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 Last Month

Since last month, Smith County has remained a Buyer'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

$710,000

$228/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$80,500(+12.8%)

Key Takeaway

Homes in Smith County have sold for 12.8% more than they did a month ago.

Summary: The median home sold price in Smith County was $710,000 in October 2024, up 12.8% from last month, and the median price per square foot was $228.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $330K-
N/A
4 $629.5K$710K
+12.8%
5+ $1.4M-
N/A

Summary: Smith County housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes did not change.

Housing Supply in Smith County, TX

How many homes are available in Smith County, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
464487+5.0%

Summary: The Smith County real estate market had 487 homes for sale in October 2024, a 5.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 3740
+8.1%
3 193212
+9.8%
4 174179
+2.9%
5+ 5955
-6.8%

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 8.1%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes decreased by 6.8%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
5851-12.1%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was 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. 66.7% of homes here sold below asking price last month.

Summary: A total of 51 homes were sold or pending in Smith County in October 2024, down by 12.1% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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

Sep 2024Oct 2024CHANGE
106 Days7 Days-92.8%

Summary: Homes in Smith County had an average of 7 days on market in Oct 2024, down by 92.8% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 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 October 2024, 51 homes were sold in Smith County; 6% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 22 Days Ago

Newest Listings in Smith County, TX

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