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Is Grimsley, TN 38565 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Grimsley is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply6.4Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list89.7%Sold price ÷ list price
Median days on market143Listing to accepted offer
Median price per sq ft$199▼ −10.2% vs. last year

The Grimsley housing market right now

In the three months ending August 31, 2026, 0% of homes in Grimsley, TN 38565 sold above their list price, the typical home went under contract in 143 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 5 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking fell from 9%, homes sold more slowly (56 days then) and the median sale price rose 9% to $373,838. Overall, Grimsley is less competitive than a year ago, which gives buyers more room.

Nearby, Jamestown 38556 (16% sold over asking) is even more competitive.

Run the numbers for 38565

Prefilled for 38565Can I win this house?Multiple-offer likelihood for a listing Prefilled for 38565Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Allardt 38504Buyer’s market $308 /sq ftClarkrange 38553Balanced $219 /sq ftJamestown 38556Buyer’s market $200 /sq ftWilder 38589 — /sq ft Browse all markets →

Towns like Grimsley nearby

Find towns like Grimsley in other states →
Crab Orchard, TN37723 · 23 miles away79% similarcheaper homes ($29K less) · younger residents Monroe, TN38573 · 19 miles away76% similarlarger · 7 min longer commute Hilham, TN38568 · 27 miles away76% similarlarger · 7 min longer commute Rickman, TN38580 · 17 miles away74% similarpricier homes ($50K more) · more renters

Where Grimsley is

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Questions about Grimsley real estate

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

A buyer’s market: there were 6.4 months of supply in Grimsley, TN 38565 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Grimsley?

The typical home went under contract in 143 days in the latest three months.

Do homes in Grimsley sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 89.7% of the list price.

What are property taxes in Grimsley?

About 0.32% of a home’s value a year in Fentress County, or roughly $1,280 on a $400,000 home.

What is the median home price in Grimsley?

The median sale price was $373,838 in the three months ending August 31, 2026, about $199 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology