Is Grundy 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, Grundy County has remained a Buyer's Market.
Housing Prices in Grundy County, TN
How much do homes in Grundy County, TN cost?
Median Sold Price
$325,000
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Grundy County was $325,000 in May 2024, up 12.1% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $345K | $260K | -24.6% |
2 Bedrooms | $172.4K | $230K | +33.4% |
3 Bedrooms | $261.1K | $270K | +3.4% |
4 Bedrooms | $415K | $516.7K | +24.5% |
5+ Bedrooms | $517.4K | $583.1K | +12.7% |
Summary: Grundy County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.6%, 2 bedroom homes increased by 33.4%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 24.5%, and 5+ bedroom homes increased by 12.7%.
Median Sold Price Compared To Nearby Counties
Marion County | $232K | $290K | +25.0% |
Grundy County | $290K | $325K | +12.1% |
Coffee County | $285.7K | $300K | +5.0% |
Warren County | $249.9K | $260K | +4.0% |
Sequatchie County | $262.5K | $259.9K | -1.0% |
Housing Supply in Grundy County, TN
How many homes are available in Grundy County, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
89 | 107 | +20.2% |
Summary: The Grundy County real estate market had 107 homes for sale in May 2024, a 20.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 5 | +25.0% |
2 Bedrooms | 21 | 25 | +19.0% |
3 Bedrooms | 42 | 53 | +26.2% |
4 Bedrooms | 17 | 19 | +11.8% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Grundy County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 19%, 3 bedroom homes increased by 26.2%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 12 | +33.3% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Grundy County in May 2024, up by 33.3% month-over-month. Of the 12 sold homes, 92% were sold under asking, 0% were sold at asking, and 8% were sold over asking.
Days on Market for Grundy County, TN
How long does it take to sell a home in Grundy County, TN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
108 Days | 66 Days | -38.4% |
Summary: Homes in Grundy County had an average of 66 days on market in May 2024, down by 38.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 12 homes were sold in Grundy County; 42% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.