$6,650 Closing Credit*
$559,990
2,282 SqFt
4 Beds
•3 Full Baths
Mark B. Perry, Listing Office: Ole South Realty
Is Smyrna, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
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.
Housing Prices in Smyrna, TN
How much do homes in Smyrna, TN cost?
Median Sold Price
$437,494
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$30,003(+7.4%)
Key Takeaway
Homes in Smyrna have sold for 7.4% more than they did a year ago.
Summary: The median home sold price in Smyrna was $437,494 in November 2024, up 7.4% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $358K | $220K | -38.5% |
| 2 Bedrooms | $298.4K | $320K | +7.2% |
| 3 Bedrooms | $369.9K | $384.9K | +4.1% |
| 4 Bedrooms | $495.4K | $511.8K | +3.3% |
| 5+ Bedrooms | $569.9K | $568.2K | -0.3% |
Summary: Smyrna housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 38.5%, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes decreased by 0.3%.
Median Sold Price Compared To Nearby Cities
| Smyrna | $407.4K | $437.4K | +7.4% |
| Murfreesboro | $414.5K | $428.5K | +3.4% |
| La Vergne | $361.4K | $359.9K | -0.4% |
Housing Supply in Smyrna, TN
How many homes are available in Smyrna, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 373 | 361 | -3.2% |
Summary: The Smyrna real estate market had 361 homes for sale in November 2024, a 3.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 40 | 34 | -15.0% |
| 3 Bedrooms | 175 | 165 | -5.7% |
| 4 Bedrooms | 122 | 124 | +1.6% |
| 5+ Bedrooms | 36 | 38 | +5.6% |
Summary: The Smyrna housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 15%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 5.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 89 | 86 | -3.4% |
Asking Price vs. Sold Price
39 Homes Were Sold
Under Asking
37 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Smyrna, you may be able to get a good deal. 45.9% of homes here sold below asking price last month.
Summary: A total of 86 homes were sold or pending in Smyrna in November 2024, down by 3.4% month-over-month. Of the 85 sold homes, 46% were sold under asking, 44% were sold at asking, and 11% were sold over asking.
Days on Market for Smyrna, TN
How long does it take to sell a home in Smyrna, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 14 Days | 33 Days | +128.0% |
Summary: Homes in Smyrna had an average of 33 days on market in Nov 2024, up by 128% compared to last year.
Breakdown of Home Sale Times
51 Homes Were Sold
Under 30 Days
28 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Smyrna are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 86 homes were sold in Smyrna; 59% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 8% 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.