Is DeKalb County, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing DeKalb County is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, DeKalb County was a Seller's Market.

Key Takeaway

DeKalb County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in DeKalb County, TN

How much do homes in DeKalb County, TN cost?

Median Sold Price

$280,000

$195/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$9,000(+3.3%)

Key Takeaway

Homes in DeKalb County have sold for 3.3% more than they did a year ago.

Summary: The median home sold price in DeKalb County was $280,000 in February 2024, up 3.3% from last year, and the median price per square foot was $195.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $200K$400K
+100.0%
2 $195K$227.5K
+16.7%
3 $274.9K$279K
+1.5%
4 $361.4K$357.5K
-1.1%
5+ $604K$590K
-2.3%

Summary: DeKalb County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 1.5%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes decreased by 2.3%.

Median Sold Price Compared To Nearby Counties

Cannon County
+7.8%
Warren County
+5.3%
DeKalb County
+3.3%
Smith County
+2.6%
Putnam County
+1.6%

Housing Supply in DeKalb County, TN

How many homes are available in DeKalb County, TN?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
97123+26.8%

Summary: The DeKalb County real estate market had 123 homes for sale in February 2024, a 26.8% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 68
+33.3%
3 7191
+28.2%
4 1217
+41.7%
5+ 76
-14.3%

Summary: The DeKalb County housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 28.2%, 4 bedroom homes increased by 41.7%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
12120.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in DeKalb County, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in DeKalb County in February 2024, the same as the previous month. Of the 12 sold homes, 42% were sold under asking, 25% were sold at asking, and 33% were sold over asking.

Days on Market for DeKalb County, TN

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

Average Sale Time

Feb 2023Feb 2024CHANGE
57 Days56 Days-1.3%

Summary: Homes in DeKalb County had an average of 56 days on market in Feb 2024, down by 1.3% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 12 homes were sold in DeKalb County; 67% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 25% 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 27 Days Ago

Newest Listings in DeKalb County, TN

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