Market Insights

Smith County Texas

How does the housing market look in Smith County? Take a look at up-to-date home sale trends like the latest home sale prices, new listings, and more.

Real Estate Market Report Median Sale Price Illustration
Median Sale Price
$335,000

12.0%

Real Estate Market Report New Listings Illustration
New Listings
82

23.4%

Real Estate Market Report Number Of Homes Sold Illustration
Number of Homes Sold
74

2.6%

Real Estate Market Report Median Days On Market Illustration
Median Days on Market
18

18.0%

Market Overview

Based on home data between July 07, 2022 and August 06, 2022, homes for sale in Smith County, TX sold for a median price of $335,000, up 12% compared to the same period last year. The median price per square foot was $176.98, up 23.8% year-over-year. There were 74 homes sold, down from 76 last year.

lightbulbWhat does this mean?

The median sale price helps you understand how much you should expect to spend on a home in a market. The higher the median price of the homes, the more expensive the market is overall. The rate at which home prices change is an indicator of whether homes are becoming more or less affordable in that market. Learn more about buying a home.

Real Estate Market Report Home Valuation Illustration

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Real Estate Market Report Home Valuation Illustration

Get your maximum home value with minimal effort

Use Orchard’s free tool to get your most accurate home valuation today.

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Housing Supply

On August 06, 2022, the total number of homes for sale in Smith County, TX was 294, down 4.5% compared to last year. Based on home data between July 07, 2022 and August 06, 2022, 82 new homes were listed for sale, down 23.4% year-over-year. The median days on market was 18, up from 15.25 days last year. The months of supply was 2.3, down from 2.38 months last year.

lightbulbWhat does this mean?

The number of homes that are available for sale in a market tells you how much choice you have. The rate at which this number changes indicates whether the number of options are increasing or decreasing for buyers. Learn more about buying in a hot market.

Real Estate Market Report Home Valuation Illustration

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Real Estate Market Report Home Valuation Illustration

Your dream home is waiting for you.

Tell us your must-haves, and we’ll share all the homes that meet your criteria.

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Housing Demand

Based on home data between July 07, 2022 and August 06, 2022, homes in Smith County, TX had a median sale-to-list-price ratio of 97.85%, down 2.1 pt compared to the same period last year. 23.29% of homes sold above list price, down 13.2 pt year-over-year. 26.03% of homes listed dropped in price, up 9.8 pt from last year.

lightbulbWhat does this mean?

Sale-to-list price tells you how much you may have to pay over the asking price to buy the home you want. When this number is above 100%, you may need to pay more than the asking price for the home you want.

Real Estate Market Report Median Sale Price Illustration

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Real Estate Market Report Median Sale Price Illustration

Cash offers are 4x more likely to be accepted.

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Homes For Sale In Smith County

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