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 neutral's market

Buyer's
Market

Difference Since June 2023

At the same time last year, Smithville Township was a Seller's Market.

Key Takeaway

Smithville Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Smithville Township, NC

How much do homes in Smithville Township, NC cost?

Median Sold Price

$578,006

$383/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$62,081(+12.0%)

Key Takeaway

Homes in Smithville Township have sold for 12% more than they did a year ago.

Summary: The median home sold price in Smithville Township was $578,006 in June 2024, up 12% from last year, and the median price per square foot was $383.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $286K$250K
-12.6%
2 $370K$390K
+5.4%
3 $509.9K$544.7K
+6.8%
4 $732.5K$850K
+16.0%
5+ $1.4M$1.2M
-12.8%

Summary: Smithville Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.6%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 16%, and 5+ bedroom homes decreased by 12.8%.

Median Sold Price Compared To Nearby Cities

Saint James
+18.9%
Smithville Township
+12.0%
Caswell Beach
+6.8%
Boiling Spring Lakes
+2.7%
Southport
-3.4%

Housing Supply in Smithville Township, NC

How many homes are available in Smithville Township, NC?

Number of Homes For Sale

May 2024Jun 2024CHANGE
504503-0.2%

Summary: The Smithville Township real estate market had 503 homes for sale in June 2024, a 0.2% decrease compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 1110
-9.1%
2 5762
+8.8%
3 277267
-3.6%
4 113116
+2.7%
5+ 4648
+4.3%

Summary: The Smithville Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 9.1%, 2 bedroom homes increased by 8.8%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 4.3%.

Number of Homes Sold

May 2024Jun 2024CHANGE
9172-20.9%

Asking Price vs. Sold Price

52 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

3 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. 72.2% of homes here sold below asking price last month.

Summary: A total of 72 homes were sold or pending in Smithville Township in June 2024, down by 20.9% month-over-month. Of the 72 sold homes, 72% were sold under asking, 24% were sold at asking, and 4% 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

Jun 2023Jun 2024CHANGE
55 Days74 Days+34.8%

Summary: Homes in Smithville Township had an average of 74 days on market in Jun 2024, up by 34.8% compared to last year.

Breakdown of Home Sale Times

28 Homes Were Sold
Under 30 Days

21 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 June 2024, 72 homes were sold in Smithville Township; 39% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 32% 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 26 Days Ago

Newest Listings in Smithville Township, NC

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