Is Smithton Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Smithton Township has remained a Seller's Market.
Housing Prices in Smithton Township, IL
How much do homes in Smithton Township, IL cost?
Median Sold Price
$280,000
$128/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Smithton Township was $280,000 in May 2024, up 2.9% from last year, and the median price per square foot was $128.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $159.9K | $207.5K | +29.8% |
3 Bedrooms | $265.7K | $261.5K | -1.6% |
4 Bedrooms | $361.8K | $420K | +16.1% |
5+ Bedrooms | $567.4K | $425K | -25.1% |
Summary: Smithton Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 29.8%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes decreased by 25.1%.
Median Sold Price Compared To Nearby Cities
Freeburg Township | $242.5K | $281.6K | +16.2% |
Freeburg | $242.5K | $278K | +14.6% |
Belleville Township | $160K | $180.3K | +12.7% |
Smithton Township | $272K | $280K | +2.9% |
Smithton | $272K | $271.5K | -0.2% |
Housing Supply in Smithton Township, IL
How many homes are available in Smithton Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
19 | 19 | 0.0% |
Summary: The Smithton Township real estate market had 19 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 1 | +100.0% |
3 Bedrooms | 11 | 11 | 0.0% |
4 Bedrooms | 6 | 5 | -16.7% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Smithton Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 7 | +16.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Smithton Township in May 2024, up by 16.7% month-over-month. Of the 7 sold homes, 14% were sold under asking, 43% were sold at asking, and 43% were sold over asking.
Days on Market for Smithton Township, IL
How long does it take to sell a home in Smithton Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
54 Days | 35 Days | -34.9% |
Summary: Homes in Smithton Township had an average of 35 days on market in May 2024, down by 34.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in Smithton Township; 14% of homes were sold within 30 days, 86% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.