Market analytics
Smithfield, Utah real estate market report.
Monthly sold prices, days on market, sale-to-list ratio, and absorption rate. Updated nightly from UtahRealEstate.com and the Washington County Board of Realtors.
Updated · Sources: UtahRealEstate.com & Washington County Board of Realtors
June 2026 · Market Analysis
Smithfield closings fall to 12 as Cache Valley inventory builds through summer
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Closed sales in Smithfield fell to 12 in June 2026, down 45% from May's 22 and less than half the 29 closings recorded in June 2025. Active inventory kept climbing regardless, reaching 96 homes — up from 83 in both April and May — even as new listings held steady at 32. That combination, fewer closings against a larger active pool, is the story of the month.
Market pulse
Closed sales have slid every month since March's 27: 24 in April, 22 in May, 12 in June. Days on market, by contrast, tightened from 20 in May to 11 in June, and the sale-to-list ratio crossed 100% for the first time in this six-month window, at 100.14%, meaning June's buyers who did close were often paying at or above asking. Active inventory has climbed in five of the last six months, from 57 in January to 96 in June, while new listings held near 30 a month — supply is building faster than June's thin closing count can work through, though at June's pace of 8 months of supply, that's still a market leaning toward sellers on well-priced homes rather than a stalled one.
Mortgage context
The 30-year averaged 6.66% in June and has since climbed to 6.875% today, up 0.25 percentage points from 6.625% just 30 days ago. That 30-day move alone adds $71 a month to payments on a median Smithfield home, a 2.6% jump, and it comes on top of a steady climb from February's 6.19% average — the cheapest borrowing window of the past seven months.
Payment math
Smithfield's $531,000 median home now runs $2,789 a month in principal and interest with 20% down at 6.875%, up from $2,719 just 30 days ago at 6.625% — and $191 above the $2,598 payment buyers locked in during February's 6.19% low.
If you're buying
With only 12 closings against a prior 12-month average near 20, you have less competition per listing than the sold count suggests — active inventory sits at 96, the most in this six-month stretch. Target Golden Forest and Village at Fox Meadows resales in the $400-700K band, where June's median days on market ran 27, rather than chasing the rare over-$700K listing like the Vistas at Dry Canyon sale that closed in 11 days. Move quickly on anything priced near list — the 100.14% sale-to-list ratio means bidding at asking is often not enough.
If you're selling
Three of June's 12 sales went above list and only two saw price cuts, so well-prepared homes in the $400-700K range are still clearing at full ask — price at or slightly above recent comparable sales rather than discounting preemptively. With active inventory climbing to 96 from 83 in April and May, don't assume the March-April pace of 24-27 sales a month returns before fall; price for a market absorbing roughly 12-13 closings monthly, not 25.
Outlook
Expect closings to stay below the 20-sale monthly average through late summer as the rate climb from February's 6.19% to today's 6.875% keeps some buyers on the sideline, even as Cache Valley's warm 75-95°F selling weather typically favors activity. Inventory near 96 active listings gives buyers more room to negotiate on anything sitting past 46 days, the current top-quartile mark, while well-priced homes under that threshold should keep closing near or above list.
Watch for
If the 30-year keeps climbing toward 7% and closings stay near 12-15 a month while active inventory holds above 90, months-of-supply likely pushes past 8-9 by September, tipping negotiating leverage further toward buyers.
"Fewer sales, more listings — Smithfield's summer supply outpaces its buyers"
Common questions about Smithfield this month
Is Smithfield a buyer's or seller's market in June 2026? ▾
It's mixed. The sale-to-list ratio hit 100.14% in June, meaning homes that sold often closed at or above asking, but active inventory has climbed to 96 homes, the highest point in the past six months. Homes priced right in the $400-700K band are still moving in about 27 median days, while buyers have more leverage on anything sitting longer.
Why did closed sales drop so much in Smithfield this June? ▾
Sales fell to 12 in June from 22 in May and 29 a year ago in June 2025, even as new listings held at 32, similar to April and May. Some of the pullback tracks the rate climb from February's 6.19% average toward July's 6.875%, which raises the monthly payment on a median home by roughly $191 versus that February low.
How much has the 30-year rate changed and what does that mean for payments here? ▾
The 30-year sits at 6.875% today, up 0.25 percentage points from 6.625% just 30 days ago, adding $71 a month on Smithfield's $531,000 median home. Compared to February's 6.19% average, the low point of the past seven months, that's $191 more a month in principal and interest.
Are homes selling above asking price in Smithfield? ▾
Some are. Three of June's 12 closings sold above list and two sold at list, while seven sold below — the median sale-to-list ratio of 100.14% suggests competitive pricing on well-positioned homes, particularly in the $400-700K band where nine of June's closings landed.
Which Smithfield neighborhoods are seeing the most sales activity? ▾
Golden Forest continues to lead with three sales in June, extending a pattern seen every month since February. Village at Fox Meadows and Smithfield Ridges also posted closings, while the month's single over-$700K sale came from Vistas at Dry Canyon at $1,210,000.
Number of Listings
Active inventory · new listings · sold per month
Listing Prices
Active median list · new median list · sold median sale
Absorption Rate
Months of supply — active inventory ÷ monthly sold rate
Sale-to-List Ratio
Close price ÷ list price — buyer/seller leverage
Days on Market
Median days from listing to under contract
Price Volume
Total dollar volume — active · new · sold per month
June 2026 cohort breakdown
Distribution of what closed last month — by price band, sale-vs-list outcome, and top subdivisions.
How sales priced vs asking
12 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 11 · 25th percentile 10 · 75th percentile 46
Needed a price change
Sold listings that had a recorded price change before close
2 of 12 sold homes had at least one price change while listed. Lower = sellers are pricing right the first time.
Sales by price band
Closed-price bucket → sold count and median days to contract
Top subdivisions this month
Ranked by closed count
- 1. Golden Forest 3 sold · $470K · 68d
- 2. Vistas At Dry Canyon 1 sold · $1,210K · 11d
- 3. Smithfield Ridges 1 sold · $698K · 44d
- 4. Village At Fox Meadows 1 sold · $567K
- 5. Village @ Fox Meadow 1 sold · $538K · 0d
June 2026 by property type
How each housing type performed last month — 10 closings total across subtypes.
Summary Statistics
| Metric | Jun-26 | Jun-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 12 | 29 | -58.62% | 106 | 114 | -7.02% |
| Median Sale Price | $530,765 | $475,000 | +11.74% | $460,413 | $450,128 | +2.28% |
| Median DOM | 11 | 32 | -65.63% | 38 | 44 | -13.64% |
| Sale-to-List Ratio | 100.14% | 99.18% | +0.97% | 98.78% | 99.07% | -0.29% |
Past months
Browse historical Smithfield reports — each month's snapshot stays at its own permanent URL.
Sources: UtahRealEstate.com and the Washington County Board of Realtors, aggregated by Best Utah Real Estate. Sale-to-list ratio compares closing price to the final list price (post-reduction). Absorption rate = active inventory ÷ monthly sold rate.