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 December 29, 2021):
As of this update, there are 81 single family homes for sale in Grass Valley. We saw only 18 new listings come on the market in November while 26 homes for sale went pending. Supply is low again! The median sold price in was $555,000, and median days on market was 19.
This is still 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, as the action slowed down a little this past month for the first time in over a year.
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.
October 2021: 35 new listings come on the market, 26 homes went pending. This is the second month in a row that supply has met demand since early 2020! The median sold price in was $512k, and median days on market was 10.
September 2021: 44 new listings come on the market while 41 went pending. This is the first time supply has met demand since early 2020! The median sold price in was $525k, and median days on market was 14.
August 2021: 25 new listings/50 pending. The median sold price $500k, and median days on market was only 10!
July 2021: 36 new listings come on the market, 50 homes for sale went pending. median sold price was $520k, and median days on market was still 9!
June 2021: 51 new listings come on the market, 81 homes for sale went pending, median sold price $568k, and median days on market was only 9!
May 2021: 24 new listings, while 45 homes for sale went pending.
April 2021: 33 new listings, 68 homes for sale went pending. The median sold price was $510k, and median days on market was only 9!