Is Sweetwater, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Sweetwater has remained a Seller's Market.
Housing Prices in Sweetwater, TN
How much do homes in Sweetwater, TN cost?
Median Sold Price
$259,450
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Sweetwater was $259,450 in April 2024, up 16.3% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $131K | $129K | -1.5% |
2 Bedrooms | $179.9K | $200K | +11.2% |
3 Bedrooms | $236.5K | $259.9K | +9.9% |
4 Bedrooms | $295K | $355K | +20.3% |
5+ Bedrooms | $422.5K | $465K | +10.1% |
Summary: Sweetwater housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.5%, 2 bedroom homes increased by 11.2%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 20.3%, and 5+ bedroom homes increased by 10.1%.
Housing Supply in Sweetwater, TN
How many homes are available in Sweetwater, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
58 | 65 | +12.1% |
Summary: The Sweetwater real estate market had 65 homes for sale in April 2024, a 12.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 10 | 9 | -10.0% |
3 Bedrooms | 32 | 38 | +18.8% |
4 Bedrooms | 9 | 9 | 0.0% |
5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Sweetwater housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 18.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 15 | +15.4% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Sweetwater in April 2024, up by 15.4% month-over-month. Of the 15 sold homes, 60% were sold under asking, 13% were sold at asking, and 27% were sold over asking.
Days on Market for Sweetwater, TN
How long does it take to sell a home in Sweetwater, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
55 Days | 91 Days | +66.0% |
Summary: Homes in Sweetwater had an average of 91 days on market in Apr 2024, up by 66% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 15 homes were sold in Sweetwater; 40% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.