Is DeKalb County, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing DeKalb County is a buyer's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in DeKalb County, TN

How much do homes in DeKalb County, TN cost?

Median Sold Price

$298,266

$202/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$18,266(+6.5%)

Key Takeaway

Homes in DeKalb County have sold for 6.5% more than they did a year ago.

Summary: The median home sold price in DeKalb County was $298,266 in November 2024, up 6.5% from last year, and the median price per square foot was $202.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $300K$217.4K
-27.5%
2 $217.5K$230.9K
+6.2%
3 $273K$296.4K
+8.6%
4 $359.9K$413.8K
+15.0%
5+ $677.5K$490K
-27.7%

Summary: DeKalb County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 27.5%, 2 bedroom homes increased by 6.2%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 15%, and 5+ bedroom homes decreased by 27.7%.

Median Sold Price Compared To Nearby Counties

Putnam County
+9.9%
Smith County
+7.1%
DeKalb County
+6.5%
Warren County
+4.9%
Cannon County
+1.6%

Housing Supply in DeKalb County, TN

How many homes are available in DeKalb County, TN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1601600.0%

Summary: The DeKalb County real estate market had 160 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 33
0.0%
2 2522
-12.0%
3 9693
-3.1%
4 2528
+12.0%
5+ 1114
+27.3%

Summary: The DeKalb County 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 decreased by 12%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes increased by 12%, and 5+ bedroom homes increased by 27.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2713-51.9%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in DeKalb County, expect to pay close to the asking price. 61.5% of homes here sold near the asking price last month.

Summary: A total of 13 homes were sold or pending in DeKalb County in November 2024, down by 51.9% month-over-month. Of the 13 sold homes, 31% were sold under asking, 62% were sold at asking, and 8% 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

Nov 2023Nov 2024CHANGE
22 Days38 Days+68.8%

Summary: Homes in DeKalb County had an average of 38 days on market in Nov 2024, up by 68.8% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 13 homes were sold in DeKalb County; 54% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 8% 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 20 Days Ago

Newest Listings in DeKalb County, TN

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