With everything going on in the world, making good life decisions means having accurate information. Is it a good time to sell a home in Grass Valley? Is it a smart time to buy one? Let’s take a closer look at what is happening in the local real estate market.
Market Update on Grass Valley Homes for Sale (updated April 15, 2021):
As of this update, there are 77 single family homes for sale in Grass Valley. We saw 31 new listings come on the market in March (that’s several months of declining inventory) while 58 homes for sale went pending. The median sold price in March was $549k, and median days on market was only 12!
We are definitely seeing a decline in inventory! And the trend that started back in May of 2020 is still present now . . . the demand is outpacing the supply. Out here in Grass Valley more homes are going pending than are being listed for sale. This is a great time to move a property that you’ve been considering letting go of . . . and we don’t know how long this window will last.
A note for buyers: It is especially important to have your proof of funds and preapproval from a lender ready to go! This is absolutely the first step in the buying process, now more than ever. With COVID protocols and such low inventory, buyers who have everything ready to go will be in a position to view property and make offers the moment something comes on that suits their needs. Multiple offer situations are common now in the first few days of market time for homes for sale that are priced right. Waiting a few days to see or offer on a property these days means that someone else will snap it up.
Just next door, the Nevada City real estate market is also showing demand outpacing supply!
Whether you are thinking of buying or selling a home in Grass Valley, sign up here to receive our monthly local market update.
Thinking of buying?
Signing up allows you to save property searches and get notified when new listings come on that match your search criteria. Feel free to reach out to us to arrange viewings of Grass Valley homes for sale.
Thinking of selling?
Finding accurate real time info can be tricky when it comes to real estate, because the data is often released weeks later. It takes time for homes to go pending and for sales to close, so there’s a lag before the general public knows the statistics.
In the meantime, sellers trying to decide whether or not it’s a good time to list a Grass Valley home for sale either have to rely on their instincts, or speculative news articles, or the opinion of a broker. (And one of the first forms you sign in California when listing a home for sale is the Market Conditions Advisory, which discloses the reality that no one really knows what the market is going to do!)
We provide local home sellers with real time data so that they can decide if it’s a good time to list their homes for sale in Grass Valley. That means knowing the competition and what sort of market time to expect.
Feel free to reach out to us to learn what your home may be worth, and to talk about listing your Grass Valley home for sale.
February 2021: 18 new listings , 57 homes for sale went pending! The median sold price was $520k, and median days on market was 36.
January 2021: Only 13 new listings but 41 homes for sale went pending. The median sold price in January was $475k, and median days on market was 30.
December 2020: 25 new listings, fewer than both October and November! 63 went pending. The median price in December was $472k, median days on market was 24, up from the month before.
November 2020: 46 new listings, fewer than last month, and 63 went pending. The median price in November was $469k, median days on market was 11.
October 2020: 61 new listings (up from 40 the month before), while 81 went pending in the same month. The median price in October was $484k, median days on market was 12.
September 2020: 40 new listings, while 67 went pending. The median listing price was $495k, median days on market was 16.
August 2020: There were 22 new listings, but 42 went pending in August. The median days on market last month was only 8!
July 2020: 51 new listings came on the market, but 110 homes went pending, at a median list price of $569k.
June 2020: 58 new listings, while 75 homes went pending. The median listing price for June was $536k.)
May/June 2020: There were 180 homes for sale in Grass Valley. We saw 49 new listings in May. From May 1st to mid-June, 93 properties went pending, with a median listing price of $439k. The median Days on Market (before accepting an offer) for those homes was 17.