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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Grimsley is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Grimsley was a Seller's Market.

Key Takeaway

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

Housing Prices in Grimsley, TN

How much do homes in Grimsley, TN cost?

Median Sold Price

$350,000

$233/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

+$95,050(+37.3%)

Key Takeaway

Homes in Grimsley have sold for 37.3% more than they did a month ago.

Summary: The median home sold price in Grimsley was $350,000 in September 2024, up 37.3% from last month, and the median price per square foot was $233.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 --
N/A
2 --
N/A
3 $254.9K$350K
+37.3%
4 --
N/A
5+ --
N/A

Summary: Grimsley housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 37.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Grimsley
+37.3%
Clarkrange
-19.9%

Housing Supply in Grimsley, TN

How many homes are available in Grimsley, TN?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
2218-18.2%

Summary: The Grimsley real estate market had 18 homes for sale in September 2024, a 18.2% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 11
0.0%
3 1713
-23.5%
4 00
0.0%
5+ 44
0.0%

Summary: The Grimsley housing inventory by bedroom type for September 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 23.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
41-75.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were 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. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Grimsley in September 2024, down by 75.0% month-over-month. Of the 1 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

Aug 2024Sep 2024CHANGE
36 Days185 Days+403.4%

Summary: Homes in Grimsley had an average of 185 days on market in Sep 2024, up by 403.4% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Grimsley are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During September 2024, 1 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.

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

Report Updated 30 Days Ago

Newest Listings in Grimsley, TN

Nearby Markets to Grimsley, TN

What housing markets are near Grimsley, TN?