Is Smithfield Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Smithfield Township is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Smithfield Township was a Seller's Market.

Key Takeaway

Smithfield Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Smithfield Township, PA

How much do homes in Smithfield Township, PA cost?

Median Sold Price

$36,800

$29/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

-$182,200(-83.2%)

Key Takeaway

Homes in Smithfield Township have sold for 83.2% less than they did a month ago.

Summary: The median home sold price in Smithfield Township was $36,800 in September 2024, down 83.2% from last month, and the median price per square foot was $29.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 --
N/A
2 $138K$36.8K
-73.3%
3 $300K-
N/A
4 --
N/A
5+ --
N/A

Summary: Smithfield Township housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 73.3%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Smithfield Township, PA

How many homes are available in Smithfield Township, PA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
811+37.5%

Summary: The Smithfield Township real estate market had 11 homes for sale in September 2024, a 37.5% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 22
0.0%
3 57
+40.0%
4 01
+100.0%
5+ 11
0.0%

Summary: The Smithfield Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Smithfield Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Smithfield Township in September 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Smithfield Township, PA

How long does it take to sell a home in Smithfield Township, PA?

Average Sale Time

Aug 2024Sep 2024CHANGE
12 Days46 Days+283.3%

Summary: Homes in Smithfield Township had an average of 46 days on market in Sep 2024, up by 283.3% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Smithfield Township has remained consistent over time.

Summary: During September 2024, 1 homes were sold in Smithfield Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% 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 30 Days Ago

Newest Listings in Smithfield Township, PA

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