Is Smith County, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Smith County is a seller's market

Buyer's
Market

Difference Since December 2021

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.

How much do homes in Smith County, TX cost?

Median Sold Price

$365,171

$200/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2021

-$110,329(-23.2%)

Key Takeaway

Homes in Smith County have sold for 23.2% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2021Dec 2022%
1 $127.5K-
N/A
2 $620K$390K
-37.1%
3 $299.4K$342.5K
+14.4%
4 $625K$402.1K
-35.7%
5+ $1.2M$720K
-44.5%

How many homes are available in Smith County, TX?

Number of Homes For Sale

Nov 2022Dec 2022%
263275+4.6%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 21
-50.0%
2 2025
+25.0%
3 128125
-2.3%
4 8896
+9.1%
5+ 2528
+12.0%

Number of Homes Sold

Nov 2022Dec 2022%
4350+16.3%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Smith County, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Average Sale Time

Dec 2021Dec 2022%
27 Days65 Days+141.9%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Smith County has remained consistent over time.

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

About Smith County, TX

There are 275 homes are for sale in Smith County, TX real estate market. In December 2022 in Smith County, TX there were 4.6% more homes for sale than in November 2022. Listings spent 65 days on the market in December 2022, and had a median list price of $365,171 during the same period. Between November 2022 and December 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties became 0% more expensive, 2 bedrooms properties prices decreased by 37.1%, the cost of 3 bedrooms properties went up by 14.4%, 4 bedrooms properties became 35.7% more cheaper, prices of 5 bedrooms properties went down by 44.5%. This housing market inventory have changed: volume of 1 bedroom homes went down by 50%, the quantity of 2 bedrooms homes went up by 25%, number of 3 bedrooms homes decreased by 2.3%, volume of 4 bedrooms homes went up by 9.1%, 5 bedrooms homes became 12% more available. In December 2022 more than 0 listings in Smith County, TX were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 10 were sold below.

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