Smithville Market Recap: Sales Up, Prices Steady in Rolling Six Months

Smithville saw 55 closed sales over the rolling six months ending October 31, 2026, a significant increase from the 37 closings in the prior six-month window and well above the 32 sales recorded in the same period last year. The median closing price settled at $315,000, reflecting a 3.2% gain compared to the previous year, though it dipped slightly by 1.0% from the prior six-month period. ALEX Intelligence analyzed the market dynamics using a rolling window approach to account for seasonal fluctuations in this smaller market. The median price per square foot rose to $202.77, an 11.6% increase over the prior six months, indicating stronger value retention despite the slight dip in overall median price. Homes spent a median of 100 days on market, which is 16.7% faster than the previous period but still 85.2% longer than the same time last year, suggesting a slower pace of movement compared to historical norms. The relationship between list and sale prices has tightened slightly, with homes selling for 93.7% of their original list price on average, up from 88.7% in the prior period. This improvement coincides with a lower share of sales closing below the original list price (83.6%), down from 86.5%. With 69 active listings and 55 closings over six months, the market currently holds 7.53 months of inventory, indicating a balanced to slightly buyer-favorable environment. New construction activity contributed 7 closed sales during this window, while the median living area for sold homes was 1,609 square feet. The data reflects a market that is moving with more volume than last year but at a slower pace than the immediate past six months, with prices holding steady against inflationary pressures. Want a closer look? Reply or call George at 713.918.9951 and we'll set up a 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