Is Etowah, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Etowah is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Etowah has remained a Seller's Market.

Key Takeaway

Etowah is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Etowah, TN

How much do homes in Etowah, TN cost?

Median Sold Price

$207,500

$156/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$22,550(+12.2%)

Key Takeaway

Homes in Etowah have sold for 12.2% more than they did a year ago.

Summary: The median home sold price in Etowah was $207,500 in May 2024, up 12.2% from last year, and the median price per square foot was $156.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $86K-
N/A
2 $158.9K$172.5K
+8.6%
3 $187K$210K
+12.3%
4 $299.9K$280K
-6.6%
5+ --
N/A

Summary: Etowah housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 12.3%, 4 bedroom homes decreased by 6.6%, and 5+ bedroom homes did not change.

Housing Supply in Etowah, TN

How many homes are available in Etowah, TN?

Number of Homes For Sale

Apr 2024May 2024CHANGE
4145+9.8%

Summary: The Etowah real estate market had 45 homes for sale in May 2024, a 9.8% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 12
+100.0%
2 1011
+10.0%
3 2123
+9.5%
4 77
0.0%
5+ 22
0.0%

Summary: The Etowah housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 9.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
880.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Etowah, you may be able to get a good deal. 87.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Etowah in May 2024, the same as the previous month. Of the 8 sold homes, 88% were sold under asking, 0% were sold at asking, and 13% were sold over asking.

Days on Market for Etowah, TN

How long does it take to sell a home in Etowah, TN?

Average Sale Time

May 2023May 2024CHANGE
31 Days35 Days+10.2%

Summary: Homes in Etowah had an average of 35 days on market in May 2024, up by 10.2% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Etowah are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 8 homes were sold in Etowah; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Etowah, TN

Nearby Markets to Etowah, TN