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 November 8, 2022):
As of this update, there are 152 single family homes for sale in Grass Valley. We saw 35 new listings come on the market in October while only 8 homes for sale went pending (down from 45 last month!) and 46 sold. We will continue to watch our local market as it wobbles.
The median days on market was 39, up from 9 a few months before, so sellers need to price more aggressively to adapt. Median sell price was $510k, down from $576k this time last 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. 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, check out the the Nevada City real estate market.
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.
September 2022: 47 new listings while 45 went pending
August 2022: 49 new listings, 57 went pending and 62 sold. Compared to the past few months, demand outpaced supply once more! The median days on market was 32
July 2022: 67 new, 42 homes for sale went pending. The median days on market was 24
May 2022: 87 new listings, 68 went pending and 68 sold. The median days on market was 9.
April 2022: 55 new listings, 40 pending