$5,343 Closing Credit*
$449,900
2,697 SqFt
4 Beds
•3 Full Baths
Thomas L Parker, Listing Office: O'Meara Realty Group Inc.
Is Smithfield, NC 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, Smithfield has remained a Seller's Market.
Key Takeaway
Smithfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Smithfield, NC
How much do homes in Smithfield, NC cost?
Median Sold Price
$319,900
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$14,933(+4.9%)
Key Takeaway
Homes in Smithfield have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in Smithfield was $319,900 in November 2024, up 4.9% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $180K | $165K | -8.3% |
| 3 Bedrooms | $296.9K | $306.9K | +3.4% |
| 4 Bedrooms | $379.9K | $381.1K | 0.3% |
| 5+ Bedrooms | $431K | $450.5K | +4.5% |
Summary: Smithfield housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.3%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes increased by 4.5%.
Median Sold Price Compared To Nearby Cities
| Smithfield Township | $309.4K | $325K | +5.0% |
| Smithfield | $304.9K | $319.9K | +4.9% |
| Selma Township | $305.7K | $297.7K | -2.6% |
| Wilson Mills Township | $359.9K | $336.8K | -6.4% |
| Selma | $309.8K | $287.4K | -7.2% |
Housing Supply in Smithfield, NC
How many homes are available in Smithfield, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 116 | 125 | +7.8% |
Summary: The Smithfield real estate market had 125 homes for sale in November 2024, a 7.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 4 | 10 | +150.0% |
| 3 Bedrooms | 83 | 87 | +4.8% |
| 4 Bedrooms | 28 | 26 | -7.1% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Smithfield housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 150%, 3 bedroom homes increased by 4.8%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 27 | +50.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Smithfield, expect to pay close to the asking price. 40.7% of homes here sold near the asking price last month.
Summary: A total of 27 homes were sold or pending in Smithfield in November 2024, up by 50.0% month-over-month. Of the 27 sold homes, 30% were sold under asking, 41% were sold at asking, and 30% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 90 Days | 117 Days | +30.6% |
Summary: Homes in Smithfield had an average of 117 days on market in Nov 2024, up by 30.6% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Smithfield are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 27 homes were sold in Smithfield; 37% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 41% of homes were sold over 90 days.
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