Is Smithsburg, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Smithsburg was a Seller's Market.
Key Takeaway
Smithsburg is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Smithsburg, MD
How much do homes in Smithsburg, MD cost?
Median Sold Price
$345,000
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Smithsburg have sold for 21.9% more than they did a year ago.
Summary: The median home sold price in Smithsburg was $345,000 in April 2024, up 21.9% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $76.1K | - | N/A |
| 2 Bedrooms | $260K | $290K | +11.5% |
| 3 Bedrooms | $271.2K | $302.2K | +11.4% |
| 4 Bedrooms | $339.9K | $428.7K | +26.1% |
| 5+ Bedrooms | - | $363.5K | N/A |
Summary: Smithsburg housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 26.1%, and 5+ bedroom homes did not change.
Housing Supply in Smithsburg, MD
How many homes are available in Smithsburg, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 21 | +40.0% |
Summary: The Smithsburg real estate market had 21 homes for sale in April 2024, a 40.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 6 | 8 | +33.3% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 2 | 5 | +150.0% |
Summary: The Smithsburg housing inventory by bedroom type for April 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 33.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 1 | -75.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Smithsburg, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Smithsburg in April 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Smithsburg, MD
How long does it take to sell a home in Smithsburg, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 10 Days | 2 Days | -80.5% |
Summary: Homes in Smithsburg had an average of 2 days on market in Apr 2024, down by 80.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Smithsburg are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 1 homes were sold in Smithsburg; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
