Bryan Realty
Rossville, TN 38066
Single-Family Homes
Market Report / michael@bryanrealty.com
Rossville, TN 38066
Mon Apr 06 2020
This week the median list price for Rossville, TN 38066 is $454,996 with the market action index hovering around 29. This is less than last month's market action index of 30. Inventory has held steady at or around 21.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.
Real-Time Market Profile
| Median List Price | $454,996 | |
| Per Square Foot | $141 | |
| Days on Market | 152 | |
| Price Decreased | 29% | |
| Price Increased | 10% | |
| Relisted | 10% | |
| Inventory | 21 | |
| Median Rent | ||
| Most Expensive | $1,100,000 | |
| Least Expensive | $237,499 | |
| Market Action | 29 | |
| Slight Buyer's Advantage | ||
Prices in this zip code seem to have settled around a 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 |
|---|---|---|---|---|---|---|---|---|
| $569,000 | 3,899 | 1 - 2.5 acres | 4 | 3 | 6 | 0 | 0 | 226 |
| $489,000 | 3,299 | 0.25 - 0.5 acre | 4 | 3 | 1 | 0 | 0 | 98 |
| $449,000 | 3,299 | 2.5 - 5 acres | 4 | 3 | 1 | 0 | 0 | 107 |
| $417,450 | 2,899 | 0.5 - 1 acre | 3 | 3 | 7 | 0 | 1 | 172 |