Is Smithfield Township, NC 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, Smithfield Township has remained a Seller's Market.
Housing Prices in Smithfield Township, NC
How much do homes in Smithfield Township, NC cost?
Median Sold Price
$312,287
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Smithfield Township was $312,287 in May 2024, down 2.9% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $162.5K | $179K | +10.2% |
3 Bedrooms | $302K | $301K | -0.3% |
4 Bedrooms | $394.9K | $375K | -5.0% |
5+ Bedrooms | $378K | $436.1K | +15.4% |
Summary: Smithfield 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 10.2%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes increased by 15.4%.
Median Sold Price Compared To Nearby Cities
Smithfield Township | $321.7K | $312.2K | -2.9% |
Selma | $309K | $298.9K | -3.3% |
Smithfield | $320K | $306.4K | -4.2% |
Wilson Mills Township | $351.6K | $330K | -6.2% |
Wilson's Mills | $345K | $315.6K | -8.5% |
Housing Supply in Smithfield Township, NC
How many homes are available in Smithfield Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
148 | 146 | -1.4% |
Summary: The Smithfield Township real estate market had 146 homes for sale in May 2024, a 1.4% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 8 | +100.0% |
3 Bedrooms | 101 | 93 | -7.9% |
4 Bedrooms | 38 | 40 | +5.3% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Smithfield 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 decreased by 7.9%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
30 | 36 | +20.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 36 homes were sold or pending in Smithfield Township in May 2024, up by 20.0% month-over-month. Of the 36 sold homes, 33% were sold under asking, 50% were sold at asking, and 17% were sold over asking.
Days on Market for Smithfield Township, NC
How long does it take to sell a home in Smithfield Township, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
75 Days | 25 Days | -65.8% |
Summary: Homes in Smithfield Township had an average of 25 days on market in May 2024, down by 65.8% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 36 homes were sold in Smithfield Township; 75% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.