Is Smithfield Township, 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 Township has remained a Seller's Market.
Housing Prices in Smithfield Township, NC
How much do homes in Smithfield Township, NC cost?
Median Sold Price
$309,000
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Smithfield Township was $309,000 in March 2024, down 6.3% from last year, and the median price per square foot was $188.
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 | $301.3K | $300K | -0.4% |
4 Bedrooms | $391.3K | $370K | -5.5% |
5+ Bedrooms | $369.8K | $499.7K | +35.1% |
Summary: Smithfield 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 increased by 13.2%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes decreased by 5.5%, and 5+ bedroom homes increased by 35.1%.
Median Sold Price Compared To Nearby Cities
Selma | $308.5K | $305K | -1.1% |
Smithfield Township | $329.6K | $309K | -6.3% |
Smithfield | $324.9K | $303.6K | -6.5% |
Wilson Mills Township | $359K | $330K | -8.1% |
Wilson's Mills | $351.5K | $314.3K | -10.6% |
Housing Supply in Smithfield Township, NC
How many homes are available in Smithfield Township, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
113 | 107 | -5.3% |
Summary: The Smithfield Township real estate market had 107 homes for sale in March 2024, a 5.3% 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 | 79 | 79 | 0.0% |
4 Bedrooms | 24 | 19 | -20.8% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Smithfield 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 decreased by 12.5%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 20.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
21 | 32 | +52.4% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 32 homes were sold or pending in Smithfield Township in March 2024, up by 52.4% month-over-month. Of the 32 sold homes, 47% were sold under asking, 38% were sold at asking, and 16% were sold over asking.
Days on Market for Smithfield Township, NC
How long does it take to sell a home in Smithfield Township, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
94 Days | 107 Days | +13.3% |
Summary: Homes in Smithfield Township had an average of 107 days on market in Mar 2024, up by 13.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During March 2024, 32 homes were sold in Smithfield Township; 6% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.