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 March 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

$297,500

$181/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$51,500(+20.9%)

Key Takeaway

Homes in Dayton have sold for 20.9% more than they did a year ago.

Summary: The median home sold price in Dayton was $297,500 in March 2024, up 20.9% from last year, and the median price per square foot was $181.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $90K$129.9K
+44.3%
2 $169K$213.3K
+26.2%
3 $246K$311.2K
+26.5%
4 $426K$314.7K
-26.1%
5+ $324.7K$499.9K
+54.0%

Summary: Dayton housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 44.3%, 2 bedroom homes increased by 26.2%, 3 bedroom homes increased by 26.5%, 4 bedroom homes decreased by 26.1%, and 5+ bedroom homes increased by 54%.

Median Sold Price Compared To Nearby Cities

Graysville
+22.3%
Dayton
+20.9%

Housing Supply in Dayton, TN

How many homes are available in Dayton, TN?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
7288+22.2%

Summary: The Dayton real estate market had 88 homes for sale in March 2024, a 22.2% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 76
-14.3%
3 4654
+17.4%
4 1721
+23.5%
5+ 27
+250.0%

Summary: The Dayton housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 17.4%, 4 bedroom homes increased by 23.5%, and 5+ bedroom homes increased by 250%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
716+128.6%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Dayton, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 16 homes were sold or pending in Dayton in March 2024, up by 128.6% month-over-month. Of the 16 sold homes, 44% were sold under asking, 50% were sold at asking, and 6% 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

Mar 2023Mar 2024CHANGE
33 Days39 Days+15.4%

Summary: Homes in Dayton had an average of 39 days on market in Mar 2024, up by 15.4% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were 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 March 2024, 16 homes were sold in Dayton; 25% of homes were sold within 30 days, 13% 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 25 Days Ago

Newest Listings in Dayton, TN

Nearby Markets to Dayton, TN