Smithfield Housing Market Report December 2024•Isle of Wight County, Virginia

Housing Prices in Smithfield, VA

How much do homes in Smithfield, VA cost?

Median List Price

$472,500$200/SqFt

+$5,500

+1.2%

Based on all homes listed in the last 12 months

Insight

The list price of homes in Smithfield has increased by 1.2% since last year.

Summary: The median home list price in Smithfield was $472,500 in December 2024, up 1.2% from the previous year, and the median price per square foot was $200.

Median List Price By City

City	Dec 2023	Dec 2024	Change YoY
Hardy	$409.9K	$435K	+6.1%
Newport	$379.9K	$400K	+5.3%
Smithfield	$467K	$472.5K	+1.2%

Median List Price By Bedrooms

Beds	Dec 2023	Dec 2024	Change YoY
11 Bedroom	-	$408.5K	N/A
22 Bedrooms	$330K	$390K	+18.2%
33 Bedrooms	$420.4K	$383.4K	-8.8%
44 Bedrooms	$585.9K	$528.3K	-9.8%
55+ Bedrooms	$712.5K	$694.9K	-2.5%

Summary: Smithfield housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +18.2%. The home price for 3 bedroom homes decreased by -8.8%. The home price for 4 bedroom homes decreased by -9.8%. The home price for 5 bedroom homes decreased by -2.5%.

Housing supply in Smithfield, VA

How many homes are available in Smithfield, VA?

Number of Homes For Sale

Last Month	2 months ago	Change MoM
151Last MonthDec 2024
1562 months agoNov 2024	-3.2 % Change MoMNov – Dec

Summary: The Smithfield real estate market had 151 homes for sale in Dec 2024, a 3.2 % decrease compared to Nov 2024.

Homes For Sale By Bedroom Count

Beds	Nov 2024	Dec 2024	Change MoM
11 Bedroom	1	1	0.0%
22 Bedrooms	8	8	0.0%
33 Bedrooms	55	50	-9.1%
44 Bedrooms	69	68	-1.4%
55+ Bedrooms	23	24	+4.3%

Summary: Smithfield housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -9.1%. The inventory for 4 bedroom homes decreased by -1.4%. The inventory for 5 bedroom homes increased by +4.3%.

Days on Market for Smithfield, VA

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

Breakdown of Home Sale Times

Under 30 Days9 Homes

30 – 90 Days7 Homes

Over 90 Days3 Homes

Insight

Many homes in Smithfield are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 19 homes were sold in Smithfield; 47% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.

Average Listing Age

This Year	1 year ago	Change YoY
137 DaysThis YearDec 2024
177 Days1 year agoDec 2023	-22.8 % Change YoYDec 2023 – Dec 2024

Summary: Homes in Smithfield had an average listing age of 137 days in Dec 2024, down by 22.8% compared to the previous year.

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Newest Listings in Smithfield, VA

What homes are available in Smithfield, VA?

See More Listings

kitchen with hardwood / wood-style flooring, exhaust hood, white cabinets, and stainless steel range with electric stovetop

view of front of home with covered porch and a lawn

office space featuring a barn door and light wood-type flooring

New - 5 hours on Rocket

$4,869 Closing Credit¹

$410,000

4 beds • 2.5 baths • 1,944 sqft

154 Riverview Ave, Smithfield VA 23430

#10567935, Betsy Thompson, Listing Office: The Agency

299 Lawnes Neck Dr, Smithfield VA, 23430 land for sale

Listing photo 2 for 299 Lawnes Neck Dr, Smithfield VA 23430

Listing photo 3 for 299 Lawnes Neck Dr, Smithfield VA 23430

New - 1 day on Rocket

$225,000

Land • 1.09 Acres

299 Lawnes Neck Dr, Smithfield VA 23430

#10567752, Anna Boyer, Listing Office: Howard Hanna Real Estate Svcs.

hall with washer and dryer and light hardwood / wood-style flooring

New - 1 day on Rocket

$6,175 Closing Credit¹

$520,000

3 beds • 3 baths • 2,325 sqft

117 Ayrshire Loop, Smithfield VA 23430

#10567874, Amber Kivairu, Listing Office: Samson Properties

single story home with a storage shed and a garage

New - 2 days on Rocket

$3,978 Closing Credit¹

$335,000

3 beds • 2 baths • 1,380 sqft

112 Butlers Pointe Ln, Smithfield VA 23430

#10567710, Melinda McKay, Listing Office: Surry Side Realty

view of property featuring a garage, a front yard, and a porch

view of exterior entry featuring a garage

New - 3 days on Rocket

$5,166 Closing Credit¹

$435,000

4 beds • 2.5 baths • 2,321 sqft

16221 Farah Ct, Smithfield VA 23430

#10567704, Jonathan Bartlett, Listing Office: Iron Valley Real Estate HR

New - 4 days on Rocket

$2,078 Closing Credit¹

$175,000

3 beds • 1.5 baths • 1,040 sqft

14428 Mill Swamp Rd, Smithfield VA 23430

#10567661, Erma Brannan, Listing Office: Wise Choice Real Estate LLC

view of front of home featuring a garage

kitchen with tasteful backsplash and appliances with stainless steel finishes

New - 5 days on Rocket

$3,086 Closing Credit¹

$259,900

3 beds • 2.5 baths • 1,400 sqft

928 Pocahontas Ct, Smithfield VA 23430

#10567617, David Moose, Listing Office: Weichert Realtors-KBL Company

view of property exterior featuring a garage

New - 5 days on Rocket

$3,146 Closing Credit¹

$264,900

2 beds • 1.5 baths • 1,400 sqft

932 Pocahontas Ct, Smithfield VA 23430

#10567605, David Moose, Listing Office: Weichert Realtors-KBL Company

view of front facade featuring a yard and a garage

view of front facade with a front yard and a garage

New - 6 days on Rocket

$8,301 Closing Credit¹

$699,000

4 beds • 3.5 baths • 4,301 sqft

12378 Six Ponds Ln, Smithfield VA 23430

#10567318, Laura McGuire, Listing Office: VA Realty Professionals

view of front of property with a garage and an outdoor structure

$3,666 Closing Credit¹

$308,700

2 beds • 1.5 baths • 1,060 sqft

118 Acacia Cir, Smithfield VA 23430

#10567176, Elaine Schoening, Listing Office: Wainwright Real Estate

view of front of house featuring a garage

doorway to outside featuring dark wood-type flooring

$6,233 Closing Credit¹

$524,900

4 beds • 3 baths • 2,437 sqft

11078 Park Pl, Smithfield VA 23430

#10566749, Catherine Saccone, Listing Office: Virginia 1st Realty Group LLC

LOT24 Ennisdale Dr, Smithfield VA, 23430 land for sale

Listing photo 2 for LOT24 Ennisdale Dr, Smithfield VA 23430

Listing photo 3 for LOT24 Ennisdale Dr, Smithfield VA 23430

$235,000

Land • 5.10 Acres

LOT24 Ennisdale Dr, Smithfield VA 23430

#10566553, Greg Garrett, Listing Office: Garrett Realty Partners

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Last updated on: 1/29/2025, 4:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.