Is Smithville Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Smithville Township is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Smithville Township has remained a Seller's Market.

Key Takeaway

Smithville Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Smithville Township, NC

How much do homes in Smithville Township, NC cost?

Median Sold Price

$605,308

$393/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$81,307(+15.5%)

Key Takeaway

Homes in Smithville Township have sold for 15.5% more than they did a year ago.

Summary: The median home sold price in Smithville Township was $605,308 in October 2024, up 15.5% from last year, and the median price per square foot was $393.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $286K$295K
+3.1%
2 $385K$402K
+4.4%
3 $510K$579.3K
+13.6%
4 $765.7K$812.5K
+6.1%
5+ $1.4M$1.3M
-5.2%

Summary: Smithville Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.1%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes decreased by 5.2%.

Median Sold Price Compared To Nearby Cities

Smithville Township
+15.5%
Caswell Beach
+14.2%
Saint James
+7.6%
Southport
+4.8%
Boiling Spring Lakes
0.5%

Housing Supply in Smithville Township, NC

How many homes are available in Smithville Township, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
460479+4.1%

Summary: The Smithville Township real estate market had 479 homes for sale in October 2024, a 4.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 108
-20.0%
2 5454
0.0%
3 233249
+6.9%
4 119121
+1.7%
5+ 4447
+6.8%

Summary: The Smithville Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes remained the same, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 6.8%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
6580+23.1%

Asking Price vs. Sold Price

59 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Smithville Township, you may be able to get a good deal. 73.8% of homes here sold below asking price last month.

Summary: A total of 80 homes were sold or pending in Smithville Township in October 2024, up by 23.1% month-over-month. Of the 80 sold homes, 74% were sold under asking, 16% were sold at asking, and 10% were sold over asking.

Days on Market for Smithville Township, NC

How long does it take to sell a home in Smithville Township, NC?

Average Sale Time

Oct 2023Oct 2024CHANGE
59 Days89 Days+50.3%

Summary: Homes in Smithville Township had an average of 89 days on market in Oct 2024, up by 50.3% compared to last year.

Breakdown of Home Sale Times

28 Homes Were Sold
Under 30 Days

17 Homes Were Sold
In 30 - 90 Days

35 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Smithville Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 80 homes were sold in Smithville Township; 35% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 44% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 16 Days Ago

Newest Listings in Smithville Township, NC

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