$1,483 Closing Credit*
$124,900
760 SqFt
2 Beds
•1 Full Bath
Marissa V Nunez, Listing Office: Movil Realty
Is Smithfield Township, 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 Township was a Seller's Market.
Key Takeaway
Smithfield Township 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 Township, NC
How much do homes in Smithfield Township, NC cost?
Median Sold Price
$324,500
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$19,533(+6.4%)
Key Takeaway
Homes in Smithfield Township have sold for 6.4% more than they did a year ago.
Summary: The median home sold price in Smithfield Township was $324,500 in October 2024, up 6.4% 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 | $299.9K | $310K | +3.4% |
| 4 Bedrooms | $371.4K | $382K | +2.8% |
| 5+ Bedrooms | $363K | $433.5K | +19.4% |
Summary: Smithfield Township 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 3.4%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 19.4%.
Median Sold Price Compared To Nearby Cities
| Smithfield Township | $304.9K | $324.5K | +6.4% |
| Smithfield | $300K | $316.7K | +5.6% |
| Selma | $309.9K | $286K | -7.7% |
| Wilson Mills Township | $358.9K | $330K | -8.1% |
| Wilson's Mills | $348.5K | $317.5K | -8.9% |
Housing Supply in Smithfield Township, NC
How many homes are available in Smithfield Township, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 120 | 115 | -4.2% |
Summary: The Smithfield Township real estate market had 115 homes for sale in October 2024, a 4.2% 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 | 82 | 83 | +1.2% |
| 4 Bedrooms | 28 | 27 | -3.6% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Smithfield Township 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 increased by 1.2%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 19 | -9.5% |
Asking Price vs. Sold Price
7 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 Township, expect to pay close to the asking price. 47.4% of homes here sold near the asking price last month.
Summary: A total of 19 homes were sold or pending in Smithfield Township in October 2024, down by 9.5% month-over-month. Of the 19 sold homes, 37% were sold under asking, 47% were sold at asking, and 16% were sold over asking.
Days on Market for Smithfield Township, NC
How long does it take to sell a home in Smithfield Township, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 90 Days | 58 Days | -35.8% |
Summary: Homes in Smithfield Township had an average of 58 days on market in Oct 2024, down by 35.8% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Smithfield Township has remained consistent over time.
Summary: During October 2024, 19 homes were sold in Smithfield Township; 37% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
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