Is Sewanee, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Sewanee was a Seller's Market.
Housing Prices in Sewanee, TN
How much do homes in Sewanee, TN cost?
Median Sold Price
$460,000
$255/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Sewanee was $460,000 in April 2024, down 20% from last year, and the median price per square foot was $255.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $322.2K | $451K | +40.0% |
3 Bedrooms | $517.5K | $457K | -11.7% |
4 Bedrooms | $650K | $514.5K | -20.8% |
5+ Bedrooms | - | $699.9K | N/A |
Summary: Sewanee housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 40%, 3 bedroom homes decreased by 11.7%, 4 bedroom homes decreased by 20.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Monteagle | $419.9K | $511.9K | +21.9% |
Monteagle | $515.1K | $515.9K | 0.2% |
Sewanee | $575K | $460K | -20.0% |
Housing Supply in Sewanee, TN
How many homes are available in Sewanee, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 24 | +50.0% |
Summary: The Sewanee real estate market had 24 homes for sale in April 2024, a 50.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 6 | 11 | +83.3% |
4 Bedrooms | 6 | 8 | +33.3% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Sewanee housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 83.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
0 | 3 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Sewanee in April 2024, up by 100.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Sewanee, TN
How long does it take to sell a home in Sewanee, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
2 Days | 40 Days | +1500.0% |
Summary: Homes in Sewanee had an average of 40 days on market in Apr 2024, up by 1500% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Sewanee; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.