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Featured local agent — Smithfield, NC
Sarah Mitchell
Compass Real Estate · Smithfield, NC
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Smithfield, NC Housing Market & Real Estate
Housing market overview · Updated monthly ·
$281,995median sale price
How is the Smithfield, NC housing market right now?
The median home sale price in Smithfield, NC is $281,995, down 3.6% year-over-year. Homes sell in an average of 60 days with 74 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Smithfield a buyer's or seller's market?
Smithfield, NC is currently a balanced market, based on 3.4 months of supply and homes selling in about 60 days. How we determine this →
Homes sold
22
Last 12 weeks
Days on market
60
Average pace
Active listings
74
3.4 months supply
Sale-to-list
97.6%
Below asking
What does the Smithfield housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $281,995 |
| Median list price | $289,450 |
| Year-over-year price change | -3.6% |
| Average days on market | 60 days |
| Active inventory | 74 listings |
| Months of supply | 3.4 months |
| Sale-to-list price ratio | 97.6% |
| Median price per sq ft | $172/sq ft |
| Homes sold (latest month) | 22 |
| New listings (latest month) | 20 |
| Listings with a price cut | 24.3% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Smithfield by property type?
How the Smithfield, NC market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $299,900 | $177/sq ft | 19 | 76 days |
| Townhouse | $265,490 | $140/sq ft | 2 | 49 days |
Source: Redfin · Updated monthly
The Smithfield housing market is currently classified as a balanced market with a median sale price of $281,995. Prices have fallen 3.6% compared to last year, with homes spending an average of 60 days on market, indicating 3.4 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 7.8x provides context for how home values compare to local earning capacity.
Homes for sale in Smithfield
There are currently 74 homes listed for sale in Smithfield, North Carolina. The median listing price is $289K.
Active listings
74
Homes on market
Median list price
$289K
Avg. days on market
60
Days until sale
New this week
20
Newly listed
Who lives in Smithfield?
Population
11,798
Median income
$37,827/yr
Median age
42.7 years
Owner-occupied
49.4%
College grads
26.0%
Avg commute
24 min
Source: U.S. Census Bureau ACS
What are homes worth in Smithfield?
Zillow home value
$295,217
Zillow rent index
$1,832/mo
Price-to-rent ratio
13.4x
Price-to-income
7.8x
Source: Zillow Research
What is it like to live in Smithfield?
Smithfield is a community of approximately 12K residents with a median age of 42.7 years.The median household income is $37,827, which represents a working-class community with solid middle-income opportunities. 26.0% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 49.4%, showing a blend of owner and renter-occupied properties. The average commute time is 24 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Smithfield offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Smithfield?
10 schools tracked · 5,045 students
The largest public schools serving Smithfield, NC by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Smithfield-Selma High
Grades 9-12 · 1,551 students
Neuse Charter School
Grades K-12 · 912 students
Smithfield Middle
Grades 6-8 · 530 students
South Smithfield Elementary
Grades PK-5 · 463 students
West Smithfield Elementary
Grades PK-5 · 446 students
JCPS Virtual Academy
Grades K-12 · 333 students
Johnston Co Early College Academy
Grade range n/a · 282 students
The Innovation Academy at South Campus
Grades 6-8 · 262 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Smithfield, NC?
Want a head-to-head view? Compare Smithfield side-by-side with any other U.S. city using our market-comparison tool.
Is Smithfield a good real estate investment market?
For investors evaluating Smithfield, the price-to-rent ratio of 13.4x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has softened 3.6% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Smithfield's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Smithfield's median home price.
Frequently asked questions
What is the average home price in Smithfield?
The median home sale price in Smithfield is $281,995, down 3.6% from last year.
How long do homes stay on market in Smithfield?
Homes typically spend 60 days on market before going under contract.
What is the median income in Smithfield?
The median household income is $37,827 per year.
Is Smithfield a buyer's or seller's market?
With 3.4 months of supply, Smithfield is currently a balanced market.
What is the Zillow home value estimate for Smithfield?
The Zillow Home Value Index (ZHVI) for Smithfield is $295,217, representing the typical home value in the area.
How much does a single-family home cost in Smithfield?
The median single-family home price in Smithfield, NC is $299,900 (about $177 per square foot).
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