Is Grundy County, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Grundy County is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Grundy County was a Seller's Market.

Key Takeaway

Grundy County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Grundy County, TN

How much do homes in Grundy County, TN cost?

Median Sold Price

$290,000

$190/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since November 2023.

Key Takeaway

The sold price of homes in Grundy County has remained the same since last year.

Summary: The median home sold price in Grundy County was $290,000 in November 2024, the same as last year, and the median price per square foot was $190.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $256K$290K
+13.3%
2 $275K$232K
-15.6%
3 $288.7K$246.2K
-14.7%
4 $365K$529.9K
+45.2%
5+ $752.5K$567.3K
-24.6%

Summary: Grundy County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.3%, 2 bedroom homes decreased by 15.6%, 3 bedroom homes decreased by 14.7%, 4 bedroom homes increased by 45.2%, and 5+ bedroom homes decreased by 24.6%.

Median Sold Price Compared To Nearby Counties

Marion County
+12.8%
Sequatchie County
+6.3%
Coffee County
+6.2%
Warren County
+4.9%
Grundy County
0.0%

Housing Supply in Grundy County, TN

How many homes are available in Grundy County, TN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
108109+0.9%

Summary: The Grundy County real estate market had 109 homes for sale in November 2024, a 0.9% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 109
-10.0%
2 3026
-13.3%
3 4544
-2.2%
4 2023
+15.0%
5+ 37
+133.3%

Summary: The Grundy County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10%, 2 bedroom homes decreased by 13.3%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes increased by 15%, and 5+ bedroom homes increased by 133.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
148-42.9%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Grundy County, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Grundy County in November 2024, down by 42.9% month-over-month. Of the 8 sold homes, 63% were sold under asking, 38% were sold at asking, and 0% 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

Nov 2023Nov 2024CHANGE
62 Days59 Days-6.2%

Summary: Homes in Grundy County had an average of 59 days on market in Nov 2024, down by 6.2% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Grundy County has remained consistent over time.

Summary: During November 2024, 8 homes were sold in Grundy County; 13% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 25% 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 20 Days Ago

Newest Listings in Grundy County, TN

Nearby Markets to Grundy County, TN

What housing markets are near Grundy County, TN?