Is Dandridge, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Dandridge has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $410K | $373.5K | -8.9% |
2 Bedrooms | $289.9K | $342.5K | +18.1% |
3 Bedrooms | $327.5K | $357K | +9.0% |
4 Bedrooms | $425K | $335K | -21.2% |
5+ Bedrooms | $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 2024 | May 2024 | CHANGE |
---|---|---|
105 | 103 | -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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 16 | 17 | +6.3% |
3 Bedrooms | 74 | 67 | -9.5% |
4 Bedrooms | 8 | 10 | +25.0% |
5+ Bedrooms | 5 | 8 | +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 2024 | May 2024 | CHANGE |
---|---|---|
23 | 20 | -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
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 2023 | May 2024 | CHANGE |
---|---|---|
54 Days | 51 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
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.