Market Overview
coolingSmithfield’s median home price is about 9% below the Utah median and homes sit on the market roughly 27% longer than the state average.- •Median closed price is $479,510, 8.7% lower than the Utah median of $525,000.
- •Prices dropped 11.8% month‑over‑month, the sharpest decline in the recent three‑month window.
- •Average days on market are 78, which is 26.8% higher than the state average of 61 days.
- •Sale‑to‑list ratio remains strong at 99.4%, indicating sellers are still achieving near‑list prices despite the slowdown.
- •30‑year mortgage rates have risen from 6.1% in January to 6.5% in June, adding financing pressure for buyers.
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Frequently Asked Questions About Smithfield Real Estate
As of July 2026, the median home price in Smithfield, Utah is $479,510, which is 8.7% below the Utah state median of $525,000. Home prices in Smithfield range from $306,000 to $2,400,000, with an average sale price of $501,709. These figures are based on recent closed transactions in the Smithfield real estate market.
Smithfield, Utah is currently a cooling market that is shifting toward buyers. Key indicators include an average sale-to-list price ratio of 99.4% and homes spending an average of 78 days on the market. Smithfield’s median home price is about 9% below the Utah median and homes sit on the market roughly 27% longer than the state average.
Homes in Smithfield, Utah spend an average of 78 days on the market before going under contract compared to the Utah state average of 61 days (26.8% above average). This gives buyers time to carefully evaluate options and negotiate terms. Properties that are priced competitively and show well tend to sell fastest.