Are Home Prices Rising or Falling in Smyrna, TN?
Buyers considering Smyrna, a city near Nashville, TN, may find slightly better deals than a year ago as prices have cooled modestly. Here's why, and what buyers and sellers should know today.
The National Picture
The median U.S. home sold for $398,596 in the 3 months ending August 2026, a 2% bump from last year. Despite that increase, the cost of homeownership relative to income has actually improved. A typical American household earns about $87,599 and now puts about 34% toward housing, down roughly 2 percentage points year over year. Nationwide, 20% of active listings have had a price cut, there are about 4 months of supply, and homes go under contract in a median of 50 days.
Home Prices in the Nashville Area
In the Nashville metro, the median sale price sits at roughly $480,000, flat from a year ago. The typical metro household earns about $96,448 per year, spending around 36.3% on housing costs. Smyrna, with a median of $413,476, sits below the metro median and could stretch further for buyers earning the area's typical income.
Prices Cool 3% as Sellers Adjust
Smyrna's median home price dropped 3% year over year to $413,476, about $13,000 less than what a buyer would have paid last year. Nearly 40% of active listings have had a price cut, and homes take a median of 61 days to sell. About 11% of sales closed above list price, with the average sale at 99% of asking. Nearby Murfreesboro also saw a slight decline at -1%, while La Vergne posted a modest 2% gain.
Why Are Prices Pulling Back in Smyrna?
Both supply and demand have contracted, but buyer activity has dipped slightly more. New listings fell 16% from last year, and active inventory edged down about 3%. Pending sales slipped 2% as well. With 4.2 months of supply and 40% of listings reduced, sellers are competing for a smaller buyer pool. The result is a market that has cooled enough to give buyers modest price relief and additional room to negotiate.
| City | Median Price | Price YoY | Price Drops | Months of Supply |
|---|---|---|---|---|
| Smyrna ★ | $413,476 | -3.0% | 39.7% | 4.2 |
| Murfreesboro | $429,716 | -1.2% | 33.2% | 4.0 |
| La Vergne | $378,549 | +2.3% | 33.4% | 4.6 |
| Spring Hill | $508,284 | -4.1% | 34.6% | 4.1 |
| Columbia | $368,006 | -1.1% | 40.1% | 4.7 |
| Nolensville | $929,385 | -7.1% | 29.2% | 3.9 |
Limited to cities with at least 10 home sales in the period.
All data comes from Redfin and represents a 3 months ending August 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.
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