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Foreclosure Homes in Sparta, TN 38583

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Sparta, TN Foreclosures

Current Market Conditions in in Sparta, TN As of February 2026?
Over the past month, the Sparta real estate market has become even more dynamic, with a noticeable uptick in showings and offers. The influx of new listings, coupled with low inventory, has contributed to a competitive buying environment. Homes are selling faster than usual, often at or above list price, indicating that buyers are eager to secure properties in this desirable area. With interest rates remaining relatively stable, many buyers are taking advantage of mortgage options before any potential changes occur.
How much do homes sell for in Sparta, TN?
The average home price is currently $283,756.
In Sparta, TN, how many homes are available?
There are currently 84 active home listings available in Sparta.
What’s the average rental cost in Sparta, TN?
The average rental price in Sparta is $1,084.
What is the most expensive home in Sparta?
The most expensive home sold in Sparta had a price of $18,007,685.
What is currently the cheapest priced home in Sparta, TN?
The cheapest home for sale in Sparta is priced at $2,883.

Living in Sparta, TN

Sparta, TN, is a picturesque small town that offers a welcoming community and a variety of outdoor activities. With its charming downtown and access to the Great Smoky Mountains, residents enjoy a peaceful lifestyle while being connected to nature. The area is known for its excellent schools and family-friendly atmosphere, making it a perfect place to settle down.

Buyer vs Seller Market in Sparta, TN

The real estate market in Sparta has shown promising growth over the past year, with increased interest from both first-time homebuyers and retirees seeking tranquility. The average home price has risen steadily due to the charming appeal of the area and the availability of spacious homes with large lots.

As the demand for real estate continues to grow, home listings have started to exhibit competitive pricing, resulting in quicker sales and opportunities for investments. Investors are also noticing the potential for rental properties, given the area's natural attractions.

Home Value Estimator For Sparta, TN

There are currently 11,452 real estate properties in Sparta, TN, with a median automated valuation model (AVM) price of $228,598.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Sparta, TN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Sparta, TN, is $283,756.00, with the most expensive house in Sparta, TN, topping out at $18,007,685.00 and the cheapest home in Sparta, TN, clocking in at $2,883.00. In other words, there’s something for every potential homebuyer or savvy investor in Sparta, TN!

Rent Prices In Sparta, TN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Sparta, TN, is on a rollercoaster ride. The average rent price in Sparta, TN, is $1,084.00. Indeed, when looking to rent in Sparta, TN, you can expect to pay as little as $450.00 or as much as $2,040.00, with the average rent median estimated to be $1,060.00. The good news is that finding an affordable and desirable property to rent in Sparta, TN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Sparta, TN 38583 Foreclosures


Market Trend for Sparta, TN

Total Listings Available: 84

Market Values:

Home Prices from $2,883 to $18,007,685

Average Sales Price: $283,756

Rental Values:

Rental from $450 to $2,040

Average Rent Value: $1,084 / month

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