Is Dunlap, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Dunlap was a Seller's Market.
Housing Prices in Dunlap, TN
How much do homes in Dunlap, TN cost?
Median Sold Price
$286,750
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Dunlap was $286,750 in May 2024, up 14.7% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $78K | $212.5K | +172.4% |
2 Bedrooms | $139.9K | $296K | +111.6% |
3 Bedrooms | $260K | $262.5K | +1.0% |
4 Bedrooms | $338K | $479.2K | +41.8% |
5+ Bedrooms | $800K | $658.7K | -17.7% |
Summary: Dunlap housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 172.4%, 2 bedroom homes increased by 111.6%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 41.8%, and 5+ bedroom homes decreased by 17.7%.
Housing Supply in Dunlap, TN
How many homes are available in Dunlap, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
70 | 80 | +14.3% |
Summary: The Dunlap real estate market had 80 homes for sale in May 2024, a 14.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 11 | 8 | -27.3% |
3 Bedrooms | 43 | 48 | +11.6% |
4 Bedrooms | 13 | 20 | +53.8% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Dunlap housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 27.3%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 53.8%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
19 | 7 | -63.2% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Dunlap in May 2024, down by 63.2% month-over-month. Of the 7 sold homes, 57% were sold under asking, 0% were sold at asking, and 43% were sold over asking.
Days on Market for Dunlap, TN
How long does it take to sell a home in Dunlap, TN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
40 Days | 106 Days | +165.0% |
Summary: Homes in Dunlap had an average of 106 days on market in May 2024, up by 165% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in Dunlap; 0% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.