Is Smyrna, DE a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Smyrna is a seller's market

Buyer's
Market

Difference Since August 2021

Since last year, Smyrna has remained a Seller's Market.

Key Takeaway

Smyrna is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Smyrna, DE cost?

Median Sold Price

$255,750

$160/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$16,750(+7.0%)

Key Takeaway

Homes in Smyrna have sold for 7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 --
N/A
2 $185K-
N/A
3 $225K$247K
+9.8%
4 $328.2K$335K
+2.1%
5+ $361K$470K
+30.2%

Median Sold Price Compared To Nearby Cities

Clayton
+17.1%
Middletown-Odessa
+16.2%
Smyrna
+7.0%

How many homes are available in Smyrna, DE?

Number of Homes For Sale

Jul 2022Aug 2022%
5671+26.8%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 00
0.0%
2 36
+100.0%
3 3140
+29.0%
4 2123
+9.5%
5+ 12
+100.0%

Number of Homes Sold

Jul 2022Aug 2022%
418+350.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Smyrna, expect to pay close to the asking price. 38.9% of homes here sold near the asking price last month.

Average Sale Time

Aug 2021Aug 2022%
6 Days13 Days+100.0%

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Smyrna, DE

Homes for sale in Smyrna, DE have reached 71. The number of listings in Smyrna, DE increased by 26.8% between July 2022 and August 2022. In August 2022, listings were on the market for 13 days. During the same period, the median list price in this real estate market was $255,750. Real estate listing prices changed between July 2022 and August 2022: 1 bedroom properties prices increased by 0%, the cost of 2 bedrooms properties went up by 0%, the cost of 3 bedrooms properties went up by 9.8%, 4 bedrooms properties prices increased by 2.1%, prices of 5 bedrooms properties increased by 30.2%. This housing market inventory have changed: 1 bedroom homes did not move, the quantity of 2 bedrooms homes went up by 100%, number of 3 bedrooms homes increased by 29%, number of 4 bedrooms homes increased by 9.5%, volume of 5 bedrooms homes went up by 100%. In August 2022 more than 5 listings in Smyrna, DE were sold above the asking price. During the same period more than 7 listings were sold at asking price, while more than 6 were sold below.

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