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Smyrna TN Market Update – July 2025 Real Estate Trends
Here’s your Smyrna TN Market Update using July 2025 data. Whether you’re thinking about buying or selling, this update breaks down the latest shifts in the local housing market and what they mean for you.
Watch the Full Market Breakdown on YouTube:
https://youtu.be/eJ1cVZoT1GI
At a Glance: Key Numbers from July 2025
| Metric | July 2024 | July 2025 | YoY Change |
|---|---|---|---|
| New Listings | 118 | 133 |  13% |
| Homes Under Contract | 67 | 68 | 1% |
| Total Inventory | 382 | 340 |  11% |
| Closings | 78 | 87 | 12% |
| Median Sale Price | $462,508 | $480,000 | 4% |
| Average Days on Market | 18 | 33 | 82% |
| Months of Supply | 2.8 | 2.88 |  Flat |
What This Means for Sellers
Is This the Right Time to Sell?
Sellers in Smyrna still have the advantage of increasing home values, but patience may be required. Here’s what to take from the data:
- Higher Median Sale Price: The median home price rose 4% year over year, now sitting at $480,000. That’s a solid appreciation rate in a market that’s shifting toward balance.
- Longer Time on Market: The average number of days on market increased from 18 to 33 nearly doubling. If you’re selling, this means presentation, price, and strategy matter more than ever.
- More Listings, Less Inventory: Although 13% more homes hit the market, total inventory actually dropped. This tells us many homes are moving just not always quickly.
Thinking of selling? Get a custom estimate for your home at: https://getyourhomeestimate.com
What Buyers Need to Know in Smyrna TN
Buyers are seeing some breathing room — but not necessarily big discounts.
- Increased Inventory Gives You Options: Active inventory is up 18%, with 214 homes on the market. This helps reduce competition and opens more opportunities to find the right fit.
- Longer DOM = Negotiation Power: With homes sitting on the market longer, buyers may have a better shot at negotiating price, terms, or concessions especially if the home has been listed for a few weeks.
- Prices Still Rising: While appreciation has slowed, homes are still going up in value. Waiting too long might mean paying more later or missing out on favorable loan terms.
Key Takeaways by the Numbers
- List-to-Contract Timeframe: 58 days average up from 40. Buyers are taking longer to decide.
- Contract-to-Close Timeline: Down to 49 days that’s faster than last year’s 73 days, meaning once you’re under contract, things are moving quicker.
- List-to-Close Total: 95 days on average. That’s a little over 3 months from list to payday.
What Kind of Market Is This?
We’re seeing signs of a balanced market not quite a seller’s market anymore, but not a full buyer’s market either. Here’s why:
- Months of supply is at 2.88 not low enough to spark bidding wars across the board, but not high enough for deep price cuts either.
- Buyers are being more selective, and sellers need to stand out.
This is not the 2020–2021 frenzy, but homes priced well and marketed correctly are still selling at or near asking price and quickly if they shine.
Tips for Buyers
- Get pre-approved before touring — serious buyers still move fast.
- Pay attention to price reductions and stale listings (30+ days).
- Don’t ignore homes that need light cosmetic work — they may offer room to build equity.
- Ask about seller concessions or rate buydowns — those are back on the table.
Tips for Selling in the Current Smyrna Market
- Price right from the start. Overpricing leads to longer days on market, which hurts your negotiating position.
- Update the home where it counts: think fresh paint, clean landscaping, and curb appeal.
- Work with an agent (like me
) who actively markets across platforms, not just the MLS.
) who actively markets across platforms, not just the MLS.
Ready to talk strategy? Text or call me at 615-730-0037.
FAQs About the Smyrna TN Market Update
Q: Are homes in Smyrna still selling over asking?
A: In most cases, no. Only standout homes in top condition or priced competitively are seeing multiple offers.
Q: Is it a good time to buy in Smyrna?
A: Yes — inventory is up, prices are stable, and interest rates may shift. Now is a smart time to shop if you’re financially ready.
Q: Can I still sell for top dollar?
A: Absolutely — especially if you prep and price correctly. I help sellers strategize for maximum exposure and value.
Q: What’s the average price per square foot right now?
A: While not shown here, most homes are selling between $180–$220/sq ft, depending on neighborhood and finishes. Ask me for a report specific to your area.
Want to see what your home could sell for today? https://getyourhomeestimate.com
Don’t Miss the Video Breakdown
Want a deeper dive? I go over what these numbers mean and what’s likely coming next in this quick video:
Watch the July 2025 Market Update
Helpful Links
Get Your Home’s Value: https://getyourhomeestimate.com
Call or Text Me: 615-730-0037
Book a 15 minute Discovery Call: calendly.com/callpatttochat
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