Is Grimsley, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Grimsley was a Seller's Market.
Housing Prices in Grimsley, TN
How much do homes in Grimsley, TN cost?
Median Sold Price
$267,500
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Grimsley was $267,500 in March 2024, down 14.9% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $92.5K | - | N/A |
3 Bedrooms | $311K | $267.5K | -14.0% |
4 Bedrooms | $532.5K | - | N/A |
5+ Bedrooms | $320K | $699.5K | +118.6% |
Summary: Grimsley housing prices by bedroom type for March 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 14%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 118.6%.
Median Sold Price Compared To Nearby Cities
Clarkrange | $227.5K | $250K | +9.9% |
Grimsley | $314.5K | $267.5K | -14.9% |
Housing Supply in Grimsley, TN
How many homes are available in Grimsley, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
23 | 18 | -21.7% |
Summary: The Grimsley real estate market had 18 homes for sale in March 2024, a 21.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 20 | 15 | -25.0% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Grimsley housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 2 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Grimsley in March 2024, down by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
165 Days | 175 Days | +6.4% |
Summary: Homes in Grimsley had an average of 175 days on market in Mar 2024, up by 6.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 2 homes were sold in Grimsley; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.