Is Dallas Bay / Lakeside, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Dallas Bay / Lakeside is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Dallas Bay / Lakeside has remained a Seller's Market.

Key Takeaway

Dallas Bay / Lakeside is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Dallas Bay / Lakeside, TN

How much do homes in Dallas Bay / Lakeside, TN cost?

Median Sold Price

$350,000

$194/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$8,366(+2.4%)

Key Takeaway

Homes in Dallas Bay / Lakeside have sold for 2.4% more than they did a year ago.

Summary: The median home sold price in Dallas Bay / Lakeside was $350,000 in November 2024, up 2.4% from last year, and the median price per square foot was $194.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $232.9K$254K
+9.1%
3 $335K$330K
-1.5%
4 $415.7K$445K
+7.0%
5+ $443.7K$695K
+56.6%

Summary: Dallas Bay / Lakeside housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.1%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 56.6%.

Median Sold Price Compared To Nearby Neighborhoods

Middle Valley
+11.8%
Birchwood
+8.4%
Dallas Bay / Lakeside
+2.4%
Harrison Bay
-5.5%

Housing Supply in Dallas Bay / Lakeside, TN

How many homes are available in Dallas Bay / Lakeside, TN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6966-4.3%

Summary: The Dallas Bay / Lakeside real estate market had 66 homes for sale in November 2024, a 4.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 4544
-2.2%
4 1916
-15.8%
5+ 22
0.0%

Summary: The Dallas Bay / Lakeside housing inventory by bedroom type for November 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 decreased by 2.2%, 4 bedroom homes decreased by 15.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1622+37.5%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Dallas Bay / Lakeside, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in Dallas Bay / Lakeside in November 2024, up by 37.5% month-over-month. Of the 22 sold homes, 45% were sold under asking, 41% were sold at asking, and 14% were sold over asking.

Days on Market for Dallas Bay / Lakeside, TN

How long does it take to sell a home in Dallas Bay / Lakeside, TN?

Average Sale Time

Nov 2023Nov 2024CHANGE
15 Days23 Days+56.3%

Summary: Homes in Dallas Bay / Lakeside had an average of 23 days on market in Nov 2024, up by 56.3% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Dallas Bay / Lakeside are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 22 homes were sold in Dallas Bay / Lakeside; 27% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

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