Market analytics · September 2026 archive
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
September 2026 · Market Analysis
Smithfield's median price jumps to $499,900 on a thin month of 13 closings
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Smithfield homes sold for a median $499,900 in September, up from $400,000 in August. That is a 25% jump in one month, but it rests on only 13 closings, and the housing market behind it is still stocked with 99 active listings. Homes sold for 100.9% of list on average, yet the typical one took 57 days to find a buyer. A year ago the median home price was $411,450 with 52 homes for sale, so supply has nearly doubled while the price is up about 21%.
Market pulse
Supply has done most of the moving. Active listings rose from 55 in April to 99 in September, while closings slipped from 24 to 13. New listings fell to 16 in September from 44 in August, so sellers pulled back after a crowded late summer. The median price swings month to month because so few homes sell: $377,500 in May, $530,765 in June, $400,000 in August. Median list price was $428,900, below the $499,900 median sale price, which means this month's closings skewed toward higher-priced homes.
Mortgage context
Eight of September's 13 closings landed between $400,000 and $700,000, and that is the group feeling the rate most. At a $517,450 median in that band, each rise in the 30-year rate adds real dollars to the monthly bill. The four sales under $400,000 had a median of $355,000 and took 76 days, so entry-level buyers are shopping carefully.
Payment math
Buying at the $500,000 median home price with 20% down costs $2,796 a month in principal and interest at 7.5%, which is $102 more than the $2,694 payment at 7.125% thirty days ago, and $289 above April's low, when rates averaged 6.42% and the payment would have been $2,507.
If you're buying
Homes that have already sat 57 days or more are where you have leverage, since a quarter of September's sales took 77 days or longer. Sunset Ridges had two sales at a median $665,158 after 126 days, so the higher-priced homes there are moving slowly. In Golden Forest, two homes closed at a median $348,450 after 79 days, which suggests a starter-home buyer can ask for a price cut or seller-paid rate help.
If you're selling
With 99 homes for sale, yours has to stand out on price from day one. Four of the 13 September sales closed above list and six at list, so well-priced homes did get full value. If you overprice, expect the 57-day median wait or longer. What your home is worth depends on nearby recent sales, not the $499,900 median, which leaned on a few larger homes.
Outlook
Fall usually firms Cache Valley a bit before winter, but with about 7.5 months of supply, buyers keep the edge. Fewer new listings in September could trim inventory if closings hold near 13 a month. Rates at 7.5% are the main drag on demand through the next 60 to 90 days.
Watch for
If new listings return to August's 44 a month while closings stay near 13, active inventory could pass 120 homes by December and sale-to-list would likely slip back below 99%.
"A price jump built on a few mid-range sales, with 99 homes still waiting"
Common questions about Smithfield this month
What is the median home price in Smithfield? ▾
The median home price in Smithfield was $499,900 in September 2026, up from $400,000 in August. The average sale price was $501,824. The two are close because only one home sold above $700,000, at $812,000, and most closings were in the $400,000 to $700,000 band at a $517,450 median. The median list price was $428,900.
Is the Smithfield housing market slowing down? ▾
Mostly yes on supply and speed. Smithfield had 99 active listings in September against 52 a year ago, and homes took a median 57 days to sell. Prices and sale-to-list held up at 100.9%, but only 13 homes closed, so one month is a thin read.
How much is my Smithfield home worth? ▾
Smithfield's median sale price was $499,900 in September, and homes sold at about 100.9% of list. Homes took a median 57 days to sell. Your own home's value depends on similar recent sales nearby, such as in your subdivision, so those matter more than the city median.
How have mortgage rates changed monthly payments in Smithfield? ▾
At the $500,000 median with 20% down, the payment is $2,796 a month at 7.5%. That is $102 more than 30 days ago and $289 more than in April, when rates averaged 6.42%.
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
September 2026 cohort breakdown
Distribution of what closed last month — by price band, sale-vs-list outcome, and top subdivisions.
How sales priced vs asking
19 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 51 · 25th percentile 24 · 75th percentile 83
Needed a price change
Sold listings that had a recorded price change before close
7 of 19 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 neighborhoods this month
Named subdivisions ranked by homes sold · median price · median days to contract
- 1. Village At Fox Meadows 3 sold · 129d
- 2. Sunset Ridges 2 sold · 83d
- 3. Golden Forest 2 sold · 79d
- 4. East Sky View 1 sold · 3d
- 5. East View Landing 1 sold · 4d
- 6. Park Place 1 sold · 52d
- 7. Stone Haven 1 sold · 77d
September 2026 by property type
How each housing type performed last month — 19 closings total across subtypes.
Summary Statistics
| Metric | Sep-26 | Sep-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 19 | 20 | -5.00% | 165 | 184 | -10.33% |
| Median Sale Price | $473,000 | $411,450 | +14.96% | $462,723 | $455,894 | +1.50% |
| Median DOM | 51 | 65 | -21.54% | 41 | 47 | -12.77% |
| Sale-to-List Ratio | 99.86% | 98.35% | +1.54% | 98.89% | 99.19% | -0.30% |
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.