Is Dandridge, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Dandridge has remained a Seller's Market.
Housing Prices in Dandridge, TN
How much do homes in Dandridge, TN cost?
Median Sold Price
$350,000
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Dandridge was $350,000 in April 2024, up 2.9% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $570K | $306K | -46.3% |
2 Bedrooms | $300K | $350K | +16.7% |
3 Bedrooms | $341.1K | $350K | +2.6% |
4 Bedrooms | $512.5K | $340K | -33.7% |
5+ Bedrooms | $920K | $299.9K | -67.4% |
Summary: Dandridge housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 46.3%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 2.6%, 4 bedroom homes decreased by 33.7%, and 5+ bedroom homes decreased by 67.4%.
Housing Supply in Dandridge, TN
How many homes are available in Dandridge, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
90 | 98 | +8.9% |
Summary: The Dandridge real estate market had 98 homes for sale in April 2024, a 8.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 14 | 16 | +14.3% |
3 Bedrooms | 59 | 69 | +16.9% |
4 Bedrooms | 10 | 8 | -20.0% |
5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Dandridge housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 16.9%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 20 | +81.8% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Dandridge in April 2024, up by 81.8% month-over-month. Of the 20 sold homes, 70% were sold under asking, 15% were sold at asking, and 15% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
31 Days | 81 Days | +160.1% |
Summary: Homes in Dandridge had an average of 81 days on market in Apr 2024, up by 160.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 20 homes were sold in Dandridge; 25% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.