Is Dandridge, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Dandridge is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Dandridge has remained a Seller's Market.

Key Takeaway

Dandridge is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Dandridge, TN

How much do homes in Dandridge, TN cost?

Median Sold Price

$355,333

$202/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$30,583(+9.4%)

Key Takeaway

Homes in Dandridge have sold for 9.4% more than they did a year ago.

Summary: The median home sold price in Dandridge was $355,333 in May 2024, up 9.4% from last year, and the median price per square foot was $202.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $410K$373.5K
-8.9%
2 $289.9K$342.5K
+18.1%
3 $327.5K$357K
+9.0%
4 $425K$335K
-21.2%
5+ $880K$725K
-17.6%

Summary: Dandridge housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.9%, 2 bedroom homes increased by 18.1%, 3 bedroom homes increased by 9%, 4 bedroom homes decreased by 21.2%, and 5+ bedroom homes decreased by 17.6%.

Housing Supply in Dandridge, TN

How many homes are available in Dandridge, TN?

Number of Homes For Sale

Apr 2024May 2024CHANGE
105103-1.9%

Summary: The Dandridge real estate market had 103 homes for sale in May 2024, a 1.9% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 21
-50.0%
2 1617
+6.3%
3 7467
-9.5%
4 810
+25.0%
5+ 58
+60.0%

Summary: The Dandridge housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 6.3%, 3 bedroom homes decreased by 9.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 60%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2320-13.0%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Dandridge, you may be able to get a good deal. 55% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in Dandridge in May 2024, down by 13.0% month-over-month. Of the 20 sold homes, 55% were sold under asking, 20% were sold at asking, and 25% were sold over asking.

Days on Market for Dandridge, TN

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

Average Sale Time

May 2023May 2024CHANGE
54 Days51 Days-5.0%

Summary: Homes in Dandridge had an average of 51 days on market in May 2024, down by 5% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 20 homes were sold in Dandridge; 50% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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