Is Smyrna, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Smyrna is a seller's market

Buyer's
Market

Difference Since August 2021

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.

How much do homes in Smyrna, TN cost?

Median Sold Price

$369,977

$205/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$75,645(+25.7%)

Key Takeaway

Homes in Smyrna have sold for 25.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $275K$350K
+27.3%
2 $200K$249.9K
+25.0%
3 $285K$356.3K
+25.0%
4 $330K$465K
+40.9%
5+ $377.5K$505K
+33.8%

Median Sold Price Compared To Nearby Cities

La Vergne
+26.4%
Murfreesboro
+25.8%
Smyrna
+25.7%

How many homes are available in Smyrna, TN?

Number of Homes For Sale

Jul 2022Aug 2022%
182180-1.1%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 00
0.0%
2 1913
-31.6%
3 109119
+9.2%
4 4439
-11.4%
5+ 109
-10.0%

Number of Homes Sold

Jul 2022Aug 2022%
4959+20.4%

Asking Price vs. Sold Price

25 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

19 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Smyrna, you may be able to get a good deal. 43.9% of homes here sold below asking price last month.

Average Sale Time

Aug 2021Aug 2022%
5 Days12 Days+133.1%

Breakdown of Home Sale Times

53 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Smyrna are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Smyrna, TN

Homes for sale in Smyrna, TN have reached 180. The number of listings in Smyrna, TN decreased by 1.1% between July 2022 and August 2022. In August 2022, listings were on the market for 12 days. During the same period, the median list price in this real estate market was $369,977. This housing market listing prices have changed between July 2022 and August 2022: the cost of 1 bedroom properties went up by 27.3%, prices of 2 bedrooms properties went up by 25%, the cost of 3 bedrooms properties went up by 25%, 4 bedrooms properties became 40.9% more expensive, 5 bedrooms properties became 33.8% more expensive. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes remained the same, 2 bedrooms homes inventory decreased by 31.6%, number of 3 bedrooms homes increased by 9.2%, 4 bedrooms homes became 11.4% less available, 5 bedrooms homes became 10% less available. Smyrna, TN housing market in August 2022 saw over 19 listings sold above listed price, more than 13 sold at listed price and over 25 sold below.

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