Is Deer Lodge, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Deer Lodge is a seller's market

Buyer's
Market

Difference Since November 2021

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

Key Takeaway

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

How much do homes in Deer Lodge, TN cost?

Median Sold Price

$252,500

$149/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$13,500(+5.6%)

Key Takeaway

Homes in Deer Lodge have sold for 5.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $153.2K$170K
+10.9%
2 $122.5K$379.9K
+210.1%
3 $325K$231.2K
-28.8%
4 $239K$315K
+31.8%
5+ $269K-
N/A

Median Sold Price Compared To Nearby Cities

Clarkrange
+24.4%
Deer Lodge
+5.6%

How many homes are available in Deer Lodge, TN?

Number of Homes For Sale

Oct 2022Nov 2022%
1416+14.3%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 23
+50.0%
2 22
0.0%
3 99
0.0%
4 01
+100.0%
5+ 11
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
03+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Deer Lodge, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Deer Lodge, TN

Deer Lodge, TN has 16 homes for sale to choose from. The number of homes for sale in Deer Lodge, TN increased by 14.3% between October 2022 and November 2022. From October 2022 through November 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 10.9%, 2 bedrooms properties became 210.1% more expensive, 3 bedrooms properties prices decreased by 28.8%, 4 bedrooms properties became 31.8% more expensive, prices of 5 bedrooms properties increased by 0%. This housing market inventory have changed: 1 bedroom homes inventory increased by 50%, number of 2 bedrooms homes remained the same, number of 3 bedrooms homes remained the same, 4 bedrooms homes became 100% more available, 5 bedrooms homes did not move. While more than 1 listings in Deer Lodge, TN in November 2022 were sold above asking price, there were more than 1 listings sold at asking price, and more than 1 were sold below.

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