Is Smithville, 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, Smithville was a Seller's Market.
Housing Prices in Smithville, TN
How much do homes in Smithville, TN cost?
Median Sold Price
$285,000
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Smithville was $285,000 in April 2024, up 5.6% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $235K | $300K | +27.7% |
2 Bedrooms | $163K | $233.5K | +43.3% |
3 Bedrooms | $272K | $280K | +2.9% |
4 Bedrooms | $348.4K | $415K | +19.1% |
5+ Bedrooms | $520K | $284.9K | -45.2% |
Summary: Smithville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.7%, 2 bedroom homes increased by 43.3%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 19.1%, and 5+ bedroom homes decreased by 45.2%.
Housing Supply in Smithville, TN
How many homes are available in Smithville, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
104 | 108 | +3.8% |
Summary: The Smithville real estate market had 108 homes for sale in April 2024, a 3.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 7 | 11 | +57.1% |
3 Bedrooms | 79 | 74 | -6.3% |
4 Bedrooms | 12 | 15 | +25.0% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Smithville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 57.1%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 16 | -5.9% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Smithville in April 2024, down by 5.9% month-over-month. Of the 16 sold homes, 50% were sold under asking, 44% were sold at asking, and 6% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
45 Days | 44 Days | -3.5% |
Summary: Homes in Smithville had an average of 44 days on market in Apr 2024, down by 3.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 16 homes were sold in Smithville; 44% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.