Is Smiths Creek, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Smiths Creek is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Smiths Creek, MI

How much do homes in Smiths Creek, MI cost?

Median Sold Price

$224,950

$146/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$34,950(+18.4%)

Key Takeaway

Homes in Smiths Creek have sold for 18.4% more than they did a year ago.

Summary: The median home sold price in Smiths Creek was $224,950 in February 2024, up 18.4% from last year, and the median price per square foot was $146.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 -$18K
N/A
2 $154.9K$139.9K
-9.7%
3 $200K$235K
+17.5%
4 $207.5K$241K
+16.1%
5+ $437.5K$299.9K
-31.5%

Summary: Smiths Creek housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.7%, 3 bedroom homes increased by 17.5%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes decreased by 31.5%.

Median Sold Price Compared To Nearby Cities

Smiths Creek
+18.4%
Kimball Township
+18.4%
Marysville
+9.1%
Port Huron Charter Township
-1.6%

Housing Supply in Smiths Creek, MI

How many homes are available in Smiths Creek, MI?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2220-9.1%

Summary: The Smiths Creek real estate market had 20 homes for sale in February 2024, a 9.1% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 44
0.0%
3 1511
-26.7%
4 24
+100.0%
5+ 11
0.0%

Summary: The Smiths Creek housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 26.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
54-20.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Smiths Creek, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Smiths Creek in February 2024, down by 20.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.

Days on Market for Smiths Creek, MI

How long does it take to sell a home in Smiths Creek, MI?

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Smiths Creek has remained consistent over time.

Summary: During February 2024, 4 homes were sold in Smiths Creek; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% 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 3 Days Ago

Newest Listings in Smiths Creek, MI

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