Is Smithfield, PA 15478 a buyer’s or seller’s market?
Smithfield is a seller’s market. With about 3.2 months of supply and 11% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Smithfield housing market right now
In the three months ending August 31, 2026, 11% of homes in Smithfield, PA 15478 sold above their list price, the typical home went under contract in 96 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 9 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 20%, homes sold more slowly (90 days then) and the median sale price rose 8% to $227,573. Overall, Smithfield is less competitive than a year ago, which gives buyers more room.
Within Fayette County, homes here sell more slowly than in 84% of the county’s ZIP codes, and sell more often over asking than in 55%.
Nearby, buyers who want less competition could look at Everson 15631 (0% sold over asking) or Vanderbilt 15486 (0% sold over asking), while Hiller 15444 (100% sold over asking) and East Millsboro 15433 (50% sold over asking) are even more competitive.
Run the numbers for 15478
Nearby markets
Adah 15410Buyer’s market $32 /sq ftAllison 15413Seller’s market — /sq ftCardale 15420 — /sq ftChalk Hill 15421Seller’s market $234 /sq ft Browse all markets →Towns like Smithfield nearby
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Questions about Smithfield real estate
Is Smithfield a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Smithfield, PA 15478 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Smithfield?
The typical home went under contract in 96 days in the latest three months.
Do homes in Smithfield sell over asking?
11% of homes sold above their original list price, and the typical sale closed at 91.1% of the list price.
What are property taxes in Smithfield?
About 1.12% of a home’s value a year in Fayette County, or roughly $4,480 on a $400,000 home.
What is the median home price in Smithfield?
The median sale price was $227,573 in the three months ending August 31, 2026, about $188 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology