Is Sparta, TN 38583 a buyer’s or seller’s market?
Sparta is a balanced market. With about 4.2 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 12% of U.S. ZIP codes, and #241 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 Sparta housing market right now
In the three months ending August 31, 2026, 7% of homes in Sparta, TN 38583 sold above their list price, the typical home went under contract in 67 days and there were 4.2 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 101 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (9% then), homes sold faster (71 days then) and the median sale price rose 1% to $303,669. Overall, Sparta is about as competitive as it was a year ago.
On our competition score, Sparta ranks #241 of 299 TN ZIP codes with enough sales (score 18 out of 100).
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Questions about Sparta real estate
Is Sparta a buyer’s or seller’s market?
A balanced market: there were 4.2 months of supply in Sparta, TN 38583 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 Sparta?
The typical home went under contract in 67 days in the latest three months.
Do homes in Sparta sell over asking?
7% of homes sold above their original list price, and the typical sale closed at 96.6% of the list price.
What are property taxes in Sparta?
About 0.40% of a home’s value a year in White County, or roughly $1,600 on a $400,000 home.
What is the median home price in Sparta?
The median sale price was $303,669 in the three months ending August 31, 2026, about $204 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology