Is Sweetwater, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sweetwater is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, Sweetwater has remained a Seller's Market.

Key Takeaway

Sweetwater is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Sweetwater, TN cost?

Median Sold Price

$215,000

$134/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$42,000(+24.3%)

Key Takeaway

Homes in Sweetwater have sold for 24.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $100.2K-
N/A
2 $132.5K$174K
+31.3%
3 $185K$224K
+21.1%
4 $224.9K$288.4K
+28.2%
5+ $320K$335K
+4.7%

How many homes are available in Sweetwater, TN?

Number of Homes For Sale

Sep 2022Oct 2022%
4234-19.0%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 129
-25.0%
3 2319
-17.4%
4 54
-20.0%
5+ 22
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
1115+36.4%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sweetwater, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Sweetwater, TN

Sweetwater, TN has 34 homes for sale to choose from. The number of listings in Sweetwater, TN decreased by 19% between September 2022 and October 2022. Between September 2022 and October 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties prices increased by 0%, prices of 2 bedrooms properties increased by 31.3%, 3 bedrooms properties prices increased by 21.1%, the cost of 4 bedrooms properties went up by 28.2%, 5 bedrooms properties became 4.7% more expensive. Housing inventory have changed in this real estate market: number of 1 bedroom homes remained the same, the quantity of 2 bedrooms homes went down by 25%, number of 3 bedrooms homes decreased by 17.4%, volume of 4 bedrooms homes went down by 20%, 5 bedrooms homes did not move. Sweetwater, TN housing market in October 2022 saw over 5 listings sold above listed price, more than 3 sold at listed price and over 7 sold below.