Is Etowah, 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, Etowah has remained a Seller's Market.
Housing Prices in Etowah, TN
How much do homes in Etowah, TN cost?
Median Sold Price
$199,000
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Etowah was $199,000 in April 2024, up 7.6% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $86K | - | N/A |
2 Bedrooms | $158.9K | $170K | +7.0% |
3 Bedrooms | $191.2K | $210K | +9.8% |
4 Bedrooms | $299.9K | $275K | -8.3% |
5+ Bedrooms | $418K | - | N/A |
Summary: Etowah housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 9.8%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes did not change.
Housing Supply in Etowah, TN
How many homes are available in Etowah, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
36 | 40 | +11.1% |
Summary: The Etowah real estate market had 40 homes for sale in April 2024, a 11.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 12 | 6 | -50.0% |
3 Bedrooms | 15 | 24 | +60.0% |
4 Bedrooms | 7 | 7 | 0.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Etowah 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 decreased by 50%, 3 bedroom homes increased by 60%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 7 | -22.2% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Etowah in April 2024, down by 22.2% month-over-month. Of the 7 sold homes, 86% were sold under asking, 0% were sold at asking, and 14% were sold over asking.
Days on Market for Etowah, TN
How long does it take to sell a home in Etowah, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
12 Days | 44 Days | +270.8% |
Summary: Homes in Etowah had an average of 44 days on market in Apr 2024, up by 270.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in Etowah; 14% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.