Is Grundy County, 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, Grundy County was a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $349K | $260K | -25.5% |
2 Bedrooms | $154.9K | $245K | +58.2% |
3 Bedrooms | $220K | $290K | +31.8% |
4 Bedrooms | $454.6K | $515.9K | +13.5% |
5+ Bedrooms | $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 | $220K | $283.5K | +28.9% |
Grundy County | $265K | $325K | +22.6% |
Warren County | $249.4K | $260.2K | +4.3% |
Coffee County | $289K | $296.6K | +2.6% |
Sequatchie County | $259.9K | $250K | -3.8% |
Housing Supply in Grundy County, TN
How many homes are available in Grundy County, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
89 | 92 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 9 | +12.5% |
2 Bedrooms | 21 | 22 | +4.8% |
3 Bedrooms | 35 | 36 | +2.9% |
4 Bedrooms | 20 | 20 | 0.0% |
5+ Bedrooms | 5 | 5 | 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 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 15 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
44 Days | 54 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
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.