Is Middle Smithfield Township, PA 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, Middle Smithfield Township has remained a Seller's Market.
Key Takeaway
Middle Smithfield Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Middle Smithfield Township, PA
How much do homes in Middle Smithfield Township, PA cost?
Median Sold Price
$307,500
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Middle Smithfield Township have sold for 17.1% more than they did a year ago.
Summary: The median home sold price in Middle Smithfield Township was $307,500 in March 2024, up 17.1% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $102.5K | - | N/A |
| 2 Bedrooms | $179.2K | $179.9K | 0.4% |
| 3 Bedrooms | $249.9K | $287.1K | +14.9% |
| 4 Bedrooms | $297.5K | $340K | +14.3% |
| 5+ Bedrooms | $340K | $387.5K | +14.0% |
Summary: Middle 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 0.4%, 3 bedroom homes increased by 14.9%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 14%.
Median Sold Price Compared To Nearby Cities
| Lehman Township | $225K | $266K | +18.2% |
| Middle Smithfield Township | $262.5K | $307.5K | +17.1% |
| Bushkill | $224.9K | $255K | +13.4% |
Housing Supply in Middle Smithfield Township, PA
How many homes are available in Middle Smithfield Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 35 | 34 | -2.9% |
Summary: The Middle Smithfield Township real estate market had 34 homes for sale in March 2024, a 2.9% 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 | 1 | 0 | -100.0% |
| 3 Bedrooms | 13 | 13 | 0.0% |
| 4 Bedrooms | 13 | 12 | -7.7% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Middle 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 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 9 | +80.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Middle Smithfield Township, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Middle Smithfield Township in March 2024, up by 80.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 33% were sold at asking, and 11% were sold over asking.
Days on Market for Middle Smithfield Township, PA
How long does it take to sell a home in Middle Smithfield Township, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 45 Days | 56 Days | +24.3% |
Summary: Homes in Middle Smithfield Township had an average of 56 days on market in Mar 2024, up by 24.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Middle Smithfield Township has remained consistent over time.
Summary: During March 2024, 9 homes were sold in Middle Smithfield Township; 33% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
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