in Oct 2024, up by 24.1% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Rossville are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 48 homes were sold in Rossville; 23% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 16 Days Ago

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