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
October 2026 · Market Analysis
Smithfield's Golden Forest sales pick up speed while 119 listings wait
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Thirty days. That was the median time on market for Smithfield homes in October, down from 51 in September, and the median home price came in at $389,900. Only 13 homes closed, though, while 119 sat active, so the housing market still leans toward buyers. A year ago 57 homes were listed and the median sale price was $396,950, so prices are close to flat while supply has more than doubled. Homes listed at a median $450,000, well above what actually closed, so go by recent sales rather than asking prices.
Market pulse
Supply moved most. Active listings grew from 63 in May to 119 in October, and new listings jumped to 34 from 16 in September. Closings slipped to 13 from 19, so at October's pace it would take about 9 months to sell everything listed. Golden Forest carried the sales with 4 closings at a median $358,400 in 13 days, while the $400,000-plus homes took far longer.
Mortgage context
Eight of October's 13 closings were under $400,000, with a median of $350,950, so the rate matters most for entry-level buyers here. The five sales in the $400,000 to $700,000 range took a median 91 days. Those buyers are the ones weighing monthly payments carefully, and rates have eased in the past 30 days.
Payment math
Buying at Smithfield's $390,000 median home price with 20% down costs $2,154 a month in principal and interest at 7.375%, which is $80 less than the $2,235 payment 30 days ago at 7.75%, but still $199 above April's low of $1,955 when rates averaged 6.42%.
If you're buying
Look at the $400,000 to $700,000 range, where October homes took a median 91 days and sellers have had time to reconsider. Fairway Heights had one home close at $450,000 after 134 days, a sign that long-listed homes do trade. Stone Haven had 3 closings at a median $390,000 in 30 days, so compare any listing there against that.
If you're selling
What your home is worth follows what closed nearby, and October homes closed at 99.4% of list. Asking prices ran at a median $450,000 against $389,900 in sales, so overpriced homes will sit. In Golden Forest, entry-level homes moved in about two weeks, and 5 of 13 closings took a price cut first. Price it right from day one.
Outlook
Expect November and December to bring fewer showings, with 119 listings competing for fewer buyers. Inventory is unlikely to drop quickly, so sellers who list now face real competition. Rates have eased from 7.75% to 7.375% in 30 days, and another dip could bring back a few buyers by early spring.
Watch for
If new listings keep running near 34 a month while closings stay near 13, months of supply could push past 10 by January.
"Faster sales, thinner closings, and the most homes for sale in a year"
Common questions about Smithfield this month
What is the median home price in Smithfield? ▾
The median home price in Smithfield was $389,900 in October 2026, based on 13 closings. The average sale price was $400,654. The two are close because no home sold above $700,000 that month. The median list price was higher at $450,000.
Is Smithfield a buyer's or seller's market? ▾
Smithfield leans toward buyers in October 2026. There were 119 active listings, about 9 months of supply at the current pace. Homes still sold at 99.4% of list, so sellers who price accurately are getting close to asking.
How much is my Smithfield home worth? ▾
Smithfield's median sale price was $389,900 in October, and homes closed at 99.4% of list in a median 30 days. Your own home's value depends on similar homes sold nearby. Entry-level Golden Forest homes closed at a median $358,400.
How long do homes take to sell in Smithfield? ▾
The median was 30 days in October 2026, down from 51 in September. The split is wide. Homes under $400,000 took a median 22 days, while those between $400,000 and $700,000 took 91.
Where are Smithfield homes selling fastest? ▾
Golden Forest had the most October 2026 closings, with 4 sales at a median $358,400 in 13 days. Stone Haven had 3 at a median $390,000 in 30 days.
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
October 2026 cohort breakdown
Distribution of what closed last month — by price band, sale-vs-list outcome, and top subdivisions.
How sales priced vs asking
15 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 30 · 25th percentile 11 · 75th percentile 88
Needed a price change
Sold listings that had a recorded price change before close
5 of 15 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. Golden Forest 4 sold · 13d
- 2. Stone Haven 3 sold · 30d
- 3. Park View Estates 1 sold · 9d
- 4. Village At Fox Meadows 1 sold · 109d
- 5. Fairway Heights 1 sold · 134d
- 6. Smithfield Crest 1 sold · 0d
- 7. Castle View Manor 1 sold · 37d
October 2026 by property type
How each housing type performed last month — 14 closings total across subtypes.
Summary Statistics
| Metric | Oct-26 | Oct-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 15 | 12 | +25.00% | 180 | 196 | -8.16% |
| Median Sale Price | $389,900 | $396,950 | -1.78% | $456,655 | $452,285 | +0.97% |
| Median DOM | 30 | 49 | -38.78% | 40 | 48 | -16.67% |
| Sale-to-List Ratio | 99.44% | 99.36% | +0.08% | 98.93% | 99.20% | -0.27% |
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.