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 October 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

$193/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$1,250(+0.4%)

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 October 2024, up 0.4% from last year, and the median price per square foot was $193.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $256K$290K
+13.3%
2 $220K$243.5K
+10.7%
3 $290K$226.5K
-21.9%
4 $365K$509.4K
+39.6%
5+ $673.7K$559.9K
-16.9%

Summary: Grundy County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.3%, 2 bedroom homes increased by 10.7%, 3 bedroom homes decreased by 21.9%, 4 bedroom homes increased by 39.6%, and 5+ bedroom homes decreased by 16.9%.

Median Sold Price Compared To Nearby Counties

Marion County
+11.6%
Coffee County
+6.7%
Warren County
+3.8%
Grundy County
0.4%
Sequatchie County
0.4%

Housing Supply in Grundy County, TN

How many homes are available in Grundy County, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
101110+8.9%

Summary: The Grundy County real estate market had 110 homes for sale in October 2024, a 8.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 109
-10.0%
2 2830
+7.1%
3 4142
+2.4%
4 1923
+21.1%
5+ 36
+100.0%

Summary: The Grundy County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
13130.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 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. 61.5% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Grundy County in October 2024, the same as the previous month. Of the 13 sold homes, 62% were sold under asking, 8% were sold at asking, and 31% 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

Oct 2023Oct 2024CHANGE
63 Days56 Days-12.4%

Summary: Homes in Grundy County had an average of 56 days on market in Oct 2024, down by 12.4% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 13 homes were sold in Grundy County; 46% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 31% 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

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