37332
Dayton, Tennessee

The 37332 ZIP code in Dayton shows a median sale price of $230,400 as of February 2026, representing a stark year-over-year decline of 49.9%. Despite this price compression, market velocity remains moderate with homes averaging 69 days on market. Notably, 67% of transactions still close above list price, indicating selective competition for properly priced inventory even as overall values have contracted sharply from prior-year levels.

This environment favors cash buyers and value-focused investors who can absorb the price volatility documented in the annual data. The 67% above-list closing rate means sellers with realistic pricing retain negotiating leverage, while buyers face competition on desirable properties despite the broader price decline. Sellers from the previous cycle face significant equity erosion, making this primarily a market for those without timing pressure or buyers seeking entry at reset valuations.

The PropIQ score of 75 signals neutral conditions with elevated monitoring required given the contradictory data points of price collapse alongside competitive bidding. Watch for stabilization in year-over-year comparisons as the 49.9% decline likely reflects base effects from an inflated 2025 peak. Sustained above-list activity at current price levels would confirm a bottom, while weakening of that 67% metric would suggest further downside ahead.