Is Etowah, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Etowah has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $86K | - | N/A |
2 Bedrooms | $158.9K | $172.5K | +8.6% |
3 Bedrooms | $187K | $210K | +12.3% |
4 Bedrooms | $299.9K | $280K | -6.6% |
5+ Bedrooms | - | - | 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 2024 | May 2024 | CHANGE |
---|---|---|
41 | 45 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 10 | 11 | +10.0% |
3 Bedrooms | 21 | 23 | +9.5% |
4 Bedrooms | 7 | 7 | 0.0% |
5+ Bedrooms | 2 | 2 | 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 2024 | May 2024 | CHANGE |
---|---|---|
8 | 8 | 0.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
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 2023 | May 2024 | CHANGE |
---|---|---|
31 Days | 35 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
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.