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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Dayton is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Dayton, TN

How much do homes in Dayton, TN cost?

Median Sold Price

$295,000

$179/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$27,500(+10.3%)

Key Takeaway

Homes in Dayton have sold for 10.3% more than they did a year ago.

Summary: The median home sold price in Dayton was $295,000 in May 2024, up 10.3% from last year, and the median price per square foot was $179.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $85K$132.4K
+55.8%
2 $172.5K$242K
+40.3%
3 $271.9K$291.7K
+7.3%
4 $300K$412.5K
+37.5%
5+ $324.7K$399.9K
+23.2%

Summary: Dayton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 55.8%, 2 bedroom homes increased by 40.3%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes increased by 23.2%.

Housing Supply in Dayton, TN

How many homes are available in Dayton, TN?

Number of Homes For Sale

Apr 2024May 2024CHANGE
10398-4.9%

Summary: The Dayton real estate market had 98 homes for sale in May 2024, a 4.9% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 43
-25.0%
3 6759
-11.9%
4 2320
-13.0%
5+ 815
+87.5%

Summary: The Dayton 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 25%, 3 bedroom homes decreased by 11.9%, 4 bedroom homes decreased by 13%, and 5+ bedroom homes increased by 87.5%.

Number of Homes Sold

Apr 2024May 2024CHANGE
3817-55.3%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Dayton, you may be able to get a good deal. 58.8% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in Dayton in May 2024, down by 55.3% month-over-month. Of the 17 sold homes, 59% were sold under asking, 29% were sold at asking, and 12% were sold over asking.

Days on Market for Dayton, TN

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

Average Sale Time

May 2023May 2024CHANGE
48 Days18 Days-61.2%

Summary: Homes in Dayton had an average of 18 days on market in May 2024, down by 61.2% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 17 homes were sold in Dayton; 41% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 6% 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 4 Days Ago

Newest Listings in Dayton, TN

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