Pelham Housing Market Report February 2025•Grundy County, Tennessee

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Housing Prices in Pelham, TN

How much do homes in Pelham, TN cost?

Median List Price

Median List Price
This is the middle price for which all homes in a given area are listed. Half of all the homes sold were below this price, and half were above.
$440,500$182/SqFt
-$81,750
-15.7%

Based on all homes listed in February 2025

Insight

The list price of homes in Pelham has decreased by 15.7% since January.

Summary: The median home list price in Pelham was $440,500 in February 2025, down 15.7% from the previous month, and the median price per square foot was $182.

Median List Price By Bedrooms

Median List Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2025Feb 2025Change MoM
1--
N/A
2$270K$292.4K
+8.3%
3$347.7K$347.7K
0.0%
4$977K$977K
0.0%
5$654K$654K
0.0%

Summary: Pelham housing price by bedroom type for February 2025, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +8.3%. The home price for 3 bedroom homes did not change. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

How does Pelham, TN compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Pelham, TN

Housing supply in Pelham, TN

How many homes are available in Pelham, TN?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
7Last MonthFeb 2025
62 months agoJan 2025
+16.7 %
Change MoMJan – Feb

Summary: The Pelham real estate market had 7 homes for sale in Feb 2025, a 16.7 % increase compared to Jan 2025.

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJan 2025Feb 2025Change MoM
100
0.0%
422
0.0%
511
0.0%
212
+100.0%
322
0.0%

Summary: Pelham housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +100.0%. The inventory for 3 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Pelham, TN cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price1 Home

At Asking Price0 Home

Under Asking Price0 Home

Insight

If you're buying a home in Pelham, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Pelham in February 2025, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and and 100% were sold over asking.

Days on Market for Pelham, TN

How long does it take to sell a home in Pelham, TN?

Breakdown of Home Sale Times

Under 30 Days1 Home

30 – 90 Days0 Home

Over 90 Days0 Home

Insight

Many homes in Pelham are selling fast, if you're buying plan to act quickly.

Summary: During February 2025, 1 homes were sold in Pelham; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Listing Age

Average Listing Age
This is the average number of days an active home has been on the market.
Last Month1 month agoChange MoM
133 DaysLast MonthFeb 2025
130 Days1 month agoJan 2025
+2.1 %
Change MoMJan – Feb

Summary: Homes in Pelham had an average listing age of 133 days in Feb 2025, up by 2.1% compared to the previous month.

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Newest Listings in Pelham, TN

What homes are available in Pelham, TN?

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MLS Disclaimers and Copyright

Based on information from RealTracs Middle Tennessee Regional MLS, for the period 01/01/2025 - 03/01/2025

IDX Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.

IDX© 2025 of the REALTRACS MLS. All rights Reserved.

The data relating to this real estate for sale on this websites comes in part courtesy of the IDX program of the REALTRACS MLS. Real estate listings held by brokerage firms other than this broker are marked with the REALTRACS IDX Logo. REALTRACS and this broker deem all information reliable but not guaranteed, and should be independently verified. REALTRACS and this broker assume no responsibility for typographical errors, misprints or misinformation.

REALTRACS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/12/2025, 4:18:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.