Is Smithfield, NC 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, Smithfield has remained a Seller's Market.
Housing Prices in Smithfield, NC
How much do homes in Smithfield, NC cost?
Median Sold Price
$303,650
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Smithfield was $303,650 in March 2024, down 6.5% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $75.9K | - | N/A |
2 Bedrooms | $158.5K | $179.5K | +13.2% |
3 Bedrooms | $299.9K | $299.2K | -0.2% |
4 Bedrooms | $391.3K | $369.9K | -5.5% |
5+ Bedrooms | $369.8K | $531.8K | +43.8% |
Summary: Smithfield 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 13.2%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes decreased by 5.5%, and 5+ bedroom homes increased by 43.8%.
Median Sold Price Compared To Nearby Cities
Selma | $308.5K | $305K | -1.1% |
Selma Township | $306.3K | $299.9K | -2.1% |
Smithfield Township | $329.6K | $309K | -6.3% |
Smithfield | $324.9K | $303.6K | -6.5% |
Wilson Mills Township | $359K | $330K | -8.1% |
Housing Supply in Smithfield, NC
How many homes are available in Smithfield, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
104 | 97 | -6.7% |
Summary: The Smithfield real estate market had 97 homes for sale in March 2024, a 6.7% decrease 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 | 8 | 7 | -12.5% |
3 Bedrooms | 71 | 71 | 0.0% |
4 Bedrooms | 23 | 17 | -26.1% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Smithfield 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 decreased by 12.5%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 26.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
18 | 28 | +55.6% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in Smithfield in March 2024, up by 55.6% month-over-month. Of the 28 sold homes, 50% were sold under asking, 39% were sold at asking, and 11% were sold over asking.
Days on Market for Smithfield, NC
How long does it take to sell a home in Smithfield, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
94 Days | 116 Days | +23.0% |
Summary: Homes in Smithfield had an average of 116 days on market in Mar 2024, up by 23% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During March 2024, 28 homes were sold in Smithfield; 7% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.