What’s Happening in Smithfield’s Housing Market This Fall

If you’ve been keeping an eye on homes in and around Smithfield, you’ve probably noticed a steady rhythm lately. The latest local housing data shows that our market is stable, active, and still moving at a healthy pace—even as prices and sales settle after several years of big jumps.

A Market That's Holding Steady

The typical home in Smithfield sold for around $325,000 this fall—right about where prices have been all year. That’s good news for both buyers and sellers. Prices aren’t skyrocketing like they did a few years ago, but they also aren’t dropping, which means confidence in our local economy and neighborhoods remains strong.

Homes Are Still Moving Quickly

On average, homes are on the market for about three weeks before they go under contract. That tells us that buyers are still out there and ready to move when they find the right fit. A few more listings have come online recently, giving buyers a little more to choose from, but it’s still what experts call a “seller’s market”—meaning demand continues to outpace supply.

What It Means

For Smithfield residents, this stability is a great sign. It reflects what many of us already see every day: a thriving town with a growing mix of homes, jobs, and amenities. From downtown businesses and the new amphitheater to future neighborhoods like Local70, it’s clear that families and professionals are choosing to build their lives here.

More Homes, More Options in 2026

With limited inventory (only about three months of supply right now), Smithfield’s biggest challenge has been too few homes for the people who want to live here. That’s why the next chapter—Local70’s first homes breaking ground in 2026—is so important.

Local70 will bring a mix of single-family homes, townhomes, and walkable amenities that reflect the way people want to live today: close to schools, shopping, trails, and downtown Smithfield’s restaurants and events. This new supply will help meet growing demand while keeping Smithfield an affordable, connected place to call home.

Looking Ahead

As Local70 and other new communities begin to take shape, the balance between supply and demand will start to even out. More homes mean more opportunities—whether you’re a first-time buyer, an empty nester, or simply ready for something new, Smithfield’s growth is thoughtful, steady, and local.

At Local70 we are proud to be part of that future, creating a community that celebrates Smithfield’s small-town roots while growing toward what’s next.