Is Smithfield, KY 40068 a buyer’s or seller’s market?

The Smithfield housing market right now

In the three months ending August 31, 2026, 40% of homes in Smithfield, KY 40068 sold above their list price, the typical home went under contract in 4 days and there were 5.1 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 5 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking rose from 13%, homes sold faster (23 days then) and the median sale price held steady to $414,821. Overall, Smithfield is more competitive than a year ago, so tougher for buyers.

Within Henry County, homes here sell faster than in 67% of the county’s ZIP codes, and sell more often over asking than in 86%.

Nearby, buyers who want less competition could look at Turners Station 40075 (0% sold over asking) or Lockport 40036 (0% sold over asking), while New Castle 40050 (50% sold over asking) is even more competitive.