$3,076 Closing Credit*
$259,000
1,004 SqFt
3 Beds
•2 Full Baths
Listing Office: Keller Williams
Is Sweetwater, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$265,000
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,333(+8.3%)
Key Takeaway
Homes in Sweetwater have sold for 8.3% more than they did a year ago.
Summary: The median home sold price in Sweetwater was $265,000 in November 2024, up 8.3% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $129K | $59.9K | -53.6% |
| 2 Bedrooms | $196.5K | $234K | +19.1% |
| 3 Bedrooms | $259.9K | $265K | +2.0% |
| 4 Bedrooms | $292.5K | $320K | +9.4% |
| 5+ Bedrooms | $545K | $440K | -19.3% |
Summary: Sweetwater housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 53.6%, 2 bedroom homes increased by 19.1%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes decreased by 19.3%.
Housing Supply in Sweetwater, TN
How many homes are available in Sweetwater, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 83 | 83 | 0.0% |
Summary: The Sweetwater real estate market had 83 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 12 | 12 | 0.0% |
| 3 Bedrooms | 53 | 55 | +3.8% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The Sweetwater housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 3.8%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 15 | +7.1% |
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 November 2024, up by 7.1% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 57 Days | +96.7% |
Summary: Homes in Sweetwater had an average of 57 days on market in Nov 2024, up by 96.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Sweetwater has remained consistent over time.
Summary: During November 2024, 15 homes were sold in Sweetwater; 27% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 20% 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. 
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 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®.