Is 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
At the same time last year, Smithfield Township was a Buyer's Market.
Housing Prices in Smithfield Township, PA
How much do homes in Smithfield Township, PA cost?
Median Sold Price
$262,500
$139/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Smithfield Township was $262,500 in May 2024, up 31.3% from last year, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $110K | $156.5K | +42.3% |
3 Bedrooms | $205K | $235K | +14.6% |
4 Bedrooms | $415K | $422.4K | +1.8% |
5+ Bedrooms | $454.2K | $712.4K | +56.8% |
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 42.3%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 56.8%.
Median Sold Price Compared To Nearby Cities
Smithfield Township | $200K | $262.5K | +31.3% |
East Stroudsburg | $281.5K | $325K | +15.5% |
Housing Supply in Smithfield Township, PA
How many homes are available in Smithfield Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
18 | 18 | 0.0% |
Summary: The Smithfield Township real estate market had 18 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 10 | 9 | -10.0% |
4 Bedrooms | 3 | 6 | +100.0% |
5+ Bedrooms | 3 | 2 | -33.3% |
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 decreased by 50%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1 | 6 | +500.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Smithfield Township in May 2024, up by 500.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
14 Days | 114 Days | +719.0% |
Summary: Homes in Smithfield Township had an average of 114 days on market in May 2024, up by 719% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Smithfield Township; 17% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.