$10,000 Closing Credit*
$2,249,999
5,090 SqFt
4 Beds
•4 Full Baths, 2 Partial
Marabeth Poole, Listing Office: Onward Real Estate
Is The Grove, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, The Grove has remained a Buyer's Market.
Key Takeaway
The Grove is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in The Grove, TN
How much do homes in The Grove, TN cost?
Median Sold Price
$2,775,000
$512/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$250,000(+9.9%)
Key Takeaway
Homes in The Grove have sold for 9.9% more than they did a year ago.
Summary: The median home sold price in The Grove was $2,775,000 in October 2024, up 9.9% from last year, and the median price per square foot was $512.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $1.4M | $2.2M | +58.3% |
| 4 Bedrooms | $2.4M | $2.1M | -14.8% |
| 5+ Bedrooms | $2.7M | $2.9M | +7.0% |
Summary: The Grove 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 did not change, 3 bedroom homes increased by 58.3%, 4 bedroom homes decreased by 14.8%, and 5+ bedroom homes increased by 7%.
Housing Supply in The Grove, TN
How many homes are available in The Grove, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 42 | +31.3% |
Summary: The The Grove real estate market had 42 homes for sale in October 2024, a 31.3% increase 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 1 | 0 | -100.0% |
| 4 Bedrooms | 10 | 14 | +40.0% |
| 5+ Bedrooms | 21 | 28 | +33.3% |
Summary: The The Grove 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 decreased by 100%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in The Grove, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in The Grove in October 2024, up by 300.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for The Grove, TN
How long does it take to sell a home in The Grove, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 51 Days | +88.9% |
Summary: Homes in The Grove had an average of 51 days on market in Oct 2024, up by 88.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in The Grove has remained consistent over time.
Summary: During October 2024, 4 homes were sold in The Grove; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% 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.