$5,995 Closing Credit*
$504,847
2,466 SqFt
4 Beds
•2 Full Baths, 1 Partial
Matthew Dobson, Listing Office: CastleRock dba The Jones Company
Is Rockvale, 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, Rockvale was a Neutral 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
$485,074
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$45,074(+10.2%)
Key Takeaway
Homes in Rockvale have sold for 10.2% more than they did a year ago.
Summary: The median home sold price in Rockvale was $485,074 in October 2024, up 10.2% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $309.9K | $322K | +3.9% |
| 3 Bedrooms | $400K | $439.9K | +10.0% |
| 4 Bedrooms | $494.9K | $510.1K | +3.1% |
| 5+ Bedrooms | $549.2K | $547.2K | -0.4% |
Summary: Rockvale housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes decreased by 0.4%.
Median Sold Price Compared To Nearby Cities
| College Grove | $1.2M | $1.3M | +13.9% |
| Rockvale | $440K | $485K | +10.2% |
| Murfreesboro | $412.3K | $426.8K | +3.5% |
| Christiana | $399.9K | $406K | +1.5% |
| Unionville | $359.9K | $358K | -0.5% |
Housing Supply in Rockvale, TN
How many homes are available in Rockvale, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 45 | 42 | -6.7% |
Summary: The Rockvale real estate market had 42 homes for sale in October 2024, a 6.7% decrease 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 | 1 | 2 | +100.0% |
| 3 Bedrooms | 19 | 17 | -10.5% |
| 4 Bedrooms | 19 | 17 | -10.5% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Rockvale 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 100%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes decreased by 10.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 12 | -14.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rockvale, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Rockvale in October 2024, down by 14.3% month-over-month. Of the 11 sold homes, 55% were sold under asking, 45% were sold at asking, and 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 42 Days | 8 Days | -80.4% |
Summary: Homes in Rockvale had an average of 8 days on market in Oct 2024, down by 80.4% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 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 October 2024, 12 homes were sold in Rockvale; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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.