Dandridge's real estate market is experiencing a price correction, with values down 17.6% from last year. Home prices have increased 11.3% in the past month alone. At the current pace, all available homes in Dandridge would sell out in just 1.9 months, indicating a continued supply shortage. Homes are now taking an average of 40 days to sell, significantly longer than the 9 days typical for this market. A significant 26.1% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 33.3% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Dandridge market with the affordability index at 825.9. Based on current market indicators, home prices in Dandridge are projected to decrease by approximately 17.0% over the next month.