Is Smyrna, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Smyrna has remained a Seller's Market.
Key Takeaway
Smyrna is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Smyrna, TN
How much do homes in Smyrna, TN cost?
Median Sold Price
$425,263
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Smyrna have sold for 9% more than they did a year ago.
Summary: The median home sold price in Smyrna was $425,263 in April 2024, up 9% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $400K | $358K | -10.5% |
| 2 Bedrooms | $285K | $310K | +8.8% |
| 3 Bedrooms | $366.7K | $375K | +2.3% |
| 4 Bedrooms | $535K | $515K | -3.7% |
| 5+ Bedrooms | $581K | $580.9K | 0% |
Summary: Smyrna housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.5%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 2.3%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Smyrna | $389.9K | $425.2K | +9.0% |
| La Vergne | $354.6K | $362.3K | +2.2% |
| Murfreesboro | $413.5K | $419.9K | +1.5% |
Housing Supply in Smyrna, TN
How many homes are available in Smyrna, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 266 | 288 | +8.3% |
Summary: The Smyrna real estate market had 288 homes for sale in April 2024, a 8.3% 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 | 29 | 28 | -3.4% |
| 3 Bedrooms | 114 | 127 | +11.4% |
| 4 Bedrooms | 97 | 105 | +8.2% |
| 5+ Bedrooms | 25 | 26 | +4.0% |
Summary: The Smyrna 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 decreased by 3.4%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 4%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 59 | 73 | +23.7% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
32 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Smyrna, expect to pay close to the asking price. 43.8% of homes here sold near the asking price last month.
Summary: A total of 73 homes were sold or pending in Smyrna in April 2024, up by 23.7% month-over-month. Of the 73 sold homes, 37% were sold under asking, 44% were sold at asking, and 19% were sold over asking.
Days on Market for Smyrna, TN
How long does it take to sell a home in Smyrna, TN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 31 Days | 25 Days | -20.0% |
Summary: Homes in Smyrna had an average of 25 days on market in Apr 2024, down by 20% compared to last year.
Breakdown of Home Sale Times
54 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Smyrna are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 73 homes were sold in Smyrna; 74% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 8% 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.