Is Smethport, PA 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, Smethport has remained a Buyer's Market.
Housing Prices in Smethport, PA
How much do homes in Smethport, PA cost?
Median Sold Price
$102,500
$60/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Smethport was $102,500 in May 2024, down 25.8% from last year, and the median price per square foot was $60.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $49.9K | $61.7K | +23.6% |
2 Bedrooms | $136.3K | - | N/A |
3 Bedrooms | $160K | $147.5K | -7.8% |
4 Bedrooms | $70K | $85K | +21.4% |
5+ Bedrooms | $177K | $80.3K | -54.6% |
Summary: Smethport housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.6%, 2 bedroom homes did not change, 3 bedroom homes decreased by 7.8%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes decreased by 54.6%.
Housing Supply in Smethport, PA
How many homes are available in Smethport, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 9 | +50.0% |
Summary: The Smethport real estate market had 9 homes for sale in May 2024, a 50.0% increase 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 | 1 | 2 | +100.0% |
3 Bedrooms | 2 | 2 | 0.0% |
4 Bedrooms | 2 | 4 | +100.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Smethport 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 remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
0 | 1 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Smethport in May 2024, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Smethport, PA
How long does it take to sell a home in Smethport, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
170 Days | 7 Days | -95.9% |
Summary: Homes in Smethport had an average of 7 days on market in May 2024, down by 95.9% compared to last year.
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
Summary: During May 2024, 1 homes were sold in Smethport; 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.