Is Dowelltown, 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, Dowelltown was a Seller's Market.
Housing Prices in Dowelltown, TN
How much do homes in Dowelltown, TN cost?
Median Sold Price
$262,450
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Dowelltown was $262,450 in May 2024, up 7.1% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $150K | $550K | +266.7% |
2 Bedrooms | $164K | $290K | +76.8% |
3 Bedrooms | $255K | $259.9K | +1.9% |
4 Bedrooms | $179.5K | - | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Dowelltown housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 266.7%, 2 bedroom homes increased by 76.8%, 3 bedroom homes increased by 1.9%, 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
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 10 | +100.0% |
Summary: The Dowelltown real estate market had 10 homes for sale in May 2024, a 100.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 2 | 6 | +200.0% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Dowelltown housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 200%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Dowelltown in May 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
6 Days | 24 Days | +300.0% |
Summary: Homes in Dowelltown had an average of 24 days on market in May 2024, up by 300% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 1 homes were sold in Dowelltown; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.