$2,078 Closing Credit*
$175,000
1,152 SqFt
2 Beds
•1 Full Bath
Listing Office: Wallace
Is Grainger County, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Grainger County was a Seller's Market.
Key Takeaway
Grainger County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Grainger County, TN
How much do homes in Grainger County, TN cost?
Median Sold Price
$254,000
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$21,000(-7.6%)
Key Takeaway
Homes in Grainger County have sold for 7.6% less than they did a year ago.
Summary: The median home sold price in Grainger County was $254,000 in October 2024, down 7.6% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $235.5K | $265K | +12.5% |
| 2 Bedrooms | $176.5K | $236K | +33.7% |
| 3 Bedrooms | $269.3K | $257K | -4.6% |
| 4 Bedrooms | $797.4K | $445K | -44.2% |
| 5+ Bedrooms | $380K | $471.9K | +24.2% |
Summary: Grainger County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 33.7%, 3 bedroom homes decreased by 4.6%, 4 bedroom homes decreased by 44.2%, and 5+ bedroom homes increased by 24.2%.
Median Sold Price Compared To Nearby Counties
| Jefferson County | $306.8K | $365K | +19.0% |
| Claiborne County | $224.8K | $249.9K | +11.1% |
| Hamblen County | $276.2K | $289.7K | +4.9% |
| Union County | $293.9K | $304K | +3.4% |
| Grainger County | $275K | $254K | -7.6% |
Housing Supply in Grainger County, TN
How many homes are available in Grainger County, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 104 | 103 | -1.0% |
Summary: The Grainger County real estate market had 103 homes for sale in October 2024, a 1.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 0 | -100.0% |
| 2 Bedrooms | 20 | 20 | 0.0% |
| 3 Bedrooms | 62 | 61 | -1.6% |
| 4 Bedrooms | 12 | 13 | +8.3% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Grainger County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 15 | 0.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Grainger County, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Grainger County in October 2024, the same as the previous month. Of the 15 sold homes, 67% were sold under asking, 20% were sold at asking, and 13% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 38 Days | 75 Days | +95.3% |
Summary: Homes in Grainger County had an average of 75 days on market in Oct 2024, up by 95.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Grainger County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 15 homes were sold in Grainger County; 47% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms. 
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
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