Is Sweetwater, TN 37874 a buyer’s or seller’s market?
Sweetwater is a seller’s market. With about 3.9 months of supply and 12% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 31% of U.S. ZIP codes, and #103 of 299 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Sweetwater housing market right now
In the three months ending August 31, 2026, 12% of homes in Sweetwater, TN 37874 sold above their list price, the typical home went under contract in 60 days and there were 3.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 52 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 16%, homes sold more slowly (50 days then) and the median sale price fell 7% to $274,881. Overall, Sweetwater is less competitive than a year ago, which gives buyers more room.
On our competition score, Sweetwater ranks #103 of 299 TN ZIP codes with enough sales (score 34 out of 100).
Nearby, Madisonville 37354 (18% sold over asking) is even more competitive.
Run the numbers for 37874
Nearby markets
Madisonville 37354Seller’s market $213 /sq ftTellico Plains 37385Buyer’s market $212 /sq ftVonore 37885Balanced $270 /sq ft Browse all markets →Towns like Sweetwater nearby
Find towns like Sweetwater in other states →Where Sweetwater is
Loading map…
Questions about Sweetwater real estate
Is Sweetwater a buyer’s or seller’s market?
A seller’s market: there were 3.9 months of supply in Sweetwater, TN 37874 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Sweetwater?
The typical home went under contract in 60 days in the latest three months.
Do homes in Sweetwater sell over asking?
12% of homes sold above their original list price, and the typical sale closed at 98.9% of the list price.
What are property taxes in Sweetwater?
About 0.41% of a home’s value a year in Monroe County, or roughly $1,640 on a $400,000 home.
What is the median home price in Sweetwater?
The median sale price was $274,881 in the three months ending August 31, 2026, about $192 per square foot.
Local agents
See all agents in 37874 →No sponsored agents in 37874 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 37874
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology