Is Smithfield Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Smithfield Township has remained a Seller's Market.
Housing Prices in Smithfield Township, NC
How much do homes in Smithfield Township, NC cost?
Median Sold Price
$309,500
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Smithfield Township was $309,500 in April 2024, down 5.4% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $160K | $180K | +12.5% |
3 Bedrooms | $302.1K | $300.5K | -0.6% |
4 Bedrooms | $396K | $370K | -6.6% |
5+ Bedrooms | $399.6K | $382.3K | -4.3% |
Summary: Smithfield Township 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 12.5%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes decreased by 6.6%, and 5+ bedroom homes decreased by 4.3%.
Median Sold Price Compared To Nearby Cities
Selma | $307.6K | $309.6K | +0.6% |
Smithfield Township | $327K | $309.5K | -5.4% |
Smithfield | $323.7K | $305K | -5.8% |
Wilson Mills Township | $356.9K | $330K | -7.6% |
Wilson's Mills | $353K | $315.6K | -10.6% |
Housing Supply in Smithfield Township, NC
How many homes are available in Smithfield Township, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
118 | 122 | +3.4% |
Summary: The Smithfield Township real estate market had 122 homes for sale in April 2024, a 3.4% 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 | 5 | 3 | -40.0% |
3 Bedrooms | 85 | 87 | +2.4% |
4 Bedrooms | 25 | 29 | +16.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Smithfield Township 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 decreased by 40%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 16%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
31 | 31 | 0.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in Smithfield Township in April 2024, the same as the previous month. Of the 31 sold homes, 39% were sold under asking, 52% were sold at asking, and 10% were sold over asking.
Days on Market for Smithfield Township, NC
How long does it take to sell a home in Smithfield Township, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
92 Days | 60 Days | -34.4% |
Summary: Homes in Smithfield Township had an average of 60 days on market in Apr 2024, down by 34.4% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During April 2024, 31 homes were sold in Smithfield Township; 55% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.