Is DeKalb County, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, DeKalb County was a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $200K | $400K | +100.0% |
2 Bedrooms | $195K | $227.5K | +16.7% |
3 Bedrooms | $274.9K | $279K | +1.5% |
4 Bedrooms | $361.4K | $357.5K | -1.1% |
5+ Bedrooms | $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 | $287.5K | $310K | +7.8% |
Warren County | $246.8K | $260K | +5.3% |
DeKalb County | $271K | $280K | +3.3% |
Smith County | $291K | $298.6K | +2.6% |
Putnam County | $319.9K | $324.9K | +1.6% |
Housing Supply in DeKalb County, TN
How many homes are available in DeKalb County, TN?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
97 | 123 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 6 | 8 | +33.3% |
3 Bedrooms | 71 | 91 | +28.2% |
4 Bedrooms | 12 | 17 | +41.7% |
5+ Bedrooms | 7 | 6 | -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 2024 | Feb 2024 | CHANGE |
---|---|---|
12 | 12 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
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 2023 | Feb 2024 | CHANGE |
---|---|---|
57 Days | 56 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
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.