Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: Smithfield
November 1, 2026
(910) 395‑1000 · buddyblake.com
One in four Smithfield listings that ended in the last year didn't sell
Smithfield had 135 listings end in the last 12 months, and 33 of them didn't sell. That's a 24% rate, or 1 in 4, up from 15% the year before. The homes that did sell took a median of 77 days and sold for 98.7% of their first ask.
Summary written November 1, 2026 from that day's numbers. The figures in the tiles update every hour, so they can differ slightly.
Which pile do you want to be in?
Out of every 20 homes listed in Smithfield over the last 12 months, the solid houses sold. The outlined ones expired or were canceled.
Priced right from day one: sold in a median 76 days. Needed price cuts: 96 days, and sold for 93.5% of the first price.
What waiting costs
| Property taxes | $149 |
| Homeowners insurance | $250 |
| Upkeep | $287 |
| Utilities | $250 |
| Your mortgage payment | if you have one |
| About | $940 + mortgage |
About $940 every month the home sits — plus your mortgage payment.
Listings that didn't sell stayed on the market a median of 134 days — roughly $4,133 in taxes, insurance, upkeep and utilities alone, and the home still didn't sell.
An example, not a quote: Johnston County rate 0.52 per $100 (NC Department of Revenue, 2025-26 county rates); town taxes add more inside town limits; insurance, upkeep (1% of value a year) and utilities are typical estimates.
When contracts fall apart
Contracts that fell apart
14%
16 of about 114 before closing
Those homes that later sold
81%
19% never sold
Sold vs. first ask after a fall-through
98.7%
vs. 98.7% on the first contract
Days to sell after a fall-through
139
vs. 77 on the first contract
The MLS doesn't record why a contract ends. In our experience the most common reasons are home inspection findings, appraisals that come in below the price, and buyer financing. How buyers paid on closed sales: conventional 39% · cash 8% · VA 15% · FHA 27%.
If you're selling
- Price it right from day one. Homes priced right from the start sold in a median of 66 days.
- Homes that needed price cuts took a median of 91 days to sell, and sold at 93.5%.
- Under $300K is the rough range here, with 38% of listings not selling, versus 15% for $300–400K.
- Waiting costs money. Listings that never sold had a median price cut of 1.7% and sat a median of 134 days. For a typical home, the estimated carrying cost is about $940 a month before mortgage, or about $4,133 while unsold.
If you're buying
- There's room to negotiate. 60% of homes sold below their first ask, and the median sold price was $344,900.
- Homes that sit are worth a look. Under $300K listings had the highest non-sale rate at 38%, and listings that never sold sat a median of 134 days.
- Here's how buyers are paying: 42% conventional, 25% FHA, 14% VA, and 9% cash.
Did you know?
- Did you know 1 in 7 contracts in Smithfield fell apart? Most often that's inspection, appraisal or financing issues, based on general industry experience, not a measured cause here.
- Did you know 81% of homes whose contracts fell apart later sold, while 19% never did? The ones that sold took a median of 139 days, versus 64 days for the first contract.
- Did you know the median sold price in Smithfield over the last 12 months was $344,900?
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Thinking of selling in Smithfield? What it takes and what it costs →
For sellers
Listings that didn't sell
27%
up 11.4 pts from a year ago
36 expired or canceled vs 98 sold
Sold vs. first asking price
98.7%
down 0.5 pts from a year ago
median sale price ÷ original list price
Sold below first asking
60%
share of homes that sold
Price cut on homes that didn't sell
1.3%
median — and they still didn't sell
For buyers
True days on market
82
down 2 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
1.3%
how far under the original price homes sold
Didn't sell, then sold on a relist
14%
of listings that didn't sell the first time
Median sold price
$345K
about the same as a year ago
98 homes sold
The last 24 months
31% latest month · Oct 26
101 latest month · Oct 26
98.6% latest month · Oct 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 16 | 11 | 41% | 50 | 96.3% |
| $300–400K | 65 | 14 | 18% | 85 | 99.1% |
| $400–500K | 12 | 7 | 37% | 47 | 97.3% |
| $500–750K | 3 | 3 | 50% | 81 | 99.3% |
| $750K–1M | 2 | 1 | 33% | 260 | 96.1% |
Smithfield housing market: quick answers
How long do homes take to sell in Smithfield?
Homes that sold in Smithfield over the last 12 months took a median of 82 days, counted from the day they were first listed (relists included). That's down 2 days from a year ago.
What do homes in Smithfield sell for compared to the asking price?
The median home in Smithfield sold for 98.7% of its first asking price in the last 12 months, and 60% of the homes that sold went for less than the original price. That's down 0.5 pts from a year ago.
What percentage of homes listed in Smithfield don't sell?
27% of homes listed in Smithfield over the last 12 months expired or were canceled without selling — about 1 in 4 (36 didn't sell vs 98 sold). That's up 11.4 pts from a year ago. The homes that didn't sell had already cut their price a median 1.3%.
What is the median sold price in Smithfield?
The median sold price in Smithfield over the last 12 months was $344,900, across 98 homes sold. That's about the same as a year ago.
What is my home worth in Smithfield?
The median home in Smithfield sold for $344,900 over the last 12 months (98 sales), about the same as the prior 12 months. Your property's value depends on its size, condition, lot and street, and online estimates often disagree by a wide margin. Enter your address under "What's my home worth?" on the homepage to see what's for sale, under contract and sold around you, or call for a price built from the homes that actually compete with yours.
Are home prices in Smithfield going down?
Not meaningfully. Homes in Smithfield sold for a median of $344,900 in the last 12 months, about the same as the prior 12 months. Fewer homes sold (98 vs 136), and the median time on the market went from 84 to 82 days. Prices move differently by neighborhood and price range, so check the band your home falls in below.
Where do these Smithfield housing market numbers come from?
Hive MLS listing and sales records for homes only (land excluded), covering the last 12 months and updated November 1, 2026. The figures refresh from the MLS every hour; "didn't sell" counts only expired and canceled listings. Compiled by Buddy Blake Team, Coldwell Banker Sea Coast Advantage.
Homes only (land excluded), last 12 months unless noted. "Didn't sell" = listings that expired or were canceled — withdrawn and on-hold listings are not counted (some owners stop for reasons that have nothing to do with the market); true days on market counts from the first listing, even when a home was relisted. Source: Hive MLS listing and sales records, updated November 1, 2026. Totals only — no individual listing is shown. Buddy Blake Team · Coldwell Banker Sea Coast Advantage · (910) 395‑1000