Is Smithfield, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Smithfield is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Smithfield was a Seller's Market.

Key Takeaway

Smithfield 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, PA

How much do homes in Smithfield, PA cost?

Median Sold Price

$135,000

$76/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$42,450(-23.9%)

Key Takeaway

Homes in Smithfield have sold for 23.9% less than they did a month ago.

Summary: The median home sold price in Smithfield was $135,000 in November 2024, down 23.9% from last month, and the median price per square foot was $76.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$135K
N/A
3 $177.4K-
N/A
4 --
N/A
5+ --
N/A

Summary: Smithfield housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Smithfield, PA

How many homes are available in Smithfield, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
76-14.3%

Summary: The Smithfield real estate market had 6 homes for sale in November 2024, a 14.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 22
0.0%
3 53
-40.0%
4 00
0.0%
5+ 01
+100.0%

Summary: The Smithfield housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Smithfield, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Smithfield in November 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Smithfield, PA

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

Average Sale Time

Oct 2024Nov 2024CHANGE
35 Days6 Days-83.1%

Summary: Homes in Smithfield had an average of 6 days on market in Nov 2024, down by 83.1% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 1 homes were sold in Smithfield; 100% of homes were sold within 30 days, 0% 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 Smithfield, PA

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