Is DeKalb County, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$290,000
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in DeKalb County was $290,000 in May 2024, up 7.4% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $185K | $350K | +89.2% |
2 Bedrooms | $207.4K | $235K | +13.3% |
3 Bedrooms | $272.5K | $285K | +4.6% |
4 Bedrooms | $356.6K | $372.5K | +4.4% |
5+ Bedrooms | $520K | $490K | -5.8% |
Summary: DeKalb County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 89.2%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes decreased by 5.8%.
Median Sold Price Compared To Nearby Counties
Cannon County | $292.5K | $315K | +7.7% |
DeKalb County | $270K | $290K | +7.4% |
Warren County | $249.9K | $260K | +4.0% |
Putnam County | $320K | $329.3K | +2.9% |
Smith County | $291.8K | $299.9K | +2.8% |
Housing Supply in DeKalb County, TN
How many homes are available in DeKalb County, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
125 | 154 | +23.2% |
Summary: The DeKalb County real estate market had 154 homes for sale in May 2024, a 23.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 18 | 22 | +22.2% |
3 Bedrooms | 78 | 101 | +29.5% |
4 Bedrooms | 19 | 22 | +15.8% |
5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The DeKalb County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 29.5%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
17 | 21 | +23.5% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in DeKalb County in May 2024, up by 23.5% month-over-month. Of the 21 sold homes, 52% were sold under asking, 24% were sold at asking, and 24% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
33 Days | 19 Days | -41.9% |
Summary: Homes in DeKalb County had an average of 19 days on market in May 2024, down by 41.9% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 21 homes were sold in DeKalb County; 86% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.