Smithfield Housing Market Report March 2025•Henry County, Kentucky

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Housing Prices in Smithfield, KY

How much do homes in Smithfield, KY cost?

Housing Market Conditions

Is Smithfield, KY a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Smithfield is a Seller's Market

Difference Since February 2025

Last month, Smithfield has remained a Seller's Market.

Insight

Smithfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$542,500$285/SqFt
-$577,500
-51.6%

Based on all homes sold in March 2025

Insight

Homes in Smithfield have sold for 51.6% less than they did a month ago.

Summary: The median home sold price in Smithfield was $542,500 in March 2025, down 51.6% from last month, and the median price per square foot was $285.

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsFeb 2025Mar 2025Change MoM
1--
N/A
2$260K-
N/A
3-$475K
N/A
4$345K$610K
+76.8%
5$1.8M-
N/A

Summary: Smithfield housing price by bedroom type for March 2025, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes did not change. The home price for 4 bedroom homes increased by +76.8%. The home price for 5 bedroom homes did not change.

How does Smithfield, KY compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Smithfield, KY

Housing supply in Smithfield, KY

How many homes are available in Smithfield, KY?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
6Last MonthMar 2025
82 months agoFeb 2025
-25.0 %
Change MoMFeb – Mar

Summary: The Smithfield real estate market had 6 homes for sale in Mar 2025, a 25.0 % decrease compared to Feb 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
2Last MonthMar 2025
42 months agoFeb 2025
-50.0 %
Change MoMFeb – Mar

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsFeb 2025Mar 2025Change MoM
100
0.0%
210
-100.0%
312
+100.0%
444
0.0%
520
-100.0%

Summary: Smithfield housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -100.0%. The inventory for 3 bedroom homes increased by +100.0%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes decreased by -100.0%.

Asking Price vs. Sold Price

How much do homes in Smithfield, KY cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price0 Home

Under Asking Price2 Homes

Insight

If you're buying a home in Smithfield, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Smithfield in March 2025, down by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.

Days on Market for Smithfield, KY

How long does it take to sell a home in Smithfield, KY?

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
Last Month1 month agoChange MoM
0 DaysLast MonthMar 2025
45 Days1 month agoFeb 2025
0.0 %
Change MoMFeb – Mar

Summary: Homes in Smithfield had an average listing age of 0 days in Mar 2025, down by .0% compared to the previous month.

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Newest Listings in Smithfield, KY

What homes are available in Smithfield, KY?

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Nearby markets aren't available for Smithfield, KY

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MLS Disclaimers and Copyright

Based on information from Metro Search MLS, for the period 02/01/2025 - 04/01/2025

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search, Inc. Real estate listings held by other Brokerage firms are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2025 Metro Search, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/5/2025, 12:50:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.