Is Smithfield Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Smithfield Township has remained a Seller's Market.
Key Takeaway
Smithfield Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Smithfield Township, NC
How much do homes in Smithfield Township, NC cost?
Median Sold Price
$312,287
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Smithfield Township have sold for 2.9% less than they did a year ago.
Summary: The median home sold price in Smithfield Township was $312,287 in May 2024, down 2.9% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $162.5K | $179K | +10.2% |
| 3 Bedrooms | $302K | $301K | -0.3% |
| 4 Bedrooms | $394.9K | $375K | -5.0% |
| 5+ Bedrooms | $378K | $436.1K | +15.4% |
Summary: Smithfield Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.2%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes increased by 15.4%.
Median Sold Price Compared To Nearby Cities
| Smithfield Township | $321.7K | $312.2K | -2.9% |
| Selma | $309K | $298.9K | -3.3% |
| Smithfield | $320K | $306.4K | -4.2% |
| Wilson Mills Township | $351.6K | $330K | -6.2% |
| Wilson's Mills | $345K | $315.6K | -8.5% |
Housing Supply in Smithfield Township, NC
How many homes are available in Smithfield Township, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 148 | 146 | -1.4% |
Summary: The Smithfield Township real estate market had 146 homes for sale in May 2024, a 1.4% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 8 | +100.0% |
| 3 Bedrooms | 101 | 93 | -7.9% |
| 4 Bedrooms | 38 | 40 | +5.3% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Smithfield Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 7.9%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 30 | 36 | +20.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Smithfield Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 36 homes were sold or pending in Smithfield Township in May 2024, up by 20.0% month-over-month. Of the 36 sold homes, 33% were sold under asking, 50% were sold at asking, and 17% were sold over asking.
Days on Market for Smithfield Township, NC
How long does it take to sell a home in Smithfield Township, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 75 Days | 25 Days | -65.8% |
Summary: Homes in Smithfield Township had an average of 25 days on market in May 2024, down by 65.8% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Smithfield Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 36 homes were sold in Smithfield Township; 75% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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