Smithfield, NC Home Values & Market Trends

Real estate market trends reflect that there have been 474 transactions over the past year in Smithfield. The median value for residential home transactions that occurred over the previous year is $278,654.25. The number of current listings in Smithfield is 52, and the percentage of properties for sale in the city is 52.00%. Smithfield, NC currently has 10 properties in foreclosure, 0 bank owned properties, 3 properties headed for auction, and 52 properties for sale.

Smithfield, NC Real Estate Market Overview

ZipMedian Est. Value
27577

$ 299,999

$ 174/sqft

Housing Market Summary for Smithfield, NC

Mar 2023February 2024Change
Median Listing Price$337.4K$290.5K-13.91%
Median Sold Price$259K$290.5K12.15%
Homes For Sale2248118.18%
Homes Sold268237-11.57%
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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, NC

Smithfield home values range from $22,207 to $3,174,623. The median estimated value of a home in Smithfield is $278,654.25. The median list price of a home is 299,900, and the total count of properties in the city is 8,571.

Foreclosure
There is 1 zips within Smithfield, NC; within this zips, the median estimated home value for homes in foreclosure ranges from $345,523 in 27577 to the lowest value of $213,512 in 27577. Foreclosure homes account for 0.00% of properties in Smithfield, NC with 27577 containing 10 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.08% of all residential properties in Smithfield, NC with 27577 containing 7 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Smithfield, NC; of that zips, the estimated home value for pre-foreclosure homes ranges from $345,523 in 27577 to the lowest home value of $276,075 in 27577.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Smithfield, NC 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, NC. There is 1 zips within Smithfield, NC; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    27577 has 3 auction properties, the highest number of properties going to auction in a single zip in the state of Smithfield, NC. Auction homes and other auction properties account for 0.04% of all properties in Smithfield, NC. There is 1 zips within Smithfield, NC; of that zips, the median estimated home value for homes going to auction ranges from $291,265 in 27577 to the lowest value of $213,512 in 27577.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.61% of residential properties in Smithfield, NC with 27577 containing 52 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within Smithfield, NC; homes for sale in that zips, have a range of median values from $1,096,276 in 27577 to the lowest value of $70,623 in 27577.
    Sold Homes
    The median value for recently sold homes ranges from $1,418,781 in 27577 to the lowest price of $34,061 in 27577. There is 1 zips within Smithfield, NC. 27577 has 235 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 2.74% of properties in Smithfield, NC.

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      Guide for Smithfield, NC

      Foreclosure
      North Carolina Foreclosure Laws
      Buy to Rent
      Real Estate Trends in the Durham, NC – Feb 2024
      Buy to Rent
      Charlotte’s Real Estate Market Sees Incremental Rise Amidst Fluctuations in 2023
      Buy to Rent
      Raleigh Real Estate Grows in 2023: Overview and Comparison to Neighboring Markets
      See More Articles
      North Carolina Foreclosure Laws
      Foreclosure|posted 6 June 2019

      North Carolina Foreclosure Laws

      Real Estate Trends in the Durham, NC – Feb 2024
      Buy to Rent|posted 29 February 2024

      The Durham, NC real estate market is showing dynamic trends, with fluctuations in property value and sold prices across the year and in neighboring cities. Local demand, economic factors, and community growth have created a complex market with growth potential, minimal distressed sales, and distinct opportunities for various buyer segments.

      Charlotte’s Real Estate Market Sees Incremental Rise Amidst Fluctuations in 2023
      Buy to Rent|posted 12 February 2024

      This blog post explores the varying property values and real estate trends in Charlotte, North Carolina and its surrounding areas within a span of a year. The analysis provides insights into median property values, square foot prices, sold properties, foreclosures, market health, and local submarkets.

      Raleigh Real Estate Grows in 2023: Overview and Comparison to Neighboring Markets
      Buy to Rent|posted 6 February 2024

      Raleigh’s real estate market in 2023 displays robust growth with increased average property values and sold prices. However, contrasting trends in neighboring cities such as Zebulon, Youngsville, Wilson, and Yanceyville underline the need for thorough market understanding for real estate investments.

      Recently Listed Homes Smithfield, NC

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