$4,928 Closing Credit*
$415,000
2,018 SqFt
3 Beds
•3 Full Baths, 1 Partial
Lisa P Pearson, Listing Office: Patterson-Schwartz-Dover
Is Smyrna, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$365,000
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$1,067(-0.3%)
Key Takeaway
The sold price of homes in Smyrna has remained the same since last year.
Summary: The median home sold price in Smyrna was $365,000 in October 2024, down 0.3% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140K | $180K | +28.6% |
| 2 Bedrooms | $369.7K | $350K | -5.3% |
| 3 Bedrooms | $316K | $335K | +6.0% |
| 4 Bedrooms | $478.8K | $471.4K | -1.5% |
| 5+ Bedrooms | $510K | $542.5K | +6.4% |
Summary: Smyrna housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.6%, 2 bedroom homes decreased by 5.3%, 3 bedroom homes increased by 6%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes increased by 6.4%.
Median Sold Price Compared To Nearby Cities
| Clayton | $378.5K | $401K | +5.9% |
| Middletown-Odessa | $467.6K | $494.9K | +5.8% |
| Smyrna | $366K | $365K | -0.3% |
Housing Supply in Smyrna, DE
How many homes are available in Smyrna, DE?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 146 | 145 | -0.7% |
Summary: The Smyrna real estate market had 145 homes for sale in October 2024, a 0.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 26 | 23 | -11.5% |
| 3 Bedrooms | 52 | 53 | +1.9% |
| 4 Bedrooms | 53 | 54 | +1.9% |
| 5+ Bedrooms | 14 | 14 | 0.0% |
Summary: The Smyrna housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.5%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 23 | -30.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Smyrna, you may be able to get a good deal. 34.8% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in Smyrna in October 2024, down by 30.3% month-over-month. Of the 23 sold homes, 35% were sold under asking, 35% were sold at asking, and 30% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 38 Days | 42 Days | +10.9% |
Summary: Homes in Smyrna had an average of 42 days on market in Oct 2024, up by 10.9% compared to last year.
Breakdown of Home Sale Times
16 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 October 2024, 23 homes were sold in Smyrna; 70% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
