$475 Closing Credit*
$40,000
1,056 SqFt
3 Beds
•2 Full Baths
Albert C Leskovar Jr., Listing Office: Myers Realty
Is Smyrna, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Smyrna has remained a Buyer's Market.
Key Takeaway
Smyrna is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Smyrna, DE
How much do homes in Smyrna, DE cost?
Median Sold Price
$366,168
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$1,835(+0.5%)
Key Takeaway
Homes in Smyrna have sold for 0.5% more than they did a year ago.
Summary: The median home sold price in Smyrna was $366,168 in November 2024, up 0.5% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140K | $180K | +28.6% |
| 2 Bedrooms | $369.2K | $356K | -3.6% |
| 3 Bedrooms | $315.5K | $339K | +7.4% |
| 4 Bedrooms | $475K | $470K | -1.1% |
| 5+ Bedrooms | $520K | $541.2K | +4.1% |
Summary: Smyrna housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.6%, 2 bedroom homes decreased by 3.6%, 3 bedroom homes increased by 7.4%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes increased by 4.1%.
Median Sold Price Compared To Nearby Cities
| Middletown-Odessa | $460.6K | $494.9K | +7.4% |
| Clayton | $385K | $401K | +4.2% |
| Smyrna | $364.3K | $366.1K | 0.5% |
Housing Supply in Smyrna, DE
How many homes are available in Smyrna, DE?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 137 | 130 | -5.1% |
Summary: The Smyrna real estate market had 130 homes for sale in November 2024, a 5.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 20 | 17 | -15.0% |
| 3 Bedrooms | 48 | 55 | +14.6% |
| 4 Bedrooms | 54 | 48 | -11.1% |
| 5+ Bedrooms | 14 | 10 | -28.6% |
Summary: The Smyrna housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 15%, 3 bedroom homes increased by 14.6%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 17 | -32.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Smyrna, you could pay more than the asking price. 41.2% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in Smyrna in November 2024, down by 32.0% month-over-month. Of the 17 sold homes, 29% were sold under asking, 29% were sold at asking, and 41% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 34 Days | 32 Days | -4.7% |
Summary: Homes in Smyrna had an average of 32 days on market in Nov 2024, down by 4.7% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Smyrna are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 17 homes were sold in Smyrna; 53% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
