Is Smyrna, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Smyrna was a Buyer's Market.
Key Takeaway
Smyrna is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Smyrna, DE
How much do homes in Smyrna, DE cost?
Median Sold Price
$365,000
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Smyrna have sold for 19.7% more than they did a year ago.
Summary: The median home sold price in Smyrna was $365,000 in April 2024, up 19.7% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140K | - | N/A |
| 2 Bedrooms | $346K | $360K | +4.0% |
| 3 Bedrooms | $285K | $327.4K | +14.9% |
| 4 Bedrooms | $424.9K | $473.9K | +11.5% |
| 5+ Bedrooms | $399.9K | $550K | +37.5% |
Summary: Smyrna housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 14.9%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 37.5%.
Median Sold Price Compared To Nearby Cities
| Clayton | $319.9K | $395K | +23.5% |
| Smyrna | $305K | $365K | +19.7% |
| Middletown-Odessa | $457.8K | $476K | +4.0% |
Housing Supply in Smyrna, DE
How many homes are available in Smyrna, DE?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 111 | 138 | +24.3% |
Summary: The Smyrna real estate market had 138 homes for sale in April 2024, a 24.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 16 | 21 | +31.3% |
| 3 Bedrooms | 46 | 65 | +41.3% |
| 4 Bedrooms | 49 | 50 | +2.0% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Smyrna housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 31.3%, 3 bedroom homes increased by 41.3%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 26 | +100.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Smyrna, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in Smyrna in April 2024, up by 100.0% month-over-month. Of the 26 sold homes, 46% were sold under asking, 42% were sold at asking, and 12% were sold over asking.
Days on Market for Smyrna, DE
How long does it take to sell a home in Smyrna, DE?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 11 Days | 49 Days | +319.8% |
Summary: Homes in Smyrna had an average of 49 days on market in Apr 2024, up by 319.8% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Smyrna are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 26 homes were sold in Smyrna; 62% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
