Is Sweetwater, 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, Sweetwater has remained a Seller's Market.
Housing Prices in Sweetwater, TN
How much do homes in Sweetwater, TN cost?
Median Sold Price
$259,900
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Sweetwater was $259,900 in March 2024, up 18.1% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $131K | $129K | -1.5% |
2 Bedrooms | $179.9K | $199.9K | +11.1% |
3 Bedrooms | $229K | $264.5K | +15.5% |
4 Bedrooms | $295K | $320K | +8.5% |
5+ Bedrooms | $422.5K | $452.5K | +7.1% |
Summary: Sweetwater housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.5%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 15.5%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 7.1%.
Housing Supply in Sweetwater, TN
How many homes are available in Sweetwater, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
60 | 54 | -10.0% |
Summary: The Sweetwater real estate market had 54 homes for sale in March 2024, a 10.0% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 9 | 10 | +11.1% |
3 Bedrooms | 41 | 31 | -24.4% |
4 Bedrooms | 7 | 7 | 0.0% |
5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The Sweetwater 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 increased by 11.1%, 3 bedroom homes decreased by 24.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 12 | -25.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Sweetwater in March 2024, down by 25.0% month-over-month. Of the 12 sold homes, 75% were sold under asking, 8% were sold at asking, and 17% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
45 Days | 31 Days | -32.0% |
Summary: Homes in Sweetwater had an average of 31 days on market in Mar 2024, down by 32% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 12 homes were sold in Sweetwater; 50% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.