Is Rossville, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Rossville has remained a Seller's Market.
Housing Prices in Rossville, GA
How much do homes in Rossville, GA cost?
Median Sold Price
$228,000
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Rossville was $228,000 in May 2024, up 14.6% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $55K | $92.5K | +68.2% |
2 Bedrooms | $165K | $171K | +3.6% |
3 Bedrooms | $200K | $230K | +15.0% |
4 Bedrooms | $247K | $309.8K | +25.5% |
5+ Bedrooms | $350K | $347.8K | -0.6% |
Summary: Rossville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 68.2%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 25.5%, and 5+ bedroom homes decreased by 0.6%.
Median Sold Price Compared To Nearby Cities
Chattanooga Valley | $191.5K | $246.6K | +28.8% |
Rossville | $199K | $228K | +14.6% |
East Ridge | $243.3K | $270.1K | +11.0% |
Chattanooga | $316.8K | $326.7K | +3.1% |
Rossville-Beverly Hills | $186K | $189K | +1.6% |
Housing Supply in Rossville, GA
How many homes are available in Rossville, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
226 | 222 | -1.8% |
Summary: The Rossville real estate market had 222 homes for sale in May 2024, a 1.8% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 5 | 0.0% |
2 Bedrooms | 42 | 49 | +16.7% |
3 Bedrooms | 129 | 114 | -11.6% |
4 Bedrooms | 36 | 39 | +8.3% |
5+ Bedrooms | 14 | 15 | +7.1% |
Summary: The Rossville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes decreased by 11.6%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
64 | 55 | -14.1% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 55 homes were sold or pending in Rossville in May 2024, down by 14.1% month-over-month. Of the 54 sold homes, 31% were sold under asking, 31% were sold at asking, and 37% were sold over asking.
Days on Market for Rossville, GA
How long does it take to sell a home in Rossville, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
15 Days | 52 Days | +228.3% |
Summary: Homes in Rossville had an average of 52 days on market in May 2024, up by 228.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 55 homes were sold in Rossville; 5% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.