Is Smithville Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Smithville Township is a neutral's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Smithville Township was a Seller's Market.

Key Takeaway

Smithville Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Smithville Township, NC

How much do homes in Smithville Township, NC cost?

Median Sold Price

$579,986

$383/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$64,986(+12.6%)

Key Takeaway

Homes in Smithville Township have sold for 12.6% more than they did a year ago.

Summary: The median home sold price in Smithville Township was $579,986 in May 2024, up 12.6% from last year, and the median price per square foot was $383.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $280K$275K
-1.8%
2 $375K$386.2K
+3.0%
3 $509.3K$547K
+7.4%
4 $745K$830K
+11.4%
5+ $1.3M$1.3M
-1.0%

Summary: Smithville Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.8%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes decreased by 1%.

Median Sold Price Compared To Nearby Cities

Saint James
+17.4%
Smithville Township
+12.6%
Caswell Beach
+10.7%
Boiling Spring Lakes
+3.3%
Southport
-4.2%

Housing Supply in Smithville Township, NC

How many homes are available in Smithville Township, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
492506+2.8%

Summary: The Smithville Township real estate market had 506 homes for sale in May 2024, a 2.8% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 1111
0.0%
2 5458
+7.4%
3 267275
+3.0%
4 112112
0.0%
5+ 4850
+4.2%

Summary: The Smithville 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 7.4%, 3 bedroom homes increased by 3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 4.2%.

Number of Homes Sold

Apr 2024May 2024CHANGE
9183-8.8%

Asking Price vs. Sold Price

53 Homes Were Sold
Under Asking

18 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Smithville Township, you may be able to get a good deal. 63.9% of homes here sold below asking price last month.

Summary: A total of 83 homes were sold or pending in Smithville Township in May 2024, down by 8.8% month-over-month. Of the 83 sold homes, 64% were sold under asking, 22% were sold at asking, and 14% were sold over asking.

Days on Market for Smithville Township, NC

How long does it take to sell a home in Smithville Township, NC?

Average Sale Time

May 2023May 2024CHANGE
70 Days60 Days-13.8%

Summary: Homes in Smithville Township had an average of 60 days on market in May 2024, down by 13.8% compared to last year.

Breakdown of Home Sale Times

48 Homes Were Sold
Under 30 Days

17 Homes Were Sold
In 30 - 90 Days

18 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Smithville Township are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 83 homes were sold in Smithville Township; 58% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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