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Is Dowelltown, TN 37059 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Dowelltown is a buyer’s market. With about 12.8 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply12.8Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list100%Sold price ÷ list price
Median days on market25Listing to accepted offer
Median price per sq ft$144▼ −31.1% vs. last year

The Dowelltown housing market right now

In the three months ending August 31, 2026, 0% of homes in Dowelltown, TN 37059 sold above their list price, the typical home went under contract in 25 days and there were 12.8 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 2 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (56 days then) and the median sale price fell 45% to $233,099. Overall, Dowelltown is more competitive than a year ago, so tougher for buyers.

Nearby, Alexandria 37012 (14% sold over asking) and Smithville 37166 (8% sold over asking) are even more competitive.

Run the numbers for 37059

Prefilled for 37059Can I win this house?Multiple-offer likelihood for a listing Prefilled for 37059Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Alexandria 37012Seller’s market $204 /sq ftLiberty 37095Buyer’s market $212 /sq ftSmithville 37166Buyer’s market $209 /sq ft Browse all markets →

Towns like Dowelltown nearby

Find towns like Dowelltown in other states →
Carthage, TN37030 · 21 miles away77% similarlarger Alexandria, TN37012 · 10 miles away71% similar10 min longer commute · more apartments and townhomes Bloomington Springs, TN38545 · 22 miles away70% similarcheaper homes ($114K less) · 7 min longer commute Whitleyville, TN38588 · 39 miles away70% similarsmaller · more homeowners

Where Dowelltown is

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Questions about Dowelltown real estate

Is Dowelltown a buyer’s or seller’s market?

A buyer’s market: there were 12.8 months of supply in Dowelltown, TN 37059 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Dowelltown?

The typical home went under contract in 25 days in the latest three months.

Do homes in Dowelltown sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 100.0% of the list price.

What are property taxes in Dowelltown?

About 0.35% of a home’s value a year in DeKalb County, or roughly $1,400 on a $400,000 home.

What is the median home price in Dowelltown?

The median sale price was $233,099 in the three months ending August 31, 2026, about $144 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology