Is Smith County, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Smith County was a Neutral Market.
Housing Prices in Smith County, TX
How much do homes in Smith County, TX cost?
Median Sold Price
$390,000
$199/sqft
Based on all homes sold in June 2024.
Difference Since Last Month
Summary: The median home sold price in Smith County was $390,000 in June 2024, down 38.4% from last month, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $633K | $390K | -38.4% |
4 Bedrooms | $633K | - | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Smith County housing prices by bedroom type for June 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 38.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Smith County, TX
How many homes are available in Smith County, TX?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
419 | 456 | +8.8% |
Summary: The Smith County real estate market had 456 homes for sale in June 2024, a 8.8% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 29 | 35 | +20.7% |
3 Bedrooms | 189 | 189 | 0.0% |
4 Bedrooms | 157 | 173 | +10.2% |
5+ Bedrooms | 44 | 58 | +31.8% |
Summary: The Smith County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 20.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes increased by 31.8%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
65 | 41 | -36.9% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 41 homes were sold or pending in Smith County in June 2024, down by 36.9% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Smith County, TX
How long does it take to sell a home in Smith County, TX?
Average Sale Time
May 2024 | Jun 2024 | CHANGE |
---|---|---|
58 Days | 58 Days | +0.5% |
Summary: Homes in Smith County had an average of 58 days on market in Jun 2024, up by 0.5% compared to last month.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During June 2024, 41 homes were sold in Smith County; 32% of homes were sold within 30 days, 54% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.