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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Stewart is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Stewart has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Stewart, TN

How much do homes in Stewart, TN cost?

Median Sold Price

$520,000

$141/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

+$270,000(+108.0%)

Key Takeaway

Homes in Stewart have sold for 108% more than they did a month ago.

Summary: The median home sold price in Stewart was $520,000 in April 2024, up 108% from last month, and the median price per square foot was $141.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 --
N/A
3 $250K$520K
+108.0%
4 --
N/A
5+ --
N/A

Summary: Stewart housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 108%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Stewart, TN

How many homes are available in Stewart, TN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
54-20.0%

Summary: The Stewart real estate market had 4 homes for sale in April 2024, a 20.0% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 00
0.0%
3 33
0.0%
4 21
-50.0%
5+ 00
0.0%

Summary: The Stewart 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 remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Stewart, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Stewart in April 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Stewart, TN

How long does it take to sell a home in Stewart, TN?

Average Sale Time

Mar 2024Apr 2024CHANGE
71 Days190 Days+167.6%

Summary: Homes in Stewart had an average of 190 days on market in Apr 2024, up by 167.6% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Stewart are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During April 2024, 1 homes were sold in Stewart; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.

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

Report Updated Apr 1, 2024

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