Question 1

What is the median sold price in Smith?

Accepted Answer

The median sold price in Smith is $189,500 based on 5 home sales over the past 2 years. The median represents the middle price point where half of homes sold for more and half sold for less, making it a reliable indicator of typical home values in the area.

Question 2

What is the average home price in Smith?

Accepted Answer

The average sold price in Smith is $140,500. Note that the average ($140,500) is lower than the median ($189,500), which suggests the market has a fairly even distribution of home prices.

Question 3

What is the price range for homes in Smith?

Accepted Answer

Home prices in Smith range from $5,000 to $225,000 based on recent sales data. This $220,000 spread reflects the variety of property types and sizes available, from starter homes to luxury properties.

Question 4

Are homes in Smith selling above or below asking price?

Accepted Answer

On average, homes in Smith are selling at 94.7% of their asking price. This means buyers have significant negotiating power, with homes selling well below asking price. Buyers may have room to negotiate on price.

Question 5

How long do homes take to sell in Smith?

Accepted Answer

Homes in Smith are selling in an average of 97 days. This indicates a slower market where buyers have significant leverage. Buyers can take their time and carefully evaluate options before making an offer.

Question 6

What is the price per square foot in Smith?

Accepted Answer

The average price per square foot in Smith is $130. This metric helps you compare homes of different sizes on an equal basis. For example, a 2,000 sq ft home at this rate would cost approximately $260,000.

Question 7

What types of properties are selling in Smith?

Accepted Answer

The most common property types selling in Smith are: detached single family (3 sold, avg $157,500), vacant lot (2 sold, avg $115,000). Each property type has different price points and characteristics to consider when buying or selling.

Question 8

How much do detached homes cost in Smith?

Accepted Answer

Detached homes in Smith are selling for an average of $157,500, with 3 sales over the past 2 years.

Question 9

Are home prices rising or falling in Smith?

Accepted Answer

Home prices in Smith have increased by 216.2% over the past 2 years. The average sold price moved from $68,000 to $215,000. This upward trend indicates strong demand and potential equity gains for homeowners.

Question 10

Is Smith a buyer's or seller's market?

Accepted Answer

Based on current data, Smith is a buyer's market. Homes are selling in 97 days on average and at 94.7% of asking price. Buyers have leverage to negotiate on price and terms. Sellers may need to price competitively to attract offers.

Question 11

What percentage of homes sell above asking price in Smith?

Accepted Answer

In Smith, 0% of homes sold above asking price, while 60% sold below asking. Most homes sell at or below their listed price, giving buyers room to negotiate.

Question 12

What are the average property taxes in Smith?

Accepted Answer

The average annual property tax in Smith is $798, with a median of $799. Property taxes vary based on the assessed value of the home and are an important factor when calculating your total monthly housing costs.

Question 13

What size homes are selling in Smith?

Accepted Answer

Homes selling in Smith range from 1,095 to 1,306 square feet. This variety means you can find everything from compact condos and starter homes to spacious family residences and luxury properties.

Question 14

How much do home prices vary in Smith?

Accepted Answer

Smith shows high price diversity with a standard deviation of $87,986 around the average price of $140,500. This wide range indicates a diverse market with options at many price points.

Question 15

Where can I find recently sold homes in Smith?

Accepted Answer

You can view a comprehensive list of houses sold in Smith right here on our market history feed. We update our data daily to ensure you have access to the latest sold real estate listings and final closing prices.

Question 16

Why is seeing sold house prices important?

Accepted Answer

Sold house prices are the only true indicator of market value. Active listing prices are just "wishes," but recently sold homes reflect what buyers are actually willing to pay. Comparing active properties against homes that have recently sold helps you avoid overpaying.

Question 17

Can I see the final sold price on MLS® listings?

Accepted Answer

Yes. While public sites often remove the price once a deal closes, our MLS® listings sold page grants you access to the final sale numbers, days on market, and price history for recently sold homes in Smith.

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