Is Etowah, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$195,000
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Etowah was $195,000 in March 2024, up 7.1% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $82.5K | - | N/A |
2 Bedrooms | $158.9K | $170K | +7.0% |
3 Bedrooms | $191.2K | $209K | +9.3% |
4 Bedrooms | $260.4K | $225K | -13.6% |
5+ Bedrooms | $418K | - | N/A |
Summary: Etowah housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 9.3%, 4 bedroom homes decreased by 13.6%, 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
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
36 | 34 | -5.6% |
Summary: The Etowah real estate market had 34 homes for sale in March 2024, a 5.6% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 13 | 11 | -15.4% |
3 Bedrooms | 18 | 15 | -16.7% |
4 Bedrooms | 3 | 6 | +100.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Etowah housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 15.4%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 8 | -11.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Etowah in March 2024, down by 11.1% month-over-month. Of the 8 sold homes, 38% were sold under asking, 38% were sold at asking, and 25% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
38 Days | 76 Days | +100.7% |
Summary: Homes in Etowah had an average of 76 days on market in Mar 2024, up by 100.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 8 homes were sold in Etowah; 25% 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.