Smithfield Real Estate Market Update – April 2025.

Signs of Stability and Opportunity in Johnston County

The housing market in Smithfield and Johnston County is displaying encouraging signs of consistent growth as we progress through 2025. While the year began with less momentum than anticipated, April's data suggests that the market is stabilizing and, in several aspects, becoming stronger.

According to the year over year home sales data in Smithfield, NC:

• Closed sales rose by 31.7% year-over-year, totaling 54 transactions for April. This is a solid indicator of improving buyer confidence.

• New listings also increased by 13.4%, which helps to boost inventory and provide more options for buyers.

• Active inventory remains healthy at 144 homes, while the median days on market stayed steady at 62 days, indicating balanced market conditions.

Local real estate expert April Stephens of The April Stephens Team, summarized the situation well:

“The real estate market in Johnston County and Smithfield is showing some positive momentum. We’re starting to see an increase in closings, which is a great sign that the market is picking up. Listings are also making their way to the market, which is helping to boost inventory and create a more favorable environment for buyers. However, with the rise in affordability rates, we’re feeling the effects of higher costs as well. While the market hasn’t had the explosive start we were anticipating, it’s been steady and healthy, which is encouraging for both buyers and sellers moving forward.”

Overall, Smithfield consistently demonstrates resilience and balance in real estate. We are excited to see the homes and designs that Garman Homes will introduce to Local70 in 2026!