Smithfield, RI Home Values & Market Trends

Real estate market trends reflect that there have been 160 transactions over the past year in Smithfield. The median value for residential home transactions that occurred over the previous year is $451,825.33. The number of current listings in Smithfield is 9, and the percentage of properties for sale in the city is 9.00%. Smithfield, RI currently has 1 properties in foreclosure, 0 bank owned properties, 1 properties headed for auction, and 9 properties for sale.

Smithfield, RI Real Estate Market Overview

ZipMedian Est. Value
02917

$ 546,000

$ 311/sqft

Housing Market Summary for Smithfield, RI

Apr 2023March 2024Change
Median Listing Price$319.9K$440.7K37.76%
Median Sold Price$440K$440.7K0.17%
Homes For Sale36100.00%
Homes Sold7373-
Price
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Smithfield, RI

Smithfield home values range from $83,675 to $2,626,956. The median estimated value of a home in Smithfield is $451,825.33. The median list price of a home is 575,000, and the total count of properties in the city is 4,321.

Foreclosure
There is 1 zips within Smithfield, RI; within this zips, the median estimated home value for homes in foreclosure ranges from $367,900 in 02917 to the lowest value of $367,900 in 02917. Foreclosure homes account for 0.00% of properties in Smithfield, RI with 02917 containing 1 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in Smithfield, RI with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Smithfield, RI; of that zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Smithfield, RI ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Smithfield, RI. There is 1 zips within Smithfield, RI; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    02917 has 1 auction properties, the highest number of properties going to auction in a single zip in the state of Smithfield, RI. Auction homes and other auction properties account for 0.02% of all properties in Smithfield, RI. There is 1 zips within Smithfield, RI; of that zips, the median estimated home value for homes going to auction ranges from $367,900 in 02917 to the lowest value of $367,900 in 02917.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.21% of residential properties in Smithfield, RI with 02917 containing 9 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within Smithfield, RI; homes for sale in that zips, have a range of median values from $1,050,000 in 02917 to the lowest value of $294,900 in 02917.
    Sold Homes
    The median value for recently sold homes ranges from $974,361 in 02917 to the lowest price of $154,365 in 02917. There is 1 zips within Smithfield, RI. 02917 has 77 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 1.78% of properties in Smithfield, RI.

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      Guide for Smithfield, RI

      Market Reports
      Providence’s Real Estate Market Grows: Property Values Up 33% Last 12 Months
      Home Buying Guides & Tips
      Rhode Island Foreclosure Laws
      Market Reports
      Montgomery Housing Market Sees 8% Dip in Property Values: A Comparative Analysis with Surrounding Cities”
      Fix and Flip
      Tallahassee’s Real Estate Market A in Review 2023-2024
      See More Articles
      Providence’s Real Estate Market Grows: Property Values Up 33% Last 12 Months
      Market Reports|posted 1 April 2024

      The article provides a comprehensive analysis of the real estate market in Providence and nearby cities, highlighting the upward trend in property values and resilience of the market despite fluctuating sales.

      Rhode Island Foreclosure Laws
      Home Buying Guides & Tips|posted 6 June 2013

      Rhode Island Foreclosure Laws

      Montgomery Housing Market Sees 8% Dip in Property Values: A Comparative Analysis with Surrounding Cities”
      Market Reports|posted 10 April 2024

      The blog post discusses the fluctuating real estate market in Montgomery, Alabama, comparing its property values, cost per square foot, and market activity with neighboring cities, revealing the dynamic nature of regional real estate.

      Tallahassee’s Real Estate Market A in Review 2023-2024
      Fix and Flip|posted 10 April 2024

      An analysis of the Tallahassee real estate market from April 2023 to March 2024 shows fluctuating property values and sale prices, yet consistently strong market activity, indicating a healthy and dynamic property landscape.

      Recently Listed Homes Smithfield, RI

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