43 homes in Colonial Park
$1.1M
Median Price
$650
Avg $/Sq Ft
27
Avg Days on Market
3
New This Week
Colonial Park is a sought-after neighborhood in Garden Grove, TN. Currently, there are 41 homes for sale in this area with a median listing price of $1.1M. The average price per square foot is $650.
Topfind Market Read
Sellers hold the edge right now. The typical home sells in about 27 days, and few sellers are cutting price. At the same time, sale prices have eased 1% over the last six months and are 5% below a year ago, so the market is not running away from buyers. Sellers can price with confidence, while buyers should arrive pre-approved and ready to decide quickly.
Median Home Price
$1.10M
↓ 5% over the past yearChart shows the median closed sale price by month
Sales Velocity
How fast homes are selling
Homes are selling quickly, which gives sellers leverage, though prepared buyers can still compete. Homes are moving 43% faster than six months ago.
Inventory Distribution
Most current listings are under 30 days old, so the mix skews toward fresh inventory.
Median Price by Bedroom
Larger homes command significantly higher prices, with sharp increases beyond 3 bedrooms.
Each additional bedroom adds about $237K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 2 → 3 bedrooms (+$498K)
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