Question 1

What is the median sold price in Smoky Lake Town?

Accepted Answer

The median sold price in Smoky Lake Town is $235,000 based on 49 home sales over the past 2 years. The median represents the middle price point where half of homes sold for more and half sold for less, making it a reliable indicator of typical home values in the area.

Question 2

What is the average home price in Smoky Lake Town?

Accepted Answer

The average sold price in Smoky Lake Town is $222,719. Note that the average ($222,719) is lower than the median ($235,000), which suggests the market has a fairly even distribution of home prices.

Question 3

What is the price range for homes in Smoky Lake Town?

Accepted Answer

Home prices in Smoky Lake Town range from $12,500 to $410,000 based on recent sales data. This $397,500 spread reflects the variety of property types and sizes available, from starter homes to luxury properties.

Question 4

Are homes in Smoky Lake Town selling above or below asking price?

Accepted Answer

On average, homes in Smoky Lake Town are selling at 95.6% of their asking price. This means there is some room for negotiation, with homes selling slightly below asking. Buyers may have room to negotiate on price.

Question 5

How long do homes take to sell in Smoky Lake Town?

Accepted Answer

Homes in Smoky Lake Town are selling in an average of 157 days. This indicates a slower market where buyers have significant leverage. Buyers can take their time and carefully evaluate options before making an offer.

Question 6

What is the price per square foot in Smoky Lake Town?

Accepted Answer

The average price per square foot in Smoky Lake Town is $194. This metric helps you compare homes of different sizes on an equal basis. For example, a 2,000 sq ft home at this rate would cost approximately $388,000.

Question 7

How active is the real estate market in Smoky Lake Town?

Accepted Answer

The Smoky Lake Town market has seen 49 home sales over the past 2 years, with 22 properties currently for sale. With ample inventory available, buyers have plenty of options to choose from.

Question 8

How much do detached homes cost in Smoky Lake Town?

Accepted Answer

Detached homes in Smoky Lake Town are selling for an average of $222,719, with 49 sales over the past 2 years.

Question 9

Are home prices rising or falling in Smoky Lake Town?

Accepted Answer

Home prices in Smoky Lake Town have decreased by 24.4% over the past 2 years. The average sold price moved from $225,000 to $170,000. This downward trend may present buying opportunities for purchasers.

Question 10

Is Smoky Lake Town a buyer's or seller's market?

Accepted Answer

Based on current data, Smoky Lake Town is a buyer's market. Homes are selling in 157 days on average and at 95.6% of asking price. Buyers have leverage to negotiate on price and terms. Sellers may need to price competitively to attract offers.

Question 11

What percentage of homes sell above asking price in Smoky Lake Town?

Accepted Answer

In Smoky Lake Town, 4% of homes sold above asking price, while 90% sold below asking. Most homes sell at or below their listed price, giving buyers room to negotiate.

Question 12

What size homes are selling in Smoky Lake Town?

Accepted Answer

Homes selling in Smoky Lake Town range from 529 to 2,056 square feet. This variety means you can find everything from compact condos and starter homes to spacious family residences and luxury properties.

Question 13

How much do home prices vary in Smoky Lake Town?

Accepted Answer

Smoky Lake Town shows moderate price diversity with a standard deviation of $91,784 around the average price of $222,719. Prices are fairly consistent, making it easier to predict what you'll pay for a home in this area.

Question 14

Where can I find recently sold homes in Smoky Lake Town?

Accepted Answer

You can view a comprehensive list of houses sold in Smoky Lake Town right here on our market history feed. We update our data daily to ensure you have access to the latest sold real estate listings and final closing prices.

Question 15

Why is seeing sold house prices important?

Accepted Answer

Sold house prices are the only true indicator of market value. Active listing prices are just "wishes," but recently sold homes reflect what buyers are actually willing to pay. Comparing active properties against homes that have recently sold helps you avoid overpaying.

Question 16

Can I see the final sold price on MLS® listings?

Accepted Answer

Yes. While public sites often remove the price once a deal closes, our MLS® listings sold page grants you access to the final sale numbers, days on market, and price history for recently sold homes in Smoky Lake Town.

Just Sold: Smoky Lake Town Home Prices & Sale History

Smoky Lake Town Sold Data Overview

Recently Sold in Smoky Lake Town

Sold Data & Market Statistics for Smoky Lake Town

All Property Types

2-Year Market Trends: All Property Types

Negotiation & Cost Insights

Browse Sold Homes by Neighbourhood

Frequently Asked Questions

Sign up to see what homes actually sold for