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.
Key Takeaway
Sweetwater is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
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
Key Takeaway
Homes in Sweetwater have sold for 16.3% more than they did a year ago.
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
Key Takeaway
If you're buying a home in Sweetwater, you may be able to get a good deal. 60% of homes here sold below asking price last month.
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
Key Takeaway
Many homes in Sweetwater are selling fast, if you're buying plan to act quickly.
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.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Greater Chattanooga Association of Realtors®. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Copyright© 2024 Greater Chattanooga Association of REALTORS®.