$99,900
5.12 Acres
Land
Listing Office: The Real Estate Collective Sparta
Is Sparta, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Sparta was a Seller's Market.
Key Takeaway
Sparta is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Sparta, TN
How much do homes in Sparta, TN cost?
Median Sold Price
$289,450
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$39,450(+15.8%)
Key Takeaway
Homes in Sparta have sold for 15.8% more than they did a year ago.
Summary: The median home sold price in Sparta was $289,450 in October 2024, up 15.8% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $179K | $156K | -12.8% |
| 2 Bedrooms | $182K | $211.9K | +16.5% |
| 3 Bedrooms | $251K | $289.4K | +15.3% |
| 4 Bedrooms | $358K | $357.5K | -0.1% |
| 5+ Bedrooms | $450K | $409.9K | -8.9% |
Summary: Sparta housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.8%, 2 bedroom homes increased by 16.5%, 3 bedroom homes increased by 15.3%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes decreased by 8.9%.
Housing Supply in Sparta, TN
How many homes are available in Sparta, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 199 | 207 | +4.0% |
Summary: The Sparta real estate market had 207 homes for sale in October 2024, a 4.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 44 | 47 | +6.8% |
| 3 Bedrooms | 117 | 114 | -2.6% |
| 4 Bedrooms | 17 | 24 | +41.2% |
| 5+ Bedrooms | 18 | 20 | +11.1% |
Summary: The Sparta housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 6.8%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes increased by 41.2%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 15 | -48.3% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Sparta, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Sparta in October 2024, down by 48.3% month-over-month. Of the 14 sold homes, 86% were sold under asking, 7% were sold at asking, and 7% were sold over asking.
Days on Market for Sparta, TN
How long does it take to sell a home in Sparta, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 40 Days | 55 Days | +37.5% |
Summary: Homes in Sparta had an average of 55 days on market in Oct 2024, up by 37.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Sparta has remained consistent over time.
Summary: During October 2024, 15 homes were sold in Sparta; 33% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved. 
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.