$3,669,000
6,410 SqFt
5 Beds
•4 Full Baths, 3 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 November 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
$2,842,700
$516/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$342,700(+13.7%)
Key Takeaway
Homes in The Grove have sold for 13.7% more than they did a year ago.
Summary: The median home sold price in The Grove was $2,842,700 in November 2024, up 13.7% from last year, and the median price per square foot was $516.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $1.4M | $2.2M | +58.3% |
| 4 Bedrooms | $2.4M | $2.1M | -13.2% |
| 5+ Bedrooms | $2.6M | $2.9M | +14.4% |
Summary: The Grove 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 did not change, 3 bedroom homes increased by 58.3%, 4 bedroom homes decreased by 13.2%, and 5+ bedroom homes increased by 14.4%.
Housing Supply in The Grove, TN
How many homes are available in The Grove, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 38 | 36 | -5.3% |
Summary: The The Grove real estate market had 36 homes for sale in November 2024, a 5.3% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 0 | 0 | 0.0% |
| 4 Bedrooms | 11 | 11 | 0.0% |
| 5+ Bedrooms | 27 | 25 | -7.4% |
Summary: The The Grove 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 7.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in The Grove, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in The Grove in November 2024, the same as the previous month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 73 Days | 39 Days | -46.8% |
Summary: Homes in The Grove had an average of 39 days on market in Nov 2024, down by 46.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in The Grove are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in The Grove; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% 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.