How Competitive is the Smyrna, TN Housing Market?

by Tracey Gracey

Smyrna, a city near Nashville, TN, is a moderately competitive housing market. About 19% of homes sold above list price in the 3 months ending June 2026—up nearly 7 percentage points from a year ago.

The National Picture

Smyrna's 19.3% sold-above rate approaches the national 24.6% and its 99.1% sale-to-list ratio tops the national 98.3%. However, 69 days on market still exceeds the national 50, placing Smyrna in a middle zone: buyers face meaningful competition on pricing but still have some time to evaluate listings before they disappear.

Overbidding Surged Despite Fewer Sales

Homes sold declined 18% year over year to 233, yet the sold-above rate surged 7 points. That apparent contradiction points to a winnowing effect: the buyers who remained in the market competed more aggressively for fewer available homes. Compared to neighboring Blackman (9.6% sold above, 68 days), Smyrna's competition is roughly double. Downtown Murfreesboro matches at 20% sold above but moves in just 33 days.

Why is Smyrna Moderately Competitive?

Smyrna is moderately competitive because remaining buyers are motivated enough to move quickly, even as overall transaction volume has declined. Days on market improved by 8 days year over year even as sales volume fell, which indicates the remaining active buyers are acting more decisively. Active listings grew a modest 3% to 580, but pending sales dropped 10%, pushing months of supply to 4.4. The $417,000 median price (down 4% YoY) makes Smyrna affordable relative to Nashville, sustaining enough demand to generate competition among the smaller pool of active buyers.

Nearby Neighborhoods

Neighborhood	Sold Above List	Sale-to-List	Days on Market	Off Market in 2 Wks
Smyrna	19.3%	99.1%	69 days	31.1%
Blackman	9.6%	98.6%	68 days	24.2%
West Murfreesboro	15.9%	99.7%	56 days	33.3%
Three Rivers	17.6%	99.5%	67 days	42.3%
Downtown Murfreesboro	20.0%	96.7%	33 days	30.4%
Antioch-Priest Lake	19.6%	98.0%	63 days	28.4%

Limited to neighborhoods with at least 10 home sales in the period.

All data comes from Redfin and represents a three-month rolling average ending June 2026. This article has been generated, in whole or in part, using generative artificial intelligence (AI) technology, with input from Redfin head of economics research Chen Zhao. While efforts have been made to ensure the accuracy and reliability of this information, you should independently verify all data, facts, and citations contained in this article before relying on it for any purpose. This information is not a substitute for advice from a real estate agent, financial advisor, or other licensed professional. Check the Redfin Data Center for additional in-depth housing market data.