43 homes in Central Grove
Central Grove is a sought-after neighborhood in Garden Grove, TN. Browse available listings to find your perfect home in this neighborhood.
Garden Grove Market Report
Topfind Market Read
Sellers hold the edge right now. There is only 2.5 months of supply, and sale prices are up 11% over the last six months and 5% over the past year. At the same time, 34% of sellers have trimmed their asking price, so the market is not running away from buyers. Sellers have the stronger hand, though prepared buyers can still negotiate on the right home.
Median Home Price
$1,000K
↑ 5% over the past yearChart shows the median closed sale price by month
Months of Supply
Estimated time to sell all listings at the current sales pace
2.5 months of supply
Tight Supply113 active listings against the current sales pace works out to about 2.5 months of supply.
What this means for buyers
Inventory is tight relative to how many homes sell each month, so buyers have fewer options and well-priced homes draw competition. Listings typically sell in ~32 days.
Sales Velocity
How fast homes are selling
Homes are selling at a steady pace, so buyers have some time, though competition still exists. Homes are moving 13% faster than six months ago.
Inventory Distribution
Most current listings are under 30 days old, so the mix skews toward fresh inventory.
Affordability Snapshot
Typical home cost
$6,731/mo
Actual housing expense
Affordable budget (28%)
$2,104/mo
Based on median income
Median household income
$7,514/mo
Garden Grove
A typical home costs about 90% of the median household's income.
For reference, lenders typically recommend spending ≤28%.
Income needed to afford a typical home comfortably
$288K/year
Assumes housing costs ≤28% of income
20% down, 7% rate, 30-yr fixed. CA averages for tax/insurance.
Median Price by Bedroom
Home prices rise significantly with each additional bedroom.
Each additional bedroom adds about $210K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 2 → 3 bedrooms (+$367K)
Price Reductions
38 listings have reduced their price
34% of active listings
Average reduction: 6.8% (~$68K)
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