$4,749 Closing Credit*
$399,900
2,250 SqFt
4 Beds
•3 Full Baths
Jacob Robert Harshman, Listing Office: Mackintosh , Inc.
Is Smithsburg, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Smithsburg has remained a Seller's Market.
Key Takeaway
Smithsburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Smithsburg, MD
How much do homes in Smithsburg, MD cost?
Median Sold Price
$355,000
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$38,500(+12.2%)
Key Takeaway
Homes in Smithsburg have sold for 12.2% more than they did a year ago.
Summary: The median home sold price in Smithsburg was $355,000 in October 2024, up 12.2% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $76.1K | $215.8K | +183.5% |
| 2 Bedrooms | $290K | $315K | +8.6% |
| 3 Bedrooms | $281.9K | $347.5K | +23.2% |
| 4 Bedrooms | $432.5K | $385K | -11.0% |
| 5+ Bedrooms | $342K | $453.1K | +32.5% |
Summary: Smithsburg housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 183.5%, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 23.2%, 4 bedroom homes decreased by 11%, and 5+ bedroom homes increased by 32.5%.
Housing Supply in Smithsburg, MD
How many homes are available in Smithsburg, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 33 | +57.1% |
Summary: The Smithsburg real estate market had 33 homes for sale in October 2024, a 57.1% increase 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 11 | 19 | +72.7% |
| 4 Bedrooms | 6 | 9 | +50.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Smithsburg 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 remained the same, 3 bedroom homes increased by 72.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 9 | +125.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Smithsburg, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Smithsburg in October 2024, up by 125.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Smithsburg, MD
How long does it take to sell a home in Smithsburg, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 24 Days | +41.1% |
Summary: Homes in Smithsburg had an average of 24 days on market in Oct 2024, up by 41.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Smithsburg are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in Smithsburg; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
