Is Smithville, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$284,900
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Smithville was $284,900 in March 2024, up 6.7% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $225K | $365K | +62.2% |
2 Bedrooms | $168K | $235K | +39.9% |
3 Bedrooms | $266.5K | $280K | +5.1% |
4 Bedrooms | $347K | $360K | +3.7% |
5+ Bedrooms | $730K | $360K | -50.7% |
Summary: Smithville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 62.2%, 2 bedroom homes increased by 39.9%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes decreased by 50.7%.
Housing Supply in Smithville, TN
How many homes are available in Smithville, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
98 | 109 | +11.2% |
Summary: The Smithville real estate market had 109 homes for sale in March 2024, a 11.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 5 | 6 | +20.0% |
3 Bedrooms | 78 | 85 | +9.0% |
4 Bedrooms | 11 | 12 | +9.1% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Smithville 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 20%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 15 | +36.4% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Smithville in March 2024, up by 36.4% month-over-month. Of the 15 sold homes, 53% were sold under asking, 20% were sold at asking, and 27% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
26 Days | 39 Days | +48.5% |
Summary: Homes in Smithville had an average of 39 days on market in Mar 2024, up by 48.5% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 15 homes were sold in Smithville; 87% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.