$5,343 Closing Credit*
$449,900
2,870 SqFt
4 Beds
•3 Full Baths
Tien T Nguyen, Listing Office: Century 21 Redwood Realty
Is Smithsburg, MD 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, 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
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$36,500(+11.5%)
Key Takeaway
Homes in Smithsburg have sold for 11.5% more than they did a year ago.
Summary: The median home sold price in Smithsburg was $355,000 in November 2024, up 11.5% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $76.1K | $215.8K | +183.5% |
| 2 Bedrooms | $290K | $315K | +8.6% |
| 3 Bedrooms | $289K | $345K | +19.4% |
| 4 Bedrooms | $443.7K | $382.5K | -13.8% |
| 5+ Bedrooms | $342K | $453.1K | +32.5% |
Summary: Smithsburg housing prices by bedroom type for November 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 19.4%, 4 bedroom homes decreased by 13.8%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 | 27 | -12.9% |
Summary: The Smithsburg real estate market had 27 homes for sale in November 2024, a 12.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 17 | 14 | -17.6% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Smithsburg housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 17.6%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 7 | -22.2% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Smithsburg, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Smithsburg in November 2024, down by 22.2% month-over-month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 19 Days | 31 Days | +62.0% |
Summary: Homes in Smithsburg had an average of 31 days on market in Nov 2024, up by 62% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Smithsburg are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in Smithsburg; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
