Is Smith Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Smith Township is a neutral's market

Buyer's
Market

Difference Since November 2023

Since last year, Smith Township has remained a Neutral Market.

Key Takeaway

Smith 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 Smith Township, PA

How much do homes in Smith Township, PA cost?

Median Sold Price

$152,500

$114/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$16,750(-9.9%)

Key Takeaway

Homes in Smith Township have sold for 9.9% less than they did a year ago.

Summary: The median home sold price in Smith Township was $152,500 in November 2024, down 9.9% from last year, and the median price per square foot was $114.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $123.7K$127K
+2.6%
3 $167.7K$170K
+1.3%
4 $195K$207.2K
+6.3%
5+ -$327K
N/A

Summary: Smith Township 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 increased by 2.6%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Burgettstown
+5.8%
Smith Township
-9.9%

Housing Supply in Smith Township, PA

How many homes are available in Smith Township, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1621+31.3%

Summary: The Smith Township real estate market had 21 homes for sale in November 2024, a 31.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 12
+100.0%
2 33
0.0%
3 912
+33.3%
4 33
0.0%
5+ 01
+100.0%

Summary: The Smith Township 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 remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Smith Township, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in Smith Township in November 2024, up by 50.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.

Days on Market for Smith Township, PA

How long does it take to sell a home in Smith Township, PA?

Average Sale Time

Nov 2023Nov 2024CHANGE
10 Days31 Days+213.3%

Summary: Homes in Smith Township had an average of 31 days on market in Nov 2024, up by 213.3% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Smith Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 3 homes were sold in Smith Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% 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 Smith Township, PA

Nearby Markets to Smith Township, PA

What housing markets are near Smith Township, PA?