Bryan Realty
Rossville, TN 38066
Single-Family Homes
Market Report / michael@bryanrealty.com
Rossville, TN 38066
Fri Apr 26 2024
This week the median list price for Rossville, TN 38066 is $612,450 with the market action index hovering around 24. This is about the same as last month's market action index of 24. Inventory has decreased to 26.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.
Real-Time Market Profile
| Median List Price | $612,450 | |
| Median Price of New Listings | $0 | |
| Per Square Foot | $195 | |
| Average Days on Market | 137 | |
| Median Days on Market | 102 | |
| Price Decreased | 46% | |
| Price Increased | 0% | |
| Relisted | 4% | |
| Inventory | 26 | |
| Median Rent | ||
| Market Action | 24 | |
| Slight Buyer's Advantage | ||
We continue to see prices in this zip code bounce around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $734,449 | 3,600 | 1 - 2.5 acres | 5 | 3.5 | 1 | 0 | 1 | 143 |
| $649,700 | 3,200 | 0.25 - 0.5 acre | 4 | 3.3 | 3 | 0 | 0 | 154 |
| $569,900 | 3,000 | 0.25 - 0.5 acre | 4 | 3 | 6 | 0 | 1 | 35 |
| $479,000 | 2,600 | 0.25 - 0.5 acre | 4 | 3 | 7 | 0 | 2 | 105 |