Gray, TN Foreclosures
Current Market Conditions in in Gray, TN As of February 2026?
Over the past month, the Gray real estate market has seen a slight uptick in activity, with an increase in the number of homes sold. The average selling price has risen by about 3%, as more buyers are drawn to the area's desirable neighborhoods and community amenities. Inventory levels remain stable, making it a good time for both buyers and sellers to consider opportunities in the market.
How much do homes sell for in Gray, TN?
The average home price is currently $367,361.
In Gray, TN, how many homes are available?
There are currently 3 active home listings available in Gray.
What’s the average rental cost in Gray, TN?
The average rental price in Gray is $1,304.
What is the most expensive home in Gray?
The most expensive home sold in Gray had a price of $11,430,391.
What is currently the cheapest priced home in Gray, TN?
The cheapest home for sale in Gray is priced at $13,864.
Living in Gray, TN
Gray, TN is a serene suburban community that offers a blend of picturesque landscapes and a welcoming atmosphere. It's ideal for families and individuals seeking a quiet lifestyle while still having access to nearby cities like Johnson City and Kingsport. Enjoy outdoor activities, well-rated schools, and local amenities that make life in Gray both comfortable and convenient.
Buyer vs Seller Market in Gray, TN
The real estate market in Gray, TN is currently experiencing steady growth, with a balanced mix of buyers and sellers. The demand for homes remains strong due to the area's family-friendly environment and access to good schools. Average home prices have seen a modest increase over the past few months, signaling a healthy market.
Properties in Gray are relatively affordable compared to urban centers, appealing to first-time buyers and investors. The market is characterized by a variety of home types, including single-family homes, townhouses, and new developments. Favorable interest rates further support the buying trend, leading to competitive offerings.
Home Value Estimator For Gray, TN
There are currently 6,958 real estate properties
in Gray, TN,
with a median automated valuation model (AVM) price
of $303,025.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Gray, TN, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Gray, TN,
is $367,361.00, with the most expensive house
in Gray, TN, topping out
at $11,430,391.00 and the cheapest home
in Gray, TN,
clocking in at $13,864.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Gray, TN!
Rent Prices
In Gray, TN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Gray, TN, is on
a rollercoaster ride. The
average rent price in Gray, TN,
is $1,304.00. Indeed, when looking to rent in
Gray, TN, you can expect to pay as little
as $570.00 or as much
as $2,320.00,
with the average rent median estimated to
be $1,280.00. The good news is that finding
an affordable and desirable property to rent in Gray, TN
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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