Is Dandridge, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Dandridge is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Dandridge was a Seller's Market.

Key Takeaway

Dandridge is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Dandridge, TN

How much do homes in Dandridge, TN cost?

Median Sold Price

$359,000

$205/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$10,000(+2.9%)

Key Takeaway

Homes in Dandridge have sold for 2.9% more than they did a year ago.

Summary: The median home sold price in Dandridge was $359,000 in November 2024, up 2.9% from last year, and the median price per square foot was $205.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $278K$600K
+115.8%
2 $309.5K$245K
-20.8%
3 $349.9K$374K
+6.9%
4 $407.5K$355K
-12.9%
5+ $299.9K$727K
+142.4%

Summary: Dandridge housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 115.8%, 2 bedroom homes decreased by 20.8%, 3 bedroom homes increased by 6.9%, 4 bedroom homes decreased by 12.9%, and 5+ bedroom homes increased by 142.4%.

Housing Supply in Dandridge, TN

How many homes are available in Dandridge, TN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
104113+8.7%

Summary: The Dandridge real estate market had 113 homes for sale in November 2024, a 8.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 13
+200.0%
2 1515
0.0%
3 6369
+9.5%
4 1618
+12.5%
5+ 98
-11.1%

Summary: The Dandridge housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes remained the same, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 11.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
119-18.2%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Dandridge, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Dandridge in November 2024, down by 18.2% month-over-month. Of the 9 sold homes, 56% were sold under asking, 33% were sold at asking, and 11% were sold over asking.

Days on Market for Dandridge, TN

How long does it take to sell a home in Dandridge, TN?

Average Sale Time

Nov 2023Nov 2024CHANGE
27 Days70 Days+157.7%

Summary: Homes in Dandridge had an average of 70 days on market in Nov 2024, up by 157.7% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Dandridge are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 9 homes were sold in Dandridge; 44% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 22% 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 21 Days Ago

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