$71 Closing Credit*
$6,000
Listing Office: Better Homes&Gardens RE Valley
Is Smithfield Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Smithfield Township was a Seller's Market.
Key Takeaway
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 Smithfield Township, PA
How much do homes in Smithfield Township, PA cost?
Median Sold Price
$257,500
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$35,100(-12.0%)
Key Takeaway
Homes in Smithfield Township have sold for 12% less than they did a year ago.
Summary: The median home sold price in Smithfield Township was $257,500 in November 2024, down 12% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $141K | $136.5K | -3.2% |
| 3 Bedrooms | $245K | $235K | -4.1% |
| 4 Bedrooms | $390K | $399.9K | +2.5% |
| 5+ Bedrooms | $712.4K | $590K | -17.2% |
Summary: Smithfield 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 decreased by 3.2%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes decreased by 17.2%.
Median Sold Price Compared To Nearby Cities
| East Stroudsburg | $306K | $319.5K | +4.4% |
| Smithfield Township | $292.6K | $257.5K | -12.0% |
Housing Supply in Smithfield Township, PA
How many homes are available in Smithfield Township, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 13 | -7.1% |
Summary: The Smithfield Township real estate market had 13 homes for sale in November 2024, a 7.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Smithfield Township 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 decreased by 33.3%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Smithfield Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Smithfield Township in November 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Smithfield Township, PA
How long does it take to sell a home in Smithfield Township, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 57 Days | +124.0% |
Summary: Homes in Smithfield Township had an average of 57 days on market in Nov 2024, up by 124% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Smithfield Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Smithfield Township; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
