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Is Smithville, GA 31787 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Smithville is a seller’s market. With about 3.2 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply3.2Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list96.6%Sold price ÷ list price
Median days on market4Listing to accepted offer
Median price per sq ft$186▼ −17.8% vs. last year

The Smithville housing market right now

In the three months ending August 31, 2026, 0% of homes in Smithville, GA 31787 sold above their list price, the typical home went under contract in 4 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 1 sale, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (381 days then) and the median sale price fell 13% to $308,866. Overall, Smithville is more competitive than a year ago, so tougher for buyers.

Run the numbers for 31787

Prefilled for 31787Can I win this house?Multiple-offer likelihood for a listing Prefilled for 31787Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

De Soto 31743 — /sq ftLeesburg 31763Balanced $160 /sq ft Browse all markets →

Towns like Smithville nearby

Find towns like Smithville in other states →
Poulan, GA31781 · 35 miles away57% similarlower income ($40K less) · cheaper homes ($70K less) Ellaville, GA31806 · 25 miles away55% similarlower income ($34K less) · larger Unadilla, GA31091 · 38 miles away55% similarcheaper homes ($98K less) · larger Leslie, GA31764 · 10 miles away54% similarpricier homes ($31K more) · larger

Where Smithville is

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Questions about Smithville real estate

Is Smithville a buyer’s or seller’s market?

A seller’s market: there were 3.2 months of supply in Smithville, GA 31787 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Smithville?

The typical home went under contract in 4 days in the latest three months.

Do homes in Smithville sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 96.6% of the list price.

What are property taxes in Smithville?

About 0.97% of a home’s value a year in Lee County, or roughly $3,880 on a $400,000 home.

What is the median home price in Smithville?

The median sale price was $308,866 in the three months ending August 31, 2026, about $186 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology