Is Smith 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, Smith Township has remained a Seller's Market.
Key Takeaway
Smith Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Smith Township, PA
How much do homes in Smith Township, PA cost?
Median Sold Price
$172,500
$128/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Smith Township have sold for 13.5% more than they did a year ago.
Summary: The median home sold price in Smith Township was $172,500 in March 2024, up 13.5% from last year, and the median price per square foot was $128.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | - | N/A |
| 2 Bedrooms | $128K | $144K | +12.5% |
| 3 Bedrooms | $150.9K | $197.5K | +30.8% |
| 4 Bedrooms | $290K | $176K | -39.3% |
| 5+ Bedrooms | - | - | N/A |
Summary: Smith 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 12.5%, 3 bedroom homes increased by 30.8%, 4 bedroom homes decreased by 39.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Burgettstown | $148.7K | $210K | +41.2% |
| Smith Township | $152K | $172.5K | +13.5% |
Housing Supply in Smith Township, PA
How many homes are available in Smith Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 20 | +25.0% |
Summary: The Smith Township real estate market had 20 homes for sale in March 2024, a 25.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Smith Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Smith Township, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Smith Township in March 2024, up by 400.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Smith Township, PA
How long does it take to sell a home in Smith Township, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 78 Days | 98 Days | +25.6% |
Summary: Homes in Smith Township had an average of 98 days on market in Mar 2024, up by 25.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Smith Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 5 homes were sold in Smith Township; 40% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.
