Is Smithton, IL 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, Smithton has remained a Seller's Market.
Key Takeaway
Smithton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Smithton, IL
How much do homes in Smithton, IL cost?
Median Sold Price
$271,500
$128/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in Smithton has remained the same since last year.
Summary: The median home sold price in Smithton was $271,500 in May 2024, down 0.2% from last year, and the median price per square foot was $128.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $182.4K | $250K | +37.0% |
| 3 Bedrooms | $269.9K | $251.5K | -6.8% |
| 4 Bedrooms | $312.5K | $420K | +34.4% |
| 5+ Bedrooms | $586.7K | $331K | -43.6% |
Summary: Smithton 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 37%, 3 bedroom homes decreased by 6.8%, 4 bedroom homes increased by 34.4%, and 5+ bedroom homes decreased by 43.6%.
Median Sold Price Compared To Nearby Cities
| Prairie Du Long Township | $315K | $397.4K | +26.2% |
| Freeburg | $242.5K | $278K | +14.6% |
| Belleville Township | $160K | $180.3K | +12.7% |
| Smithton Township | $272K | $280K | +2.9% |
| Smithton | $272K | $271.5K | -0.2% |
Housing Supply in Smithton, IL
How many homes are available in Smithton, IL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 15 | +7.1% |
Summary: The Smithton real estate market had 15 homes for sale in May 2024, a 7.1% 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 | 1 | +100.0% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Smithton 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 remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Smithton, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in Smithton in May 2024, up by 50.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 50% were sold at asking, and 33% were sold over asking.
Days on Market for Smithton, IL
How long does it take to sell a home in Smithton, IL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 54 Days | 34 Days | -35.8% |
Summary: Homes in Smithton had an average of 34 days on market in May 2024, down by 35.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Smithton has remained consistent over time.
Summary: During May 2024, 6 homes were sold in Smithton; 17% of homes were sold within 30 days, 83% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.