Is Smithville 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, Smithville Township has remained a Seller's Market.
Housing Prices in Smithville Township, NC
How much do homes in Smithville Township, NC cost?
Median Sold Price
$545,542
$371/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Smithville Township was $545,542 in March 2024, up 6% from last year, and the median price per square foot was $371.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $264.5K | $292K | +10.4% |
2 Bedrooms | $370K | $385K | +4.1% |
3 Bedrooms | $504.6K | $523.8K | +3.8% |
4 Bedrooms | $750K | $793.5K | +5.8% |
5+ Bedrooms | $1.3M | $1.4M | +2.4% |
Summary: Smithville Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.4%, 2 bedroom homes increased by 4.1%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 2.4%.
Median Sold Price Compared To Nearby Cities
Saint James | $610K | $702.4K | +15.2% |
Caswell Beach | $508.6K | $579K | +13.8% |
Smithville Township | $514.8K | $545.5K | +6.0% |
Boiling Spring Lakes | $299K | $314.9K | +5.3% |
Southport | $448.8K | $417.6K | -6.9% |
Housing Supply in Smithville Township, NC
How many homes are available in Smithville Township, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
425 | 479 | +12.7% |
Summary: The Smithville Township real estate market had 479 homes for sale in March 2024, a 12.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 11 | +22.2% |
2 Bedrooms | 44 | 52 | +18.2% |
3 Bedrooms | 246 | 270 | +9.8% |
4 Bedrooms | 76 | 93 | +22.4% |
5+ Bedrooms | 50 | 53 | +6.0% |
Summary: The Smithville Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.2%, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 22.4%, and 5+ bedroom homes increased by 6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
55 | 85 | +54.5% |
Asking Price vs. Sold Price
57 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 85 homes were sold or pending in Smithville Township in March 2024, up by 54.5% month-over-month. Of the 85 sold homes, 67% were sold under asking, 20% were sold at asking, and 13% were sold over asking.
Days on Market for Smithville Township, NC
How long does it take to sell a home in Smithville Township, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
55 Days | 80 Days | +46.8% |
Summary: Homes in Smithville Township had an average of 80 days on market in Mar 2024, up by 46.8% compared to last year.
Breakdown of Home Sale Times
40 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
23 Homes Were Sold
Over 90 Days
Summary: During March 2024, 85 homes were sold in Smithville Township; 47% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.