Is Smithville Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Smithville Township was a Seller's Market.
Housing Prices in Smithville Township, NC
How much do homes in Smithville Township, NC cost?
Median Sold Price
$579,986
$383/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Smithville Township was $579,986 in May 2024, up 12.6% from last year, and the median price per square foot was $383.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $280K | $275K | -1.8% |
2 Bedrooms | $375K | $386.2K | +3.0% |
3 Bedrooms | $509.3K | $547K | +7.4% |
4 Bedrooms | $745K | $830K | +11.4% |
5+ Bedrooms | $1.3M | $1.3M | -1.0% |
Summary: Smithville Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.8%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes decreased by 1%.
Median Sold Price Compared To Nearby Cities
Saint James | $629.5K | $739K | +17.4% |
Smithville Township | $515K | $579.9K | +12.6% |
Caswell Beach | $516.5K | $572K | +10.7% |
Boiling Spring Lakes | $300K | $309.9K | +3.3% |
Southport | $438.3K | $419.8K | -4.2% |
Housing Supply in Smithville Township, NC
How many homes are available in Smithville Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
492 | 506 | +2.8% |
Summary: The Smithville Township real estate market had 506 homes for sale in May 2024, a 2.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 11 | 0.0% |
2 Bedrooms | 54 | 58 | +7.4% |
3 Bedrooms | 267 | 275 | +3.0% |
4 Bedrooms | 112 | 112 | 0.0% |
5+ Bedrooms | 48 | 50 | +4.2% |
Summary: The Smithville Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 4.2%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
91 | 83 | -8.8% |
Asking Price vs. Sold Price
53 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 83 homes were sold or pending in Smithville Township in May 2024, down by 8.8% month-over-month. Of the 83 sold homes, 64% were sold under asking, 22% were sold at asking, and 14% were sold over asking.
Days on Market for Smithville Township, NC
How long does it take to sell a home in Smithville Township, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
70 Days | 60 Days | -13.8% |
Summary: Homes in Smithville Township had an average of 60 days on market in May 2024, down by 13.8% compared to last year.
Breakdown of Home Sale Times
48 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Summary: During May 2024, 83 homes were sold in Smithville Township; 58% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.