Is Dayton, 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, Dayton has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $85K | $132.4K | +55.8% |
2 Bedrooms | $172.5K | $242K | +40.3% |
3 Bedrooms | $271.9K | $291.7K | +7.3% |
4 Bedrooms | $300K | $412.5K | +37.5% |
5+ Bedrooms | $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 2024 | May 2024 | CHANGE |
---|---|---|
103 | 98 | -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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 4 | 3 | -25.0% |
3 Bedrooms | 67 | 59 | -11.9% |
4 Bedrooms | 23 | 20 | -13.0% |
5+ Bedrooms | 8 | 15 | +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 2024 | May 2024 | CHANGE |
---|---|---|
38 | 17 | -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
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 2023 | May 2024 | CHANGE |
---|---|---|
48 Days | 18 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
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.