The property, a 1,522-square foot bungalow, originally went on the market for $400,000 (£250,000) in 2013, later being re-listed for $400,000 (£260,000) earlier this year.
Local news outlet Curbed Seattle has now reported that the asking price has now dropped again to $329,000 (£210,000).
The reports also claims that the sellers may be experiencing trouble shifting the property as it is “in disrepair and in need of some serious upgrading”.
Without its place in rock history taken into consideration, it has been reported that the house was last valued at less than $67,000 (£42,000).
The property comprises four bedrooms, and also features “marks and drawings” on the walls made by a young Cobain, as well as a hole that a teenage Cobain punched in the wall, and a rug and dining room table which belonged to the Nirvana frontman’s family.
In 2014, a campaign was launched to raise money to turn Cobain’s childhood home into a museum.
Cobain’s parents originally purchased the house in 1969, when the singer was two years old. He lived there until his parents separated when he was nine, and also returned for another stint in the home as a teenager.
See a photo of the house below.