Is Rossville, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rossville is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

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

+$29,000(+14.6%)

Key Takeaway

Homes in Rossville have sold for 14.6% more than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 $55K$92.5K
+68.2%
2 $165K$171K
+3.6%
3 $200K$230K
+15.0%
4 $247K$309.8K
+25.5%
5+ $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
+28.8%
Rossville
+14.6%
East Ridge
+11.0%
Chattanooga
+3.1%
Rossville-Beverly Hills
+1.6%

Housing Supply in Rossville, GA

How many homes are available in Rossville, GA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
226222-1.8%

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

# BEDSApr 2024May 2024CHANGE
1 55
0.0%
2 4249
+16.7%
3 129114
-11.6%
4 3639
+8.3%
5+ 1415
+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 2024May 2024CHANGE
6455-14.1%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

20 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rossville, you could pay more than the asking price. 37% of homes here sold above asking price last month.

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 2023May 2024CHANGE
15 Days52 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 5 Days Ago

Newest Listings in Rossville, GA

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