Is Smyrna, DE 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, Smyrna was a Seller's Market.
Key Takeaway
Smyrna is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Smyrna, DE
How much do homes in Smyrna, DE cost?
Median Sold Price
$364,966
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Smyrna have sold for 14.1% more than they did a year ago.
Summary: The median home sold price in Smyrna was $364,966 in May 2024, up 14.1% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140K | - | N/A |
| 2 Bedrooms | $360K | $360K | 0.0% |
| 3 Bedrooms | $287.9K | $328.8K | +14.2% |
| 4 Bedrooms | $454K | $476K | +4.8% |
| 5+ Bedrooms | $447.5K | $550K | +22.9% |
Summary: Smyrna housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 14.2%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 22.9%.
Median Sold Price Compared To Nearby Cities
| Clayton | $344.9K | $399.9K | +16.0% |
| Smyrna | $320K | $364.9K | +14.1% |
| Middletown-Odessa | $452.8K | $481.7K | +6.4% |
Housing Supply in Smyrna, DE
How many homes are available in Smyrna, DE?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 132 | 140 | +6.1% |
Summary: The Smyrna real estate market had 140 homes for sale in May 2024, a 6.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 19 | 19 | 0.0% |
| 3 Bedrooms | 62 | 68 | +9.7% |
| 4 Bedrooms | 49 | 46 | -6.1% |
| 5+ Bedrooms | 2 | 7 | +250.0% |
Summary: The Smyrna 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 remained the same, 3 bedroom homes increased by 9.7%, 4 bedroom homes decreased by 6.1%, and 5+ bedroom homes increased by 250%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 28 | 22 | -21.4% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Smyrna, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in Smyrna in May 2024, down by 21.4% month-over-month. Of the 22 sold homes, 27% were sold under asking, 27% were sold at asking, and 45% were sold over asking.
Days on Market for Smyrna, DE
How long does it take to sell a home in Smyrna, DE?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 29 Days | 34 Days | +19.5% |
Summary: Homes in Smyrna had an average of 34 days on market in May 2024, up by 19.5% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Smyrna are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 22 homes were sold in Smyrna; 68% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
