$10,000 Closing Credit*
$899,900
4,100 SqFt
5 Beds
•3 Full Baths, 1 Partial
Tracy Harris, Listing Office: Coldwell Banker Southern Realty
Is Rockvale, 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, 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
$498,820
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$60,992(+13.9%)
Key Takeaway
Homes in Rockvale have sold for 13.9% more than they did a year ago.
Summary: The median home sold price in Rockvale was $498,820 in November 2024, up 13.9% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $316.9K | $322.4K | +1.7% |
| 3 Bedrooms | $389K | $455.9K | +17.2% |
| 4 Bedrooms | $493.4K | $510.1K | +3.4% |
| 5+ Bedrooms | $549.2K | $548.5K | -0.1% |
Summary: Rockvale housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 17.2%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes decreased by 0.1%.
Median Sold Price Compared To Nearby Cities
| Rockvale | $437.8K | $498.8K | +13.9% |
| College Grove | $1.2M | $1.3M | +11.4% |
| Murfreesboro | $414.5K | $428.5K | +3.4% |
| Christiana | $399.9K | $409.9K | +2.5% |
| Unionville | $360K | $353.7K | -1.8% |
Housing Supply in Rockvale, TN
How many homes are available in Rockvale, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 41 | 30 | -26.8% |
Summary: The Rockvale real estate market had 30 homes for sale in November 2024, a 26.8% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 16 | 13 | -18.8% |
| 4 Bedrooms | 18 | 13 | -27.8% |
| 5+ Bedrooms | 6 | 3 | -50.0% |
Summary: The Rockvale 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 remained the same, 3 bedroom homes decreased by 18.8%, 4 bedroom homes decreased by 27.8%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 12 | -14.3% |
Asking Price vs. Sold Price
2 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 Rockvale, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 12 homes were sold or pending in Rockvale in November 2024, down by 14.3% month-over-month. Of the 12 sold homes, 17% were sold under asking, 67% were sold at asking, and 17% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 37 Days | +67.3% |
Summary: Homes in Rockvale had an average of 37 days on market in Nov 2024, up by 67.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Rockvale are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 12 homes were sold in Rockvale; 50% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 8% 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.