$2,850 Closing Credit*
$240,000
1,408 SqFt
2 Beds
•2 Full Baths
Listing Office: IronValley RE of Lehigh Valley
Is Middle Smithfield Township, PA 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, Middle Smithfield Township was a Seller's Market.
Key Takeaway
Middle 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 Middle Smithfield Township, PA
How much do homes in Middle Smithfield Township, PA cost?
Median Sold Price
$305,000
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,000(+5.2%)
Key Takeaway
Homes in Middle Smithfield Township have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in Middle Smithfield Township was $305,000 in October 2024, up 5.2% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $186K | $251.4K | +35.2% |
| 3 Bedrooms | $299.2K | $255K | -14.8% |
| 4 Bedrooms | $340K | $329.9K | -3.0% |
| 5+ Bedrooms | $332.5K | $322.4K | -3.0% |
Summary: Middle 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 increased by 35.2%, 3 bedroom homes decreased by 14.8%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes decreased by 3%.
Median Sold Price Compared To Nearby Cities
| Lehman Township | $233K | $264.5K | +13.5% |
| Bushkill | $232.5K | $260K | +11.8% |
| Middle Smithfield Township | $290K | $305K | +5.2% |
Housing Supply in Middle Smithfield Township, PA
How many homes are available in Middle Smithfield Township, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 35 | 33 | -5.7% |
Summary: The Middle Smithfield Township real estate market had 33 homes for sale in October 2024, a 5.7% 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 | 6 | 4 | -33.3% |
| 3 Bedrooms | 13 | 13 | 0.0% |
| 4 Bedrooms | 12 | 11 | -8.3% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Middle 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 33.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Middle Smithfield Township, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Middle Smithfield Township in October 2024, down by 28.6% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Middle Smithfield Township, PA
How long does it take to sell a home in Middle Smithfield Township, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 30 Days | -3.3% |
Summary: Homes in Middle Smithfield Township had an average of 30 days on market in Oct 2024, down by 3.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Middle Smithfield Township has remained consistent over time.
Summary: During October 2024, 5 homes were sold in Middle Smithfield Township; 40% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
