$1,483 Closing Credit*
$124,900
760 SqFt
2 Beds
•1 Full Bath
Marissa V Nunez, Listing Office: Movil Realty
Is Smithfield, NC 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, Smithfield was a Seller's Market.
Key Takeaway
Smithfield 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 Smithfield, NC
How much do homes in Smithfield, NC cost?
Median Sold Price
$316,750
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$16,750(+5.6%)
Key Takeaway
Homes in Smithfield have sold for 5.6% more than they did a year ago.
Summary: The median home sold price in Smithfield was $316,750 in October 2024, up 5.6% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $178K | $165K | -7.3% |
| 3 Bedrooms | $295K | $306.4K | +3.9% |
| 4 Bedrooms | $375.6K | $380.6K | +1.3% |
| 5+ Bedrooms | $431K | $433.5K | +0.6% |
Summary: Smithfield housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.3%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 0.6%.
Median Sold Price Compared To Nearby Cities
| Smithfield Township | $304.9K | $324.5K | +6.4% |
| Smithfield | $300K | $316.7K | +5.6% |
| Selma Township | $302K | $295.4K | -2.2% |
| Selma | $309.9K | $286K | -7.7% |
| Wilson Mills Township | $358.9K | $330K | -8.1% |
Housing Supply in Smithfield, NC
How many homes are available in Smithfield, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 115 | 110 | -4.3% |
Summary: The Smithfield real estate market had 110 homes for sale in October 2024, a 4.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 5 | -44.4% |
| 3 Bedrooms | 78 | 78 | 0.0% |
| 4 Bedrooms | 27 | 27 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Smithfield 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 44.4%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 17 | -15.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Smithfield, expect to pay close to the asking price. 52.9% of homes here sold near the asking price last month.
Summary: A total of 17 homes were sold or pending in Smithfield in October 2024, down by 15.0% month-over-month. Of the 17 sold homes, 29% were sold under asking, 53% were sold at asking, and 18% were sold over asking.
Days on Market for Smithfield, NC
How long does it take to sell a home in Smithfield, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 90 Days | 61 Days | -32.6% |
Summary: Homes in Smithfield had an average of 61 days on market in Oct 2024, down by 32.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Smithfield has remained consistent over time.
Summary: During October 2024, 17 homes were sold in Smithfield; 35% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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