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 buyer's market

Buyer's
Market

Difference Since December 2023

At the same time last year, Smith County was a Seller's Market.

Key Takeaway

Smith County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Smith County, TX

How much do homes in Smith County, TX cost?

Median Sold Price

$633,000

$192/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$192,786(+43.8%)

Key Takeaway

Homes in Smith County have sold for 43.8% more than they did a year ago.

Summary: The median home sold price in Smith County was $633,000 in December 2024, up 43.8% from last year, and the median price per square foot was $192.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $165K-
N/A
2 $422.5K-
N/A
3 $350K$462.5K
+32.1%
4 $441K$697.5K
+58.1%
5+ $477.6K$897K
+87.8%

Summary: Smith County housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 32.1%, 4 bedroom homes increased by 58.1%, and 5+ bedroom homes increased by 87.8%.

Housing Supply in Smith County, TX

How many homes are available in Smith County, TX?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1,1571,306+12.9%

Summary: The Smith County real estate market had 1,306 homes for sale in December 2024, a 12.9% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 25
+150.0%
2 86102
+18.6%
3 572645
+12.8%
4 388434
+11.9%
5+ 109120
+10.1%

Summary: The Smith County housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 150%, 2 bedroom homes increased by 18.6%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes increased by 10.1%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
5672+28.6%

Asking Price vs. Sold Price

1 Home Was 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.

Summary: A total of 72 homes were sold or pending in Smith County in December 2024, up by 28.6% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Smith County, TX

How long does it take to sell a home in Smith County, TX?

Average Sale Time

Dec 2023Dec 2024CHANGE
66 Days67 Days+2.8%

Summary: Homes in Smith County had an average of 67 days on market in Dec 2024, up by 2.8% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

12 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Smith County are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 72 homes were sold in Smith County; 19% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.

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

Report Updated 10 Days Ago

Newest Listings in Smith County, TX

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