Smithfield, VA

Balanced market-0.7% YoY

Housing market overview · Updated weekly

$455,000median sale price

Homes sold

7

Last 12 weeks

Days on market

23

Average pace

Active listings

41

5.9 months supply

Sale-to-list

101.6%

Above asking

The Smithfield housing market is currently classified as a balanced market with a median sale price of $455,000. Prices have fallen 0.7% compared to last year, with homes spending an average of 23 days on market, indicating 5.9 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.

Market trends

Homes for sale in Smithfield

There are currently 41 homes listed for sale in Smithfield, Virginia. The median listing price is $623K.

Active listings

41

Homes on market

Median list price

$623K

Avg. days on market

23

Days until sale

New this week

9

Newly listed

Price drops:7.3%of listings
Sale-to-list:101.6%

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Frequently asked questions

What is the average home price in Smithfield?

The median home sale price in Smithfield is $455,000, down 0.7% from last year.

How long do homes stay on market in Smithfield?

Homes typically spend 23 days on market before going under contract.

Is Smithfield a buyer's or seller's market?

With 5.9 months of supply, Smithfield is currently a balanced market.

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