Is DeKalb County, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$285,000
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in DeKalb County was $285,000 in April 2024, up 5.4% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $185K | $400K | +116.2% |
2 Bedrooms | $184.7K | $232K | +25.6% |
3 Bedrooms | $274.9K | $280K | +1.9% |
4 Bedrooms | $351K | $400K | +14.0% |
5+ Bedrooms | $615K | $284.9K | -53.7% |
Summary: DeKalb County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 116.2%, 2 bedroom homes increased by 25.6%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 14%, and 5+ bedroom homes decreased by 53.7%.
Median Sold Price Compared To Nearby Counties
Cannon County | $290K | $310K | +6.9% |
DeKalb County | $270.5K | $285K | +5.4% |
Warren County | $249.3K | $260K | +4.3% |
Putnam County | $319.6K | $329.7K | +3.1% |
Smith County | $291.6K | $300K | +2.9% |
Housing Supply in DeKalb County, TN
How many homes are available in DeKalb County, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
131 | 133 | +1.5% |
Summary: The DeKalb County real estate market had 133 homes for sale in April 2024, a 1.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 12 | 18 | +50.0% |
3 Bedrooms | 93 | 86 | -7.5% |
4 Bedrooms | 18 | 19 | +5.6% |
5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The DeKalb County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 7.5%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
23 | 17 | -26.1% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 17 homes were sold or pending in DeKalb County in April 2024, down by 26.1% month-over-month. Of the 17 sold homes, 53% were sold under asking, 41% were sold at asking, and 6% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
41 Days | 31 Days | -22.9% |
Summary: Homes in DeKalb County had an average of 31 days on market in Apr 2024, down by 22.9% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 17 homes were sold in DeKalb County; 53% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.