Is Rockwood, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Rockwood has remained a Seller's Market.
Housing Prices in Rockwood, TN
How much do homes in Rockwood, TN cost?
Median Sold Price
$225,000
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Rockwood was $225,000 in April 2024, up 3.8% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $129K | N/A |
2 Bedrooms | $165K | $186.4K | +13.0% |
3 Bedrooms | $227.5K | $225K | -1.1% |
4 Bedrooms | $221.5K | $272.4K | +23.0% |
5+ Bedrooms | $287.5K | $612.5K | +113.0% |
Summary: Rockwood housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 23%, and 5+ bedroom homes increased by 113%.
Median Sold Price Compared To Nearby Cities
Harriman | $186K | $248K | +33.3% |
Rockwood | $216.7K | $225K | +3.8% |
Housing Supply in Rockwood, TN
How many homes are available in Rockwood, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
64 | 67 | +4.7% |
Summary: The Rockwood real estate market had 67 homes for sale in April 2024, a 4.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 14 | 13 | -7.1% |
3 Bedrooms | 35 | 40 | +14.3% |
4 Bedrooms | 12 | 11 | -8.3% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Rockwood housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 13 | -13.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Rockwood in April 2024, down by 13.3% month-over-month. Of the 13 sold homes, 77% were sold under asking, 23% were sold at asking, and 0% were sold over asking.
Days on Market for Rockwood, TN
How long does it take to sell a home in Rockwood, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
74 Days | 38 Days | -48.8% |
Summary: Homes in Rockwood had an average of 38 days on market in Apr 2024, down by 48.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 13 homes were sold in Rockwood; 38% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.