$4,691 Closing Credit*
$395,000
2,014 SqFt
4 Beds
•2 Full Baths
Sara Gooch, Listing Office: Pilkerton Realtors
Is Smyrna, 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, 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
$440,712
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$41,222(+10.3%)
Key Takeaway
Homes in Smyrna have sold for 10.3% more than they did a year ago.
Summary: The median home sold price in Smyrna was $440,712 in October 2024, up 10.3% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $358K | $220K | -38.5% |
| 2 Bedrooms | $299.9K | $315K | +5.0% |
| 3 Bedrooms | $366.9K | $384.9K | +4.9% |
| 4 Bedrooms | $501.7K | $507.3K | +1.1% |
| 5+ Bedrooms | $557.7K | $570.2K | +2.2% |
Summary: Smyrna housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 38.5%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 2.2%.
Median Sold Price Compared To Nearby Cities
| Smyrna | $399.4K | $440.7K | +10.3% |
| Murfreesboro | $412.3K | $426.8K | +3.5% |
| La Vergne | $363K | $360K | -0.9% |
Housing Supply in Smyrna, TN
How many homes are available in Smyrna, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 346 | 367 | +6.1% |
Summary: The Smyrna real estate market had 367 homes for sale in October 2024, a 6.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 36 | 34 | -5.6% |
| 3 Bedrooms | 166 | 175 | +5.4% |
| 4 Bedrooms | 107 | 114 | +6.5% |
| 5+ Bedrooms | 36 | 44 | +22.2% |
Summary: The Smyrna housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 5.6%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 66 | 81 | +22.7% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
33 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Smyrna, expect to pay close to the asking price. 41.8% of homes here sold near the asking price last month.
Summary: A total of 81 homes were sold or pending in Smyrna in October 2024, up by 22.7% month-over-month. Of the 79 sold homes, 33% were sold under asking, 42% were sold at asking, and 25% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 23 Days | -7.8% |
Summary: Homes in Smyrna had an average of 23 days on market in Oct 2024, down by 7.8% compared to last year.
Breakdown of Home Sale Times
57 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
4 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 October 2024, 81 homes were sold in Smyrna; 70% of homes were sold within 30 days, 25% 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.