$2,789 Closing Credit*
$234,900
1,206 SqFt
3 Beds
•1 Full Bath
Jason Crosslin, Listing Office: The Crosslin Team
Is Smith County, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
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.
Housing Prices in Smith County, TN
How much do homes in Smith County, TN cost?
Median Sold Price
$316,000
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$22,550(+7.7%)
Key Takeaway
Homes in Smith County have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in Smith County was $316,000 in October 2024, up 7.7% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $247.4K | $223.7K | -9.6% |
| 2 Bedrooms | $193K | $237.4K | +23.0% |
| 3 Bedrooms | $309.9K | $316K | +2.0% |
| 4 Bedrooms | $317.9K | $415K | +30.5% |
| 5+ Bedrooms | $520K | $423.3K | -18.6% |
Summary: Smith County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.6%, 2 bedroom homes increased by 23%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 30.5%, and 5+ bedroom homes decreased by 18.6%.
Median Sold Price Compared To Nearby Counties
| DeKalb County | $275.9K | $298.4K | +8.1% |
| Smith County | $293.4K | $316K | +7.7% |
| Macon County | $256K | $267K | +4.3% |
| Jackson County | $245K | $242.5K | -1.0% |
| Trousdale County | $340K | $325K | -4.4% |
Housing Supply in Smith County, TN
How many homes are available in Smith County, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 120 | 131 | +9.2% |
Summary: The Smith County real estate market had 131 homes for sale in October 2024, a 9.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 17 | 21 | +23.5% |
| 3 Bedrooms | 81 | 81 | 0.0% |
| 4 Bedrooms | 13 | 19 | +46.2% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Smith County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 23.5%, 3 bedroom homes remained the same, 4 bedroom homes increased by 46.2%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 22 | +29.4% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Smith County, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in Smith County in October 2024, up by 29.4% month-over-month. Of the 20 sold homes, 60% were sold under asking, 25% were sold at asking, and 15% were sold over asking.
Days on Market for Smith County, TN
How long does it take to sell a home in Smith County, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 47 Days | 52 Days | +9.0% |
Summary: Homes in Smith County had an average of 52 days on market in Oct 2024, up by 9% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Smith County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 22 homes were sold in Smith County; 45% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 18% 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. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms.