Is Smithville Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Smithville Township is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Smithville Township has remained a Seller's Market.

Key Takeaway

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

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

+$30,686(+6.0%)

Key Takeaway

Homes in Smithville Township have sold for 6% more than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 $264.5K$292K
+10.4%
2 $370K$385K
+4.1%
3 $504.6K$523.8K
+3.8%
4 $750K$793.5K
+5.8%
5+ $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
+15.2%
Caswell Beach
+13.8%
Smithville Township
+6.0%
Boiling Spring Lakes
+5.3%
Southport
-6.9%

Housing Supply in Smithville Township, NC

How many homes are available in Smithville Township, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
425479+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

# BEDSFeb 2024Mar 2024CHANGE
1 911
+22.2%
2 4452
+18.2%
3 246270
+9.8%
4 7693
+22.4%
5+ 5053
+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 2024Mar 2024CHANGE
5585+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Smithville Township, you may be able to get a good deal. 67.1% of homes here sold below asking price last month.

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 2023Mar 2024CHANGE
55 Days80 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Smithville Township are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

Newest Listings in Smithville Township, NC

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