Gray Real Estate

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Gray, Tennessee
Average Home Sizes and Asking Prices

Updated On: March 29, 2017
Zipcode Single Family Home Townhome or Condo
4 BR 3 BR #Lst 3 BR 2 BR #Lst
37615 2,700 sf $305,000 2,100 sf $252,000 90 2,000 sf $168,000 1,400 sf $129,000 19

37615 - 3 Bedroom Homes
# of Listings and Avg Price*
 2 Years Ago  99   $215k
 1 Year Ago  66   $229k
 6 Months Ago   63   $254k
 1 Month Ago  41   $258k
 Today  43   $254k
*Averaged for 3 bedroom active listings

Asking Price in 37615 - 3 Bedroom Single Family Homes
37615 real estate listing price trend

37615 sold real estate price trend
Demographics & Schools Mortgage Calculator Area Map

Gray Real Estate & Homes for Sale in Tennessee

Located in Washington County about 20 minutes southeast from Kingsport is the unincorporated town of Gray, Tennessee. Gray serves as a rural suburban community of Johnson City which is part of the Tri-Cities region that includes Johnson City-Kingsport-Bristol, TN-VA. Originally established as Gray Station as the town once served as a railway depot, Gray has developed from a rural, railway community into a thriving suburban town that has attracted new businesses and future homeowners.

Home to almost 1,400 residents, the community of Gray is the perfect place to raise a family, retire, and come home to after a long day at work. Students are zoned to two local elementary schools, one middle school and one high school. Plenty of fun and recreation can be had at nearby Boone Lake and at the Washington County Fairgrounds, home of the Appalachian Fair and the Appalachian Farmers Market. Gray is perhaps best known for its 5 million year old archeological wonder, the Gray Fossil Site, a site that has produced an eclectic collection of mammal, reptile and fish fossils.

Future homeowners who are thinking about making the move to Gray will be pleased with the community's real estate market, which features an average listing price of approximately $120,000. The market includes a fine selection of condominiums and townhouses, as well as single-family homes.

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Gray Real Estate Market Info - Prices of Houses for Sale in Gray

The real estate market in the suburban community of Gray, Tennessee, includes a great selection of properties, such as Washington County area single-family homes, townhouses, and condos. If you're looking to purchase a property that requires little maintenance, consider taking a look at Gray's condos and townhomes. Prices range between $80,000 for a 2 bedroom/1.5 bathroom residence to $250,000 for a 3 bedroom/3 bathroom condo. Plenty of single-family homes can be found throughout Gray as well, with prices ranging between $80,000 and $685,000. A few land parcels are available for purchase in Gray with prices starting under $200,000.

Gray Real Estate Stats and Trends for the week of March 27th, 2017: homes priced around $251,671 compared to $263,165 the previous week, showing a decrease of less than -5%.  For Wednesday, March 29th, the current national mortgage rate for a 30 year fixed mortgage is 3.98%; the 15 year fixed rate is at 3.16%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.50%, while the 15 year jumbo rate currently is at 4.10%. You can calculate your mortgage rate with our mortgage calculators.  Get local info and homes for sale in Gray TN. View active real estate listings for different types of properties including new homes, houses for sale, foreclosures, short sales, and price reduced listings. Find information and property resources including prices of recently sold homes, neighborhood information, crime stats, home values, and schools in Gray to help you find the best home!

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