Is Smithville, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Smithville was a Seller's Market.
Housing Prices in Smithville, TN
How much do homes in Smithville, TN cost?
Median Sold Price
$289,950
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Smithville was $289,950 in May 2024, up 6.6% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $235K | $300K | +27.7% |
2 Bedrooms | $209.9K | $233.5K | +11.2% |
3 Bedrooms | $270K | $285K | +5.6% |
4 Bedrooms | $350.9K | $356K | +1.4% |
5+ Bedrooms | $390K | $490K | +25.6% |
Summary: Smithville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.7%, 2 bedroom homes increased by 11.2%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 25.6%.
Housing Supply in Smithville, TN
How many homes are available in Smithville, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
100 | 117 | +17.0% |
Summary: The Smithville real estate market had 117 homes for sale in May 2024, a 17.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 12 | 13 | +8.3% |
3 Bedrooms | 64 | 81 | +26.6% |
4 Bedrooms | 16 | 17 | +6.3% |
5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Smithville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 26.6%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
16 | 13 | -18.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Smithville in May 2024, down by 18.8% month-over-month. Of the 13 sold homes, 54% were sold under asking, 23% were sold at asking, and 23% were sold over asking.
Days on Market for Smithville, TN
How long does it take to sell a home in Smithville, TN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
32 Days | 23 Days | -26.2% |
Summary: Homes in Smithville had an average of 23 days on market in May 2024, down by 26.2% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 13 homes were sold in Smithville; 77% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.