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.
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
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
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
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.