Sweetwater, TN Home Values & Market Trends
Real estate market trends reflect that there have been 286 transactions over the past year in Sweetwater. The median value for residential home transactions that occurred over the previous year is $256,197.42. The number of current listings in Sweetwater is 31, and the percentage of properties for sale in the city is 31.00%. Sweetwater, TN currently has 7 properties in foreclosure, 1 bank owned properties, 6 properties headed for auction, and 31 properties for sale.
Sweetwater, TN Real Estate Market Overview
Zip | Median Est. Value |
---|---|
37874 | $ 279,500 $ 146/sqft |
Housing Market Summary for Sweetwater, TN
Mar 2023 | February 2024 | Change | |
---|---|---|---|
Median Listing Price | $249.9K | $245.8K | -1.63% |
Median Sold Price | $198.3K | $245.8K | 24.00% |
Homes For Sale | 29 | 30 | 3.45% |
Homes Sold | 193 | 158 | -18.13% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Sweetwater, TN
Browse Homes in Sweetwater, TN
Sweetwater home values range from $20,670 to $4,891,950. The median estimated value of a home in Sweetwater is $256,197.42. The median list price of a home is 270,000, and the total count of properties in the city is 5,589.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Sweetwater, TN with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Sweetwater, TN; of that zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Sweetwater, TN ranges from the highest value of $61,867 in 37874 to the lowest value of $61,867 in 37874. Bank owned homes and properties account for 0.02% of properties in Sweetwater, TN. There is 1 zips within Sweetwater, TN; 37874 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions37874 has 6 auction properties, the highest number of properties going to auction in a single zip in the state of Sweetwater, TN. Auction homes and other auction properties account for 0.11% of all properties in Sweetwater, TN. There is 1 zips within Sweetwater, TN; of that zips, the median estimated home value for homes going to auction ranges from $328,602 in 37874 to the lowest value of $152,019 in 37874.
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Guide for Sweetwater, TN
The Memphis real estate market has shown significant growth from March 2023 to February 2024, with property values increasing by about 10% and sale prices also rising. Despite minor fluctuations in property sales and square foot values, the market displays considerable resilience, making Memphis an attractive option for real estate investment.
Nashville’s real estate market grew significantly during 2023 with consistent rising property values and sold prices
Tennessee Foreclosure Laws
Learn what a Zombie property is and how to avoid your home becoming one.