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Featured local agent — Smithfield, RI
Sarah Mitchell
Compass Real Estate · Smithfield, RI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Smithfield, RI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$507,500median sale price
How is the Smithfield, RI housing market right now?
The median home sale price in Smithfield, RI is $507,500, up 9.1% year-over-year. Homes sell in an average of 20 days with 36 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 Smithfield a buyer's or seller's market?
Smithfield, RI is currently a seller's market, based on 3.6 months of supply and homes selling in about 20 days. How we determine this →
Homes sold
10
Last 12 weeks
Days on market
20
Fast-moving
Active listings
36
3.6 months supply
Sale-to-list
102.9%
Above asking
What does the Smithfield housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $507,500 |
| Median list price | $529,900 |
| Year-over-year price change | +9.1% |
| Average days on market | 20 days |
| Active inventory | 36 listings |
| Months of supply | 3.6 months |
| Sale-to-list price ratio | 102.9% |
| Median price per sq ft | $283/sq ft |
| Homes sold (latest month) | 10 |
| New listings (latest month) | 29 |
| Listings with a price cut | 19.4% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Smithfield by property type?
How the 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 | $530,000 | $299/sq ft | 6 | 14 days |
| Condo / Co-op | $274,500 | $279/sq ft | 2 | 52 days |
| Townhouse | $600,000 | $273/sq ft | 1 | 167 days |
Source: Redfin · Updated monthly
The Smithfield housing market is currently classified as a seller's market with a median sale price of $507,500. Prices have risen 9.1% compared to last year, with homes spending an average of 20 days on market, indicating 3.6 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 Smithfield
There are currently 36 homes listed for sale in Smithfield, Rhode Island. The median listing price is $530K.
Active listings
36
Homes on market
Median list price
$530K
Avg. days on market
20
Days until sale
New this week
29
Newly listed
What are homes worth in Smithfield?
Zillow home value
$532,440
Source: Zillow Research
Which public schools serve Smithfield?
5 schools tracked · 2,390 students
The largest public schools serving 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.
Smithfield High School
Grades 9-12 · 750 students
Pleasant View Elementary Schoo
Grades K-5 · 553 students
Vincent J. Gallagher Middle
Grades 6-8 · 522 students
Raymond LaPerche School
Grades PK-5 · 335 students
Old County Road School
Grades K-5 · 230 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, RI?
Want a head-to-head view? Compare Smithfield side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Smithfield?
The median home sale price in Smithfield is $507,500, up 9.1% from last year.
How long do homes stay on market in Smithfield?
Homes typically spend 20 days on market before going under contract.
Is Smithfield a buyer's or seller's market?
With 3.6 months of supply, Smithfield is currently a seller's market.
What is the Zillow home value estimate for Smithfield?
The Zillow Home Value Index (ZHVI) for Smithfield is $532,440, representing the typical home value in the area.
What is the median condo price in Smithfield?
The median condo/co-op sale price in Smithfield, RI is $274,500, compared to $530,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Smithfield?
The median single-family home price in Smithfield, RI is $530,000 (about $299 per square foot).
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