Smithfield Real Estate Market Sees Home Sales Decline

The Smithfield market stayed soft this week as sales dropped 11.1% to land at eight homes sold over the last 30 days. Meanwhile, close-by Chesapeake reported 305 homes sales, the highest number from all the surrounding cities. Potential buyers should note that prices went up in Smithfield, with the median for this period rising from $224,900 to $226,200. Smithfield is a solid buyer's market, due to a big 12 months of inventory left and aided by the dip in sales.

Trying to find a home in Smithfield that offers sufficient space for your needs? Then check out these listings that have the largest living areas in the market:

$775K   $995K   $899K  

Get started right now by checking out Smithfield homes for sale or reviewing Smithfield real estate trends.

Demographic facts for Smithfield:

  • The population growth rating is 78. (Scale: 1 = Worst, 100 = Best)
  • The ratio for physicians is 147.4 for every 100,000 people.
  • The area's health cost index score is 100.3. (100 = national average)
  • Residents who travel to work by car account for 82.9% of all commuters, while carpools account for 10.5%, and public transit makes up 0.0%.

Data reported through 10/13/2016

Comments:

Ask a local expert about this area:
Charles Rutenberg Realty
Snapped 2 homes in this area
Liz Moore & Associates LLC
Snapped 1 home in this area

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