Is Smithton Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Smithton Township has remained a Seller's Market.
Key Takeaway
Smithton Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Smithton Township, IL
How much do homes in Smithton Township, IL cost?
Median Sold Price
$278,000
$132/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Smithton Township have sold for 1.6% more than they did a year ago.
Summary: The median home sold price in Smithton Township was $278,000 in March 2024, up 1.6% from last year, and the median price per square foot was $132.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $205K | $165K | -19.5% |
| 3 Bedrooms | $238.7K | $259.3K | +8.6% |
| 4 Bedrooms | $353K | $417.5K | +18.3% |
| 5+ Bedrooms | $586.7K | $425K | -27.6% |
Summary: Smithton Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 19.5%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 18.3%, and 5+ bedroom homes decreased by 27.6%.
Median Sold Price Compared To Nearby Cities
| Belleville Township | $151.7K | $178.8K | +17.9% |
| Freeburg | $237K | $278K | +17.3% |
| Freeburg Township | $242.5K | $280K | +15.5% |
| Smithton Township | $273.5K | $278K | +1.6% |
| Smithton | $275K | $270K | -1.8% |
Housing Supply in Smithton Township, IL
How many homes are available in Smithton Township, IL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 12 | 15 | +25.0% |
Summary: The Smithton Township real estate market had 15 homes for sale in March 2024, a 25.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Smithton Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Smithton Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Smithton Township in March 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 27 Days | 58 Days | +111.0% |
Summary: Homes in Smithton Township had an average of 58 days on market in Mar 2024, up by 111% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Smithton Township has remained consistent over time.
Summary: During March 2024, 3 homes were sold in Smithton Township; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.