Is Smithton, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Smithton has remained a Seller's Market.
Key Takeaway
Smithton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Smithton, IL
How much do homes in Smithton, IL cost?
Median Sold Price
$270,000
$132/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Smithton have sold for 1.8% less than they did a year ago.
Summary: The median home sold price in Smithton was $270,000 in April 2024, down 1.8% from last year, and the median price per square foot was $132.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $212.5K | $204.9K | -3.6% |
| 3 Bedrooms | $269.9K | $251.5K | -6.8% |
| 4 Bedrooms | $312.5K | $422.5K | +35.2% |
| 5+ Bedrooms | $586.7K | $425K | -27.6% |
Summary: Smithton housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.6%, 3 bedroom homes decreased by 6.8%, 4 bedroom homes increased by 35.2%, and 5+ bedroom homes decreased by 27.6%.
Median Sold Price Compared To Nearby Cities
| Freeburg | $237K | $281.6K | +18.8% |
| Belleville Township | $155K | $180.1K | +16.2% |
| Prairie Du Long Township | $315K | $354.3K | +12.5% |
| Smithton Township | $275K | $280K | +1.8% |
| Smithton | $275K | $270K | -1.8% |
Housing Supply in Smithton, IL
How many homes are available in Smithton, IL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 15 | +36.4% |
Summary: The Smithton real estate market had 15 homes for sale in April 2024, a 36.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 5 | 8 | +60.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Smithton housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 60%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Smithton, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Smithton in April 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Smithton, IL
How long does it take to sell a home in Smithton, IL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 62 Days | 40 Days | -35.8% |
Summary: Homes in Smithton had an average of 40 days on market in Apr 2024, down by 35.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Smithton has remained consistent over time.
Summary: During April 2024, 4 homes were sold in Smithton; 25% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.