Local Market Trends & Insights

The second quarter of 2025 highlights the strength and resilience of Johnston County and Smithfield’s housing markets. Local expert and Broker April Stephens reports steady activity in both new and resale homes. With conditions favoring both buyers and sellers, the region offers diverse opportunities. From competitive listings to builder incentives, it’s a smart time to engage in the market.

Johnston County Market Snapshot

• Median Sale Price: $349,444, a slight decrease of 0.3% year-over-year, indicating stable pricing.

• Average Days on Market: Homes are selling relatively quickly, with 54% of properties closing within 30 days, suggesting strong buyer interest.

• Inventory Levels: There were 1,117 active listings in June, a 3.0% decrease from May, reflecting a balanced supply-demand dynamic.

• Market Type: Johnston County continues to be a seller’s market, characterized by steady demand and competitive conditions.

Smithfield Market Snapshot

• Median Listing Price: $328,150, a slight decrease of 1.8% over the past year.

• Average Days to Pending: Sixteen days, indicating a relatively quick turnover of listings.

• Market Type: Smithfield is currently experiencing a buyer's market, with a higher supply of homes relative to demand.

• New Construction: New homes are a significant portion of the market, with builders offering incentives such as rate buy-downs and closing costs assistance, making it an attractive option for buyers.

Positive Market Indicators

• Buyer Activity: In both Johnston County and Smithfield, homes are selling relatively quickly, with many properties closing within 30 days, reflecting sustained buyer interest.

• New Construction Growth: The prevalence of new construction homes, particularly in Smithfield, offers buyers modern amenities and energy-efficient options, contributing to a healthy market dynamic.

• Seller Strategies: Sellers are achieving favorable outcomes, with many homes selling at or above list price, espectially in Johnston County, where 19.9% of sales were above list price.

In summary, the real estate markets in Johnston County and Smithfield are demonstrating stability and positive trends. Buyers have access to a variety of options, including new construction with attractive incentives, while sellers are experiencing favorable conditions. Whether you're considering buying or selling, these markets offer great opportunities for buying or selling your home.

We're grateful to April Stephens for sharing her expertise and 2nd Quarter market insights with the Local70 community. Her experience and deep knowledge of the Johnston County and Smithfield markets help us better understand current trends and opportunities.

Stay tuned for future updates as we continue to track the evolving landscape of local real estate!