Smithfield Real Estate Market Report
- September 2026
Data covers single family homes and townhouses only. Excludes condos, multifamily, and land. Sourced from Doorify MLS, September 2026 Market Review (Year-to-Date January through September 2026 vs 2025), Single Family Residence, Johnston County, Smithfield. Updated October 20, 2026. All data deemed reliable but not guaranteed.
Market Snapshot
SMITHFIELD BY THE NUMBERS
| Metric | October 2026 | October 2025 | Year-over-Year Change |
|---|---|---|---|
| | $344,900 | $328,215 | +5.1% |
| | 326 | 46 | +608.7% |
| | 61 | 0 | N/A |
| | 98.3% | 98.0% | +0.3% |
| | $173 | $183 | -5.5% |
| | 452 | N/A | N/A |
Comparison: October 2025 closed sales, Triangle MLS. Raleigh reference: Doorify MLS Market Review.
Analysis
SMITHFIELD MARKET TREND
Smithfield offers deep value but buyers are taking their time - balanced market with room to negotiate.
Smithfield's median sale price of $345,000 represents modest 2.8% year-over-year appreciation from $336,700. For buyers coming from Raleigh or Cary, the price gap is substantial - you can often get twice the home for the same money here.
Closed sales dipped 3.0% to 223 units, suggesting the market is stable but not accelerating. Days on market at 65 days (+26.2%) is one of the longer timelines in the Triangle region, indicating a market where buyers have genuine room to evaluate.
At $174 per square foot (-5.7%), Smithfield offers some of the best square footage value in the Triangle. The decline in $/sqft reflects changing market mix rather than a broad price correction.
New listings held essentially flat at 305 (-0.3%), consistent with a market that is finding equilibrium. Smithfield's appeal is strongest for buyers who prioritize affordability over commute time - expect 40-50 minutes to RTP.
What This Means for Buyers
Smithfield is a buyer's market. With 65 days on market and declining closed sales, you have negotiating leverage. Look for homes that have been listed for 45+ days - those sellers are increasingly motivated. Don't be afraid to ask for closing cost credits or repairs.
What This Means for Sellers
Smithfield sellers need to be patient and price right. The 65-day average days on market means your home will likely take two months to sell. Price competitively from day one and invest in presentation. Overpriced listings in this market sit for 90+ days and ultimately sell for less.
Need the Full Picture?
GET YOUR SMITHFIELD MARKET ANALYSIS
These numbers are just the starting point. For a personalized breakdown of how current market conditions affect your goals - whether buying, selling, or relocating - talk to someone who knows this market inside and out.
Report last updated: October 2026 · Data sourced from publicly available MLS records, Wake County Register of Deeds, and brokerage market reports · Deemed reliable but not guaranteed