Is Dowelltown, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Dowelltown has remained a Seller's Market.
Key Takeaway
Dowelltown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Dowelltown, TN
How much do homes in Dowelltown, TN cost?
Median Sold Price
$265,000
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Dowelltown have sold for 43.2% more than they did a year ago.
Summary: The median home sold price in Dowelltown was $265,000 in March 2024, up 43.2% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | $550K | +266.7% |
| 2 Bedrooms | $166.5K | $180K | +8.1% |
| 3 Bedrooms | $244.9K | $265K | +8.2% |
| 4 Bedrooms | $179.5K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Dowelltown housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 266.7%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 8.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Dowelltown, TN
How many homes are available in Dowelltown, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 9 | -10.0% |
Summary: The Dowelltown real estate market had 9 homes for sale in March 2024, a 10.0% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Dowelltown 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 25%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dowelltown, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Dowelltown in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Dowelltown, TN
How long does it take to sell a home in Dowelltown, TN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 3 Days | 17 Days | +483.3% |
Summary: Homes in Dowelltown had an average of 17 days on market in Mar 2024, up by 483.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Dowelltown are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in Dowelltown; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.