Is Grainger County, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Grainger County has remained a Seller's Market.
Housing Prices in Grainger County, TN
How much do homes in Grainger County, TN cost?
Median Sold Price
$265,000
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Grainger County was $265,000 in May 2024, down 5.3% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $286.5K | $235.5K | -17.8% |
2 Bedrooms | $180K | $229.9K | +27.7% |
3 Bedrooms | $277.4K | $260K | -6.3% |
4 Bedrooms | $405K | $700.1K | +72.9% |
5+ Bedrooms | $325K | $660.9K | +103.4% |
Summary: Grainger County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.8%, 2 bedroom homes increased by 27.7%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 72.9%, and 5+ bedroom homes increased by 103.4%.
Median Sold Price Compared To Nearby Counties
Jefferson County | $298.9K | $340.3K | +13.9% |
Union County | $285K | $307K | +7.7% |
Claiborne County | $227.2K | $240K | +5.6% |
Hamblen County | $274.9K | $284.2K | +3.4% |
Grainger County | $279.9K | $265K | -5.3% |
Housing Supply in Grainger County, TN
How many homes are available in Grainger County, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
105 | 99 | -5.7% |
Summary: The Grainger County real estate market had 99 homes for sale in May 2024, a 5.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 20 | 16 | -20.0% |
3 Bedrooms | 69 | 66 | -4.3% |
4 Bedrooms | 6 | 8 | +33.3% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Grainger County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
16 | 20 | +25.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Grainger County in May 2024, up by 25.0% month-over-month. Of the 20 sold homes, 45% were sold under asking, 15% were sold at asking, and 40% were sold over asking.
Days on Market for Grainger County, TN
How long does it take to sell a home in Grainger County, TN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
58 Days | 70 Days | +21.2% |
Summary: Homes in Grainger County had an average of 70 days on market in May 2024, up by 21.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During May 2024, 20 homes were sold in Grainger County; 30% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.