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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rogersville is a buyer's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Rogersville was a Seller's Market.

Key Takeaway

Rogersville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Rogersville, TN

How much do homes in Rogersville, TN cost?

Median Sold Price

$216,850

$159/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$15,650(-6.7%)

Key Takeaway

Homes in Rogersville have sold for 6.7% less than they did a year ago.

Summary: The median home sold price in Rogersville was $216,850 in September 2024, down 6.7% from last year, and the median price per square foot was $159.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $65K$304.5K
+368.5%
2 $150K$195K
+30.0%
3 $250K$216.5K
-13.4%
4 $325K$390K
+20.0%
5+ $365K$325K
-11.0%

Summary: Rogersville housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 368.5%, 2 bedroom homes increased by 30%, 3 bedroom homes decreased by 13.4%, 4 bedroom homes increased by 20%, 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

Aug 2024Sep 2024CHANGE
7479+6.8%

Summary: The Rogersville real estate market had 79 homes for sale in September 2024, a 6.8% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 35
+66.7%
2 1412
-14.3%
3 4753
+12.8%
4 99
0.0%
5+ 10
-100.0%

Summary: The Rogersville housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 12.8%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
155-66.7%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were 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. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Rogersville in September 2024, down by 66.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% 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

Sep 2023Sep 2024CHANGE
52 Days109 Days+108.8%

Summary: Homes in Rogersville had an average of 109 days on market in Sep 2024, up by 108.8% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 September 2024, 5 homes were sold in Rogersville; 0% of homes were sold within 30 days, 80% of homes were sold within 30 to 90 days, and 20% 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 Sep 1, 2024

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