Is Middle Smithfield Township, 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, Middle Smithfield Township has remained a Seller's Market.
Key Takeaway
Middle Smithfield Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Middle Smithfield Township, PA
How much do homes in Middle Smithfield Township, PA cost?
Median Sold Price
$310,000
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Middle Smithfield Township have sold for 24.3% more than they did a year ago.
Summary: The median home sold price in Middle Smithfield Township was $310,000 in May 2024, up 24.3% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $102.5K | - | N/A |
| 2 Bedrooms | $186K | $177.4K | -4.6% |
| 3 Bedrooms | $249.9K | $275K | +10.0% |
| 4 Bedrooms | $295K | $342.9K | +16.3% |
| 5+ Bedrooms | $367.6K | $339.9K | -7.6% |
Summary: Middle 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 decreased by 4.6%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes decreased by 7.6%.
Median Sold Price Compared To Nearby Cities
| Middle Smithfield Township | $249.4K | $310K | +24.3% |
| Lehman Township | $225K | $264.5K | +17.6% |
| Bushkill | $224.9K | $260K | +15.6% |
Housing Supply in Middle Smithfield Township, PA
How many homes are available in Middle Smithfield Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 25 | 26 | +4.0% |
Summary: The Middle Smithfield Township real estate market had 26 homes for sale in May 2024, a 4.0% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Middle 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Middle Smithfield Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Middle Smithfield Township in May 2024, up by 20.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 33% were sold at asking, and 50% were sold over asking.
Days on Market for Middle Smithfield Township, PA
How long does it take to sell a home in Middle Smithfield Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 45 Days | 44 Days | -2.4% |
Summary: Homes in Middle Smithfield Township had an average of 44 days on market in May 2024, down by 2.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Middle Smithfield Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 6 homes were sold in Middle Smithfield Township; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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