Smithfield Real Estate Market Report
- July 2026
Data covers single family homes and townhouses only. Excludes condos, multifamily, and land. Data compiled from Triangle MLS, Johnston County Register of Deeds, and local brokerage reports. All data deemed reliable but not guaranteed.
Market Snapshot
SMITHFIELD BY THE NUMBERS
Median Sales Price
$345,000
Single family & townhouse
Closed Sales
223
Single family & townhouse
Median Days on Market
65
Single family & townhouse
List Price Received
98.5%
Single family & townhouse
Median Sold $/Sq Ft
$174
Single family & townhouse
New Listings
305
Single family & townhouse
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: July 2026 · Data sourced from publicly available MLS records, Wake County Register of Deeds, and brokerage market reports · Deemed reliable but not guaranteed