Is Smithsburg, MD 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, Smithsburg has remained a Buyer's Market.
Housing Prices in Smithsburg, MD
How much do homes in Smithsburg, MD cost?
Median Sold Price
$342,000
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Smithsburg was $342,000 in March 2024, up 18.3% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $76.1K | - | N/A |
2 Bedrooms | $247.5K | $285K | +15.2% |
3 Bedrooms | $271.2K | $295K | +8.8% |
4 Bedrooms | $354.9K | $428.7K | +20.8% |
5+ Bedrooms | - | $363.5K | N/A |
Summary: Smithsburg 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 increased by 15.2%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 20.8%, and 5+ bedroom homes did not change.
Housing Supply in Smithsburg, MD
How many homes are available in Smithsburg, MD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
33 | 40 | +21.2% |
Summary: The Smithsburg real estate market had 40 homes for sale in March 2024, a 21.2% 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 | 7 | 11 | +57.1% |
3 Bedrooms | 13 | 15 | +15.4% |
4 Bedrooms | 11 | 11 | 0.0% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Smithsburg 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 increased by 57.1%, 3 bedroom homes increased by 15.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 3 | -25.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Smithsburg in March 2024, down by 25.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Smithsburg, MD
How long does it take to sell a home in Smithsburg, MD?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
38 Days | 19 Days | -50.0% |
Summary: Homes in Smithsburg had an average of 19 days on market in Mar 2024, down by 50% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 3 homes were sold in Smithsburg; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.