Is Grainger County, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Grainger County has remained a Buyer's Market.
Key Takeaway
Grainger County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Grainger County, TN
How much do homes in Grainger County, TN cost?
Median Sold Price
$274,625
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Grainger County have sold for 2% more than they did a year ago.
Summary: The median home sold price in Grainger County was $274,625 in April 2024, up 2% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $433K | $235.5K | -45.6% |
| 2 Bedrooms | $200.5K | $228.9K | +14.2% |
| 3 Bedrooms | $269K | $260K | -3.3% |
| 4 Bedrooms | $349K | $650K | +86.2% |
| 5+ Bedrooms | $337.5K | $471.9K | +39.8% |
Summary: Grainger County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 45.6%, 2 bedroom homes increased by 14.2%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes increased by 86.2%, and 5+ bedroom homes increased by 39.8%.
Median Sold Price Compared To Nearby Counties
| Jefferson County | $300.9K | $325K | +8.0% |
| Union County | $284.5K | $298.4K | +4.9% |
| Hamblen County | $274.9K | $281.2K | +2.3% |
| Grainger County | $269.3K | $274.6K | +2.0% |
| Claiborne County | $227.9K | $229.6K | +0.7% |
Housing Supply in Grainger County, TN
How many homes are available in Grainger County, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 113 | 111 | -1.8% |
Summary: The Grainger County real estate market had 111 homes for sale in April 2024, a 1.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 21 | 20 | -4.8% |
| 3 Bedrooms | 72 | 74 | +2.8% |
| 4 Bedrooms | 10 | 7 | -30.0% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Grainger County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 4.8%, 3 bedroom homes increased by 2.8%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 15 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Grainger County, expect to pay close to the asking price. 53.3% of homes here sold near the asking price last month.
Summary: A total of 15 homes were sold or pending in Grainger County in April 2024, the same as the previous month. Of the 15 sold homes, 27% were sold under asking, 53% were sold at asking, and 20% were sold over asking.
Days on Market for Grainger County, TN
How long does it take to sell a home in Grainger County, TN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 68 Days | 56 Days | -17.3% |
Summary: Homes in Grainger County had an average of 56 days on market in Apr 2024, down by 17.3% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Grainger County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 15 homes were sold in Grainger County; 53% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms. 
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Greater Chattanooga Association of Realtors®. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Copyright© 2024 Greater Chattanooga Association of REALTORS®.