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 buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Smithville Township was a Seller's Market.

Key Takeaway

Smithville Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Smithville Township, NC

How much do homes in Smithville Township, NC cost?

Median Sold Price

$618,567

$397/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$93,050(+17.7%)

Key Takeaway

Homes in Smithville Township have sold for 17.7% more than they did a year ago.

Summary: The median home sold price in Smithville Township was $618,567 in November 2024, up 17.7% from last year, and the median price per square foot was $397.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $292K$293.5K
0.5%
2 $385K$406K
+5.5%
3 $510.3K$590K
+15.6%
4 $778.3K$800K
+2.8%
5+ $1.4M$1.3M
-11.4%

Summary: Smithville Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.5%, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes decreased by 11.4%.

Median Sold Price Compared To Nearby Cities

Smithville Township
+17.7%
Caswell Beach
+17.2%
Southport
+6.8%
Saint James
+4.0%
Boiling Spring Lakes
-1.9%

Housing Supply in Smithville Township, NC

How many homes are available in Smithville Township, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
465462-0.6%

Summary: The Smithville Township real estate market had 462 homes for sale in November 2024, a 0.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 89
+12.5%
2 5658
+3.6%
3 242241
-0.4%
4 113106
-6.2%
5+ 4648
+4.3%

Summary: The Smithville Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 3.6%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes decreased by 6.2%, and 5+ bedroom homes increased by 4.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
8357-31.3%

Asking Price vs. Sold Price

43 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

3 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. 75.4% of homes here sold below asking price last month.

Summary: A total of 57 homes were sold or pending in Smithville Township in November 2024, down by 31.3% month-over-month. Of the 57 sold homes, 75% were sold under asking, 19% were sold at asking, and 5% 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

Nov 2023Nov 2024CHANGE
41 Days89 Days+117.2%

Summary: Homes in Smithville Township had an average of 89 days on market in Nov 2024, up by 117.2% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

23 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 November 2024, 57 homes were sold in Smithville Township; 33% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 40% 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 17 Days Ago

Newest Listings in Smithville Township, NC

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