Is Grimsley, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Grimsley is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Grimsley was a Buyer's Market.

Key Takeaway

Grimsley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Grimsley, TN

How much do homes in Grimsley, TN cost?

Median Sold Price

$299,900

$195/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$5,100(-1.7%)

Key Takeaway

Homes in Grimsley have sold for 1.7% less than they did a year ago.

Summary: The median home sold price in Grimsley was $299,900 in October 2024, down 1.7% from last year, and the median price per square foot was $195.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $302K$299.9K
-0.7%
4 --
N/A
5+ $699.5K-
N/A

Summary: Grimsley housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 0.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Grimsley, TN

How many homes are available in Grimsley, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1922+15.8%

Summary: The Grimsley real estate market had 22 homes for sale in October 2024, a 15.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 1417
+21.4%
4 00
0.0%
5+ 44
0.0%

Summary: The Grimsley housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 21.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
15+400.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Grimsley, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Grimsley in October 2024, up by 400.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.

Days on Market for Grimsley, TN

How long does it take to sell a home in Grimsley, TN?

Average Sale Time

Oct 2023Oct 2024CHANGE
7 Days24 Days+245.7%

Summary: Homes in Grimsley had an average of 24 days on market in Oct 2024, up by 245.7% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Grimsley are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 5 homes were sold in Grimsley; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 23 Days Ago

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