$8,749,000
8,257 SqFt
5 Beds
•5 Full Baths, 1 Partial
Amber Stormberg, Listing Office: Stormberg Real Estate Group
Is College Grove, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, College Grove was a Buyer's Market.
Key Takeaway
College Grove is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in College Grove, TN
How much do homes in College Grove, TN cost?
Median Sold Price
$1,383,437
$343/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$168,510(+13.9%)
Key Takeaway
Homes in College Grove have sold for 13.9% more than they did a year ago.
Summary: The median home sold price in College Grove was $1,383,437 in October 2024, up 13.9% from last year, and the median price per square foot was $343.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $374K | $190K | -49.2% |
| 2 Bedrooms | $362K | $300K | -17.1% |
| 3 Bedrooms | $916.2K | $782.5K | -14.6% |
| 4 Bedrooms | $1.3M | $1.3M | -1.9% |
| 5+ Bedrooms | $1.9M | $1.4M | -23.3% |
Summary: College Grove housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 49.2%, 2 bedroom homes decreased by 17.1%, 3 bedroom homes decreased by 14.6%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes decreased by 23.3%.
Housing Supply in College Grove, TN
How many homes are available in College Grove, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 105 | 116 | +10.5% |
Summary: The College Grove real estate market had 116 homes for sale in October 2024, a 10.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 11 | 14 | +27.3% |
| 4 Bedrooms | 32 | 33 | +3.1% |
| 5+ Bedrooms | 60 | 66 | +10.0% |
Summary: The College Grove housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 27.3%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 21 | +40.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
8 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. 50% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in College Grove in October 2024, up by 40.0% month-over-month. Of the 20 sold homes, 50% were sold under asking, 40% were sold at asking, and 10% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 37 Days | 53 Days | +41.3% |
Summary: Homes in College Grove had an average of 53 days on market in Oct 2024, up by 41.3% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in College Grove are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 21 homes were sold in College Grove; 57% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 19% 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.