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Featured local agent — North Smithfield, RI
Sarah Mitchell
Compass Real Estate · North Smithfield, RI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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North Smithfield, RI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$490,000median sale price
How is the North Smithfield, RI housing market right now?
The median home sale price in North Smithfield, RI is $490,000, up 0.5% year-over-year. Homes sell in an average of 13 days with 22 active listings. The market is currently a seller's 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 North Smithfield a buyer's or seller's market?
North Smithfield, RI is currently a seller's market, based on 4.4 months of supply and homes selling in about 13 days. How we determine this →
Homes sold
5
Last 12 weeks
Days on market
13
Fast-moving
Active listings
22
4.4 months supply
Sale-to-list
103.2%
Above asking
What does the North Smithfield housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $490,000 |
| Median list price | $474,450 |
| Year-over-year price change | +0.5% |
| Average days on market | 13 days |
| Active inventory | 22 listings |
| Months of supply | 4.4 months |
| Sale-to-list price ratio | 103.2% |
| Median price per sq ft | $292/sq ft |
| Homes sold (latest month) | 5 |
| New listings (latest month) | 14 |
| Listings with a price cut | 18.2% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in North Smithfield by property type?
How the North Smithfield, RI market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $495,000 | $308/sq ft | 4 | 10 days |
| Condo / Co-op | $421,000 | $276/sq ft | 1 | 13 days |
| Townhouse | $440,000 | $289/sq ft | 1 | 11 days |
Source: Redfin · Updated monthly
The North Smithfield housing market is currently classified as a seller's market with a median sale price of $490,000. Prices have risen 0.5% compared to last year, with homes spending an average of 13 days on market, indicating 4.4 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in North Smithfield
There are currently 22 homes listed for sale in North Smithfield, Rhode Island. The median listing price is $474K.
Active listings
22
Homes on market
Median list price
$474K
Avg. days on market
13
Days until sale
New this week
14
Newly listed
What are homes worth in North Smithfield?
Zillow home value
$526,089
Zillow rent index
$2,293/mo
Price-to-rent ratio
19.1x
Source: Zillow Research
Which public schools serve North Smithfield?
3 schools tracked · 1,640 students
The largest public schools serving North Smithfield, RI 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.
North Smithfield Elementary
Grades PK-4 · 601 students
North Smitfield HS
Grades 9-12 · 547 students
North Smithfield MS
Grades 5-8 · 492 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 North Smithfield, RI?
Want a head-to-head view? Compare North Smithfield side-by-side with any other U.S. city using our market-comparison tool.
Is North Smithfield a good real estate investment market?
For investors evaluating North Smithfield, the price-to-rent ratio of 19.1x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 0.5% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on North Smithfield's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using North Smithfield's median home price.
Frequently asked questions
What is the average home price in North Smithfield?
The median home sale price in North Smithfield is $490,000, up 0.5% from last year.
How long do homes stay on market in North Smithfield?
Homes typically spend 13 days on market before going under contract.
Is North Smithfield a buyer's or seller's market?
With 4.4 months of supply, North Smithfield is currently a seller's market.
What is the Zillow home value estimate for North Smithfield?
The Zillow Home Value Index (ZHVI) for North Smithfield is $526,089, representing the typical home value in the area.
What is the median condo price in North Smithfield?
The median condo/co-op sale price in North Smithfield, RI is $421,000, compared to $495,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in North Smithfield?
The median single-family home price in North Smithfield, RI is $495,000 (about $308 per square foot).
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