You can achieve this by following way
<script type="text/javascript">
function GetPriviousValue()
{
var currentValue = $(".ddlList").val();
var previousValue = $("#hdnPreviousValue").val();
if (previousValue != "")
{
alert("CurrentValue : " + currentValue + " PreviousValue : " + previousValue);
}
else
{
alert("CurrentValue : " + currentValue + " And FirstTime Dropdown Value is selected.");
$("#hdnPreviousValue").val(currentValue);
}
}
</script>
<input type="hidden" id="hdnPreviousValue" />
<asp:dropdownlist id="ddlList" cssclass="ddlList" runat="server" xmlns:asp="#unknown">
<asp:listitem value="abc" text="abc"></asp:listitem>
<asp:listitem value="xyz" text="xyz"></asp:listitem>
<asp:listitem value="pqr" text="pqr"></asp:listitem>
<asp:listitem value="asd" text="asd"></asp:listitem>
<asp:listitem value="ytr" text="ytr"></asp:listitem>
<asp:listitem value="mnb" text="mnb"></asp:listitem>
<asp:listitem value="uio" text="uio"></asp:listitem>
</asp:dropdownlist>
<input type="button" id="btnOK" onclick="GetPriviousValue()" />
Try this one, It is definitely work for you.