Is Smith County, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Smith County has remained a Seller's Market.
Key Takeaway
Smith County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
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 March 2023
Key Takeaway
Homes in Smith County have sold for 2.8% more than they did a year ago.
Summary: The median home sold price in Smith County was $300,000 in March 2024, up 2.8% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $164.9K | $274.4K | +66.4% |
| 2 Bedrooms | $206K | $222.4K | +8.0% |
| 3 Bedrooms | $310K | $300K | -3.2% |
| 4 Bedrooms | $343.5K | $353.2K | +2.8% |
| 5+ Bedrooms | $341.9K | $572.5K | +67.4% |
Summary: Smith County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 66.4%, 2 bedroom homes increased by 8%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 67.4%.
Median Sold Price Compared To Nearby Counties
| Jackson County | $192K | $255K | +32.8% |
| Trousdale County | $300K | $339.9K | +13.3% |
| DeKalb County | $267.6K | $284.9K | +6.4% |
| Smith County | $291.9K | $300K | +2.8% |
| Macon County | $259.9K | $259K | -0.3% |
Housing Supply in Smith County, TN
How many homes are available in Smith County, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 89 | 96 | +7.9% |
Summary: The Smith County real estate market had 96 homes for sale in March 2024, a 7.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 3 | +100.0% |
| 2 Bedrooms | 17 | 19 | +11.8% |
| 3 Bedrooms | 58 | 60 | +3.4% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Smith County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 3.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 12 | 17 | +41.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Smith County, you may be able to get a good deal. 64.7% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Smith County in March 2024, up by 41.7% month-over-month. Of the 17 sold homes, 65% were sold under asking, 12% were sold at asking, and 24% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 43 Days | 50 Days | +16.6% |
Summary: Homes in Smith County had an average of 50 days on market in Mar 2024, up by 16.6% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Smith County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 17 homes were sold in Smith County; 53% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms.