Is Rogersville, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rogersville is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Rogersville, TN

How much do homes in Rogersville, TN cost?

Median Sold Price

$221,500

$162/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$3,500(-1.6%)

Key Takeaway

Homes in Rogersville have sold for 1.6% less than they did a year ago.

Summary: The median home sold price in Rogersville was $221,500 in October 2024, down 1.6% from last year, and the median price per square foot was $162.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $184.7K-
N/A
2 $152.1K$192K
+26.2%
3 $244.2K$220K
-9.9%
4 $325K$397.4K
+22.3%
5+ $365K$325K
-11.0%

Summary: Rogersville 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 26.2%, 3 bedroom homes decreased by 9.9%, 4 bedroom homes increased by 22.3%, and 5+ bedroom homes decreased by 11%.

Housing Supply in Rogersville, TN

How many homes are available in Rogersville, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8087+8.8%

Summary: The Rogersville real estate market had 87 homes for sale in October 2024, a 8.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 55
0.0%
2 1111
0.0%
3 5560
+9.1%
4 99
0.0%
5+ 02
+100.0%

Summary: The Rogersville 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 remained the same, 3 bedroom homes increased by 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
516+220.0%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rogersville, you may be able to get a good deal. 68.8% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in Rogersville in October 2024, up by 220.0% month-over-month. Of the 16 sold homes, 69% were sold under asking, 25% were sold at asking, and 6% were sold over asking.

Days on Market for Rogersville, TN

How long does it take to sell a home in Rogersville, TN?

Average Sale Time

Oct 2023Oct 2024CHANGE
78 Days131 Days+67.4%

Summary: Homes in Rogersville had an average of 131 days on market in Oct 2024, up by 67.4% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Rogersville has remained consistent over time.

Summary: During October 2024, 16 homes were sold in Rogersville; 13% of homes were sold within 30 days, 69% of homes were sold within 30 to 90 days, and 19% 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 20 Days Ago

Newest Listings in Rogersville, TN

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