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Land Foreclosures in Smithfield, VA

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Smithfield, VA Foreclosures

Current Market Conditions in in Smithfield, VA As of March 2026?
Over the past month, the Smithfield real estate market has seen a slight rise in home prices, attributed to a combination of limited inventory and increased buyer activity. Homes that are well-marketed and move-in ready have been particularly sought after, with many selling for above the asking price. Several new construction projects are in progress, which could help alleviate some demand in the coming months.
How much do homes sell for in Smithfield, VA?
The average home price is currently $434,493.
What’s the average rental cost in Smithfield, VA?
The average rental price in Smithfield is $1,635.
What is the most expensive home in Smithfield?
The most expensive home sold in Smithfield had a price of $12,664,992.
What is currently the cheapest priced home in Smithfield, VA?
The cheapest home for sale in Smithfield is priced at $16,800.

Living in Smithfield, VA

Smithfield, VA, is a historic town known for its rich culture and scenic waterfront. With a close-knit community feel, this town boasts charming restaurants, local shops, and abundant recreational opportunities. You can enjoy a relaxed lifestyle in a picturesque setting while still being close to larger urban areas like Newport News and Norfolk.

Buyer vs Seller Market in Smithfield, VA

The Smithfield real estate market is currently experiencing steady growth, with increasing interest in residential properties. The low inventory of homes has started to push prices up, making it a competitive market for first-time buyers and investors alike.

Recent trends indicate that properties in Smithfield are moving quickly, with many listings receiving multiple offers within days of being on the market. The demand for homes with outdoor space and proximity to amenities remains high, reflecting a broader trend in suburban living.

Home Value Estimator For Smithfield, VA

There are currently 8,476 real estate properties in Smithfield, VA, with a median automated valuation model (AVM) price of $401,306.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Smithfield, VA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Smithfield, VA, is $434,493.00, with the most expensive house in Smithfield, VA, topping out at $12,664,992.00 and the cheapest home in Smithfield, VA, clocking in at $16,800.00. In other words, there’s something for every potential homebuyer or savvy investor in Smithfield, VA!

Rent Prices In Smithfield, VA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Smithfield, VA, is on a rollercoaster ride. The average rent price in Smithfield, VA, is $1,635.00. Indeed, when looking to rent in Smithfield, VA, you can expect to pay as little as $630.00 or as much as $4,040.00, with the average rent median estimated to be $1,550.00. The good news is that finding an affordable and desirable property to rent in Smithfield, VA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Smithfield, VA Land

Market Trend for Smithfield, VA

Total Listings Available: 0

Market Values:

Home Prices from $16,800 to $12,664,992

Average Sales Price: $434,493

Rental Values:

Rental from $630 to $4,040

Average Rent Value: $1,635 / month

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