Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: Smithfield
September 26, 2026
(910) 395‑1000 · buddyblake.ai
Smithfield: 1 in 4 Listings Didn't Sell This Year
In Smithfield, 105 homes sold over the last 12 months and 32 didn't sell, a 23% didn't-sell rate, up from 14% the year before. Typical sold price was $335,000, and homes that were priced right from the start sold in 60 days versus 64 days for ones that needed price cuts.
Which pile do you want to be in?
Out of every 20 homes listed in Smithfield over the last 12 months, the solid houses sold. The outlined ones expired, were withdrawn or were canceled.
Priced right from day one: sold in a median 60 days. Needed price cuts: 64 days, and sold for 93.2% of the first price.
What waiting costs
| Mortgage (principal + interest) | $1,788 |
| Property taxes | $145 |
| Homeowners insurance | $250 |
| Upkeep | $279 |
| Utilities | $250 |
| About | $2,710 |
About $2,710 every month the home sits.
Listings that didn't sell stayed on the market a median of 135 days — roughly $12,000 in holding costs, and the home still didn't sell.
An example, not a quote: 20% down, 30-year fixed at 7.03% (Freddie Mac average, 2026-09-24); Johnston County rate 0.52 per $100 (NC Department of Revenue, 2025-26 county rates); town taxes add more inside town limits; insurance, upkeep (1% of value a year) and utilities are typical estimates. If your home is paid off, the mortgage line drops out — the rest still adds up.
When contracts fall apart
Contracts that fell apart
12%
15 of about 122 before closing
Those homes that later sold
87%
13% never sold
Sold vs. first ask after a fall-through
98.7%
vs. 98.7% on the first contract
Days to sell after a fall-through
139
vs. 61 on the first contract
The MLS doesn't record why a contract ends. In our experience the most common reasons are home inspection findings, appraisals that come in below the price, and buyer financing. How buyers paid on closed sales: conventional 42% · cash 12% · VA 12% · FHA 23%.
If you're selling
- Homes under $300K struggled most, with a 31% didn't-sell rate. Price it right from day one
- Listings that never sold sat a median of 135 days and still needed a 3.6% price cut
- Waiting costs money. Carrying an unsold home about $335,000 runs an estimated $12,000 while it sits
- Contracts fell apart 12% of the time, about 1 in 8. Most often it's inspection, appraisal or financing issues. Be ready for the home inspection and have your financing lined up
If you're buying
- Homes typically sold at 98.7% of first asking price, and 63% sold below that first ask. There's room to negotiate
- Homes that needed a price cut took 64 days to sell versus 60 days for correctly priced ones. Watch for listings that have been sitting
- Financing splits: 42% conventional, 23% FHA, 12% VA, 12% cash. Know how others are paying
Did you know?
- If a contract fell apart, 87% of those homes went on to sell later anyway, typically at 98.7% of asking
- Homes in the $300-400K range had the lowest didn't-sell rate, at 15%
- At a 7.03% mortgage rate, the estimated monthly carrying cost on a $335,000 home is $2,710
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Thinking of selling in Smithfield? What it takes and what it costs →
For sellers
Listings that didn't sell
23%
up 9.0 pts from a year ago
32 expired, withdrawn or canceled vs 105 sold
Sold vs. first asking price
98.7%
down 1.3 pts from a year ago
median sale price ÷ original list price
Sold below first asking
63%
share of homes that sold
Price cut on homes that didn't sell
3.6%
median — and they still didn't sell
For buyers
True days on market
64
down 21 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
1.3%
how far under the original price homes sold
Didn't sell, then sold on a relist
16%
of listings that didn't sell the first time
Median sold price
$335K
down 2.9% from a year ago
105 homes sold
The last 24 months
17% latest month · Aug 26
82 latest month · Aug 26
99.3% latest month · Aug 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 22 | 10 | 31% | 50 | 94.6% |
| $300–400K | 68 | 12 | 15% | 84 | 98.9% |
| $400–500K | 12 | 7 | 37% | 37 | 97.5% |
| $500–750K | 2 | 2 | 50% | 60 | 92.7% |
| $750K–1M | 1 | 1 | 50% | 353 | 98.8% |
Homes only (land excluded), last 12 months unless noted. "Didn't sell" = listings that expired, were withdrawn or were canceled (some owners stop for reasons that have nothing to do with the market); true days on market counts from the first listing, even when a home was relisted. Source: Hive MLS listing and sales records, updated September 26, 2026. Totals only — no individual listing is shown. Buddy Blake Team · Coldwell Banker Sea Coast Advantage · (910) 395‑1000