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 neutral's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

Grundy County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Grundy County, TN

How much do homes in Grundy County, TN cost?

Median Sold Price

$325,000

$199/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$60,000(+22.6%)

Key Takeaway

Homes in Grundy County have sold for 22.6% more than they did a year ago.

Summary: The median home sold price in Grundy County was $325,000 in March 2024, up 22.6% from last year, and the median price per square foot was $199.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $349K$260K
-25.5%
2 $154.9K$245K
+58.2%
3 $220K$290K
+31.8%
4 $454.6K$515.9K
+13.5%
5+ $392.5K$605.6K
+54.3%

Summary: Grundy County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.5%, 2 bedroom homes increased by 58.2%, 3 bedroom homes increased by 31.8%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes increased by 54.3%.

Median Sold Price Compared To Nearby Counties

Marion County
+28.9%
Grundy County
+22.6%
Warren County
+4.3%
Coffee County
+2.6%
Sequatchie County
-3.8%

Housing Supply in Grundy County, TN

How many homes are available in Grundy County, TN?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
8992+3.4%

Summary: The Grundy County real estate market had 92 homes for sale in March 2024, a 3.4% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 89
+12.5%
2 2122
+4.8%
3 3536
+2.9%
4 2020
0.0%
5+ 55
0.0%

Summary: The Grundy County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 2.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1415+7.1%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

3 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. 53.3% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in Grundy County in March 2024, up by 7.1% month-over-month. Of the 15 sold homes, 53% were sold under asking, 27% were sold at asking, and 20% 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

Mar 2023Mar 2024CHANGE
44 Days54 Days+23.8%

Summary: Homes in Grundy County had an average of 54 days on market in Mar 2024, up by 23.8% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

3 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 March 2024, 15 homes were sold in Grundy County; 33% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% 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 24 Days Ago

Newest Listings in Grundy County, TN

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