Photo: Corvokarasu at English Wikipedia · Public domain150 homes sold in Smithfield in the last year, at a typical $454K
About one sale in 4 is a condo. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Smithfield homes are listed.
Every place Smithfield homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Smithfield.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
9% of Smithfield’s sales are condos, at $242K less than a house
112 houses and 13 condos sold in the year to May 2026. Houses sell faster.
typical sale · 112 sold in 12 months
- Per square foot
- $210VA $222
- Days to sell
- 48
- Sold over asking
- 35%
- Listings with a price cut
- 20%
typical sale · 13 sold in 12 months
- Per square foot
- $197VA $301
- Days to sell
- 74
- Sold over asking
- 38%
- Listings with a price cut
- 37%
Townhouses: 25 sold, typical $399K
Too few sales in 12 months for reliable figures.
About as many homes sell as usual, at 1.7 times the 2016 price
150 sales in the last year, against 211 in 2019 and a low of 117 in 2014. The typical sale went from $260K in 2016 to $454K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $450K buys in Smithfield
Check a listing against what Smithfield homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Smithfield are more common than before the pandemic, but 20% fewer homes come up for sale
We read every month of Smithfield’s home sales since 2014 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 150 sales.
If you’re buying in Smithfield
- Shop in March. It brings about 19 new listings a month, close to the busiest month, with fewer bidding wars (25% over asking).
- Some room to negotiate. 19% of listings cut their price, about as many as before the pandemic.
- Bid near asking. Buyers paid 99.7% of the list price on average; 32% paid over.
- You’ll usually have time. Only 38% of homes go under contract within two weeks; the typical one takes 54 days.
Spring brings the homes; summer brings the bidding wars
May has the most new listings (about 22 a month), but July is the most competitive: 31% of July sales close over asking. March and April offer nearly as much choice with fewer homes bid up (25%). December has the least competition (19%) but only about 10 new listings.
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and about like Virginia as a whole
| Smithfield now | 2017–19 | 2021 peak | VA now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 32% | 17% | 45% | 31% |
| Gone within two weeksShare of homes under contract within 14 days | 38% | 20% | 59% | 43% |
| Listings with a price cutShare of homes for sale that cut their price | 19% | 19% | 17% | 25% |
| Price paid vs. askingAverage sale price ÷ list price | 99.7% | 98.4% | 100.7% | 99.3% |
| Days to sellMedian days from listing to contract | 54 | 61 | 25 | 38 |
51 homes for sale on a typical day
That’s twice the 2021 low (24), 20% fewer than in 2017–19 and well under 2015’s 74.
1 in 5 listings has cut its price
19% in the last year, against 19% in 2017–19 and 25% across Virginia.
Since 2019, houses are up 58%, condos 24%
A house typically sold for $524K in the last year (112 sales), a condo for $283K (13).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Smithfield ranks 104th of 179 busy Virginia markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Smithfield is in the middle of the pack.
Source: Redfin Data Center, city market tracker, January 2014 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Smithfield home costs about $2,671 a month
Price: Smithfield’s typical sale, last 12 months. Property tax at Smithfield’s 0.8% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Smithfield is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in May
The month with the most choice. December has the fewest, about 10.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $454K home, about $3,620 a year.
Taxes vs. neighborsSchools
The schools grade for Smithfield, from test results, graduation and how much students grow.
Schools in SmithfieldTypical commute
The average one-way trip to work for people who live in Smithfield.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Benns Church, Newport News, Windsor, Portsmouth and Hampton sell for less a square foot
The busier markets within 25 miles of Smithfield, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Newport News | 2,078 | $298K | $189 | 34% | 34 |
| Hampton | 1,906 | $293K | $189 | 35% | 35 |
| Portsmouth | 1,712 | $276K | $182 | 38% | 36 |
| Carrollton | 302 | $442K | $213 | 38% | 84 |
| Smithfield | 150 | $454K | $214 | 32% | 54 |
| Windsor | 37 | $387K | $198 | 27% | 35 |
| Benns Church | 34 | $397K | $189 | 32% | 81 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Smithfield, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Smithfield. People who follow the town see it, and so do people comparing Smithfield with their own town. No commission, no listing fee.
Questions about buying a home in Smithfield
What do homes sell for in Smithfield, VA?
150 homes sold in the year to May 2026 at a typical $454K, $214 a square foot. Houses sold for about $524K, condos for about $283K.
Is Smithfield a buyer’s or seller’s market?
A balanced market: 40 homes were for sale in May 2026 and 10 sold, about 4 months of supply. Buyers paid 99.7% of asking on average, and 19% of listings cut their price.
When is the best time to buy in Smithfield?
May brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Smithfield?
About 0.8% of a home’s value a year. On a $454K home that’s near $3,620.
Where can I see homes for sale in Smithfield?
Zillow, Redfin, Realtor.com and Homes.com all carry Smithfield’s MLS listings; the search links above open each one filtered to Smithfield.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).