$750,000
5.27 Acres
Land
John "Chris" Horrell, Listing Office: Fairfax Realty LLC
Is College Grove, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, College Grove has remained a Buyer's Market.
Key Takeaway
College Grove is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in College Grove, TN
How much do homes in College Grove, TN cost?
Median Sold Price
$1,398,979
$360/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$143,453(+11.4%)
Key Takeaway
Homes in College Grove have sold for 11.4% more than they did a year ago.
Summary: The median home sold price in College Grove was $1,398,979 in November 2024, up 11.4% from last year, and the median price per square foot was $360.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $374K | $190K | -49.2% |
| 2 Bedrooms | $362K | $300K | -17.1% |
| 3 Bedrooms | $900K | $802.5K | -10.8% |
| 4 Bedrooms | $1.2M | $1.3M | +4.0% |
| 5+ Bedrooms | $1.9M | $1.5M | -22.9% |
Summary: College Grove housing prices by bedroom type for November 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 10.8%, 4 bedroom homes increased by 4%, and 5+ bedroom homes decreased by 22.9%.
Housing Supply in College Grove, TN
How many homes are available in College Grove, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 105 | 102 | -2.9% |
Summary: The College Grove real estate market had 102 homes for sale in November 2024, a 2.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 13 | 12 | -7.7% |
| 4 Bedrooms | 28 | 29 | +3.6% |
| 5+ Bedrooms | 62 | 60 | -3.2% |
Summary: The College Grove housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes decreased by 3.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 10 | -54.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was 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 10 homes were sold or pending in College Grove in November 2024, down by 54.5% month-over-month. Of the 10 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 34 Days | 22 Days | -35.0% |
Summary: Homes in College Grove had an average of 22 days on market in Nov 2024, down by 35% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was 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 November 2024, 10 homes were sold in College Grove; 80% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 10% 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.