Is Deer Lodge, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Deer Lodge is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Deer Lodge was a Buyer's Market.

Key Takeaway

Deer Lodge is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Deer Lodge, TN

How much do homes in Deer Lodge, TN cost?

Median Sold Price

$379,950

$174/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

+$4,950(+1.3%)

Key Takeaway

Homes in Deer Lodge have sold for 1.3% more than they did a month ago.

Summary: The median home sold price in Deer Lodge was $379,950 in September 2024, up 1.3% from last month, and the median price per square foot was $174.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 --
N/A
2 --
N/A
3 $375K$259.9K
-30.7%
4 --
N/A
5+ -$500K
N/A

Summary: Deer Lodge housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 30.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Deer Lodge
+1.3%
Clarkrange
-19.9%

Housing Supply in Deer Lodge, TN

How many homes are available in Deer Lodge, TN?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
1817-5.6%

Summary: The Deer Lodge real estate market had 17 homes for sale in September 2024, a 5.6% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 11
0.0%
3 1211
-8.3%
4 00
0.0%
5+ 55
0.0%

Summary: The Deer Lodge housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 8.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Deer Lodge, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Deer Lodge in September 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Deer Lodge, TN

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

Average Sale Time

Aug 2024Sep 2024CHANGE
120 Days25 Days-79.2%

Summary: Homes in Deer Lodge had an average of 25 days on market in Sep 2024, down by 79.2% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 4 homes were sold in Deer Lodge; 75% of homes were sold within 30 days, 25% 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 30 Days Ago

Newest Listings in Deer Lodge, TN

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