Is Smith County, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Smith County was a Buyer's Market.
Housing Prices in Smith County, TN
How much do homes in Smith County, TN cost?
Median Sold Price
$300,000
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Smith County was $300,000 in April 2024, up 2.9% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $164.9K | $269.9K | +63.6% |
2 Bedrooms | $203K | $229.9K | +13.3% |
3 Bedrooms | $317.5K | $300K | -5.5% |
4 Bedrooms | $350K | $346K | -1.1% |
5+ Bedrooms | $341.9K | $572.5K | +67.4% |
Summary: Smith County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 63.6%, 2 bedroom homes increased by 13.3%, 3 bedroom homes decreased by 5.5%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes increased by 67.4%.
Median Sold Price Compared To Nearby Counties
Jackson County | $195K | $255K | +30.8% |
Trousdale County | $300K | $335K | +11.7% |
DeKalb County | $270.5K | $285K | +5.4% |
Smith County | $291.6K | $300K | +2.9% |
Macon County | $259.9K | $265K | +2.0% |
Housing Supply in Smith County, TN
How many homes are available in Smith County, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
89 | 102 | +14.6% |
Summary: The Smith County real estate market had 102 homes for sale in April 2024, a 14.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 17 | 19 | +11.8% |
3 Bedrooms | 53 | 62 | +17.0% |
4 Bedrooms | 12 | 13 | +8.3% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Smith County 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 increased by 11.8%, 3 bedroom homes increased by 17%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 19 | +5.6% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Smith County in April 2024, up by 5.6% month-over-month. Of the 19 sold homes, 58% were sold under asking, 32% were sold at asking, and 11% were sold over asking.
Days on Market for Smith County, TN
How long does it take to sell a home in Smith County, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
38 Days | 38 Days | -0.7% |
Summary: Homes in Smith County had an average of 38 days on market in Apr 2024, down by 0.7% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 19 homes were sold in Smith County; 68% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.