$130,000
20.00 Acres
Land
Michelle Patterson, Listing Office: simpliHOM
Is Smith County, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Smith County was a Buyer's Market.
Key Takeaway
Smith County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Smith County, TN
How much do homes in Smith County, TN cost?
Median Sold Price
$315,950
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$21,050(+7.1%)
Key Takeaway
Homes in Smith County have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in Smith County was $315,950 in November 2024, up 7.1% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $247.4K | $204.9K | -17.2% |
| 2 Bedrooms | $195K | $237.4K | +21.8% |
| 3 Bedrooms | $302.5K | $317.9K | +5.1% |
| 4 Bedrooms | $327.9K | $420K | +28.1% |
| 5+ Bedrooms | $520K | $350K | -32.7% |
Summary: Smith County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.2%, 2 bedroom homes increased by 21.8%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 28.1%, and 5+ bedroom homes decreased by 32.7%.
Median Sold Price Compared To Nearby Counties
| Jackson County | $211K | $250K | +18.5% |
| Smith County | $294.9K | $315.9K | +7.1% |
| Macon County | $250K | $267.2K | +6.9% |
| DeKalb County | $280K | $298.2K | +6.5% |
| Trousdale County | $350K | $325.9K | -6.9% |
Housing Supply in Smith County, TN
How many homes are available in Smith County, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 122 | 129 | +5.7% |
Summary: The Smith County real estate market had 129 homes for sale in November 2024, a 5.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 6 | +50.0% |
| 2 Bedrooms | 17 | 16 | -5.9% |
| 3 Bedrooms | 77 | 81 | +5.2% |
| 4 Bedrooms | 18 | 20 | +11.1% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Smith County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 5.9%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 21 | -8.7% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
0 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. 84.2% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Smith County in November 2024, down by 8.7% month-over-month. Of the 19 sold homes, 84% were sold under asking, 0% were sold at asking, and 16% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 31 Days | +26.5% |
Summary: Homes in Smith County had an average of 31 days on market in Nov 2024, up by 26.5% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Smith County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 21 homes were sold in Smith County; 57% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 5% 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.