Is Smithfield, VA 23430 a buyer’s or seller’s market?
Smithfield is a seller’s market. With about 3.4 months of supply and 27% 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.
More competitive than 58% of U.S. ZIP codes, and #218 of 358 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Smithfield housing market right now
In the three months ending August 31, 2026, 27% of homes in Smithfield, VA 23430 sold above their list price, the typical home went under contract in 45 days and there were 3.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 84 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 32%, homes sold more slowly (39 days then) and the median sale price rose 4% to $482,291. Overall, Smithfield is less competitive than a year ago, which gives buyers more room.
Within Isle of Wight County, homes here sell faster than in 50% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county. On our competition score, Smithfield ranks #218 of 358 VA ZIP codes with enough sales (score 56 out of 100).
Nearby, Carrollton 23314 (45% sold over asking) and Carrsville 23315 (40% sold over asking) are even more competitive.
Run the numbers for 23430
Nearby markets
Carrollton 23314Seller’s market $211 /sq ftCarrsville 23315Seller’s market $197 /sq ftWindsor 23487Seller’s market $223 /sq ftZuni 23898Balanced $217 /sq ft Browse all markets →Towns like Smithfield nearby
Find towns like Smithfield in other states →Where Smithfield is
Loading map…
Questions about Smithfield real estate
Is Smithfield a buyer’s or seller’s market?
A seller’s market: there were 3.4 months of supply in Smithfield, VA 23430 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 45 days in the latest three months.
Do homes in Smithfield sell over asking?
27% of homes sold above their original list price, and the typical sale closed at 99.7% of the list price.
What are property taxes in Smithfield?
About 0.70% of a home’s value a year in Isle of Wight County, or roughly $2,800 on a $400,000 home.
What is the median home price in Smithfield?
The median sale price was $482,291 in the three months ending August 31, 2026, about $208 per square foot.
Local agents
See all agents in 23430 →No sponsored agents in 23430 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 23430
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology