Smithville Market Pulse: Prices Dip Slightly in Rolling Six Months

Smithville home prices dipped slightly over the last six months, with the median closing price settling at $320,000 across 53 closed sales. This represents a 2.1% decrease from the prior six-month period, though it remains 2.6% higher than the same window a year ago. The market saw increased activity, with 53 homes selling compared to just 37 in the previous six months. Buyers are finding slightly more room for negotiation, as the median close-to-original list ratio rose to 93.7%, up from 88.7% previously. Homes are also selling faster than before, with the median days on market dropping to 80 days, a 12.1% improvement over the prior period. However, properties are still taking significantly longer to sell than they did a year ago, when the median time was just 42 days. The average home size sold in this window was 1,609 square feet, which is 11.7% smaller than the prior six-month average. Price per square foot rose to $214, up 16.3% from the previous period, reflecting a shift toward smaller properties or higher-value finishes. With 70 active listings currently on the market, the supply remains steady as buyers and sellers adjust to current conditions. ALEX Intelligence analyzes these trends to provide a clear view of local market dynamics without projecting future direction. Want to see this home? Call or text George at 713.918.9951 for a private showing. Data from Unlock MLS. Information deemed reliable but not guaranteed. Model outputs are ALEX Intelligence estimates, not appraisals. Read more Central Texas market data on the ALEX blog: https://alex-companies.com/blog