Real Estate Market Update for Smithfield, RI
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Welcome to March's Market Update,. Let's take a look at residential real-estate activity in your area during the month of March. The number of active listings was down 21% from one year earlier, and up 15% from the previous month. This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month was just under 290-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 61%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 200-thousand dollars. The number of units sold increased 33% year-over-year, and increased 45% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Map Information for Smithfield, RI
Area Information for Smithfield, RI
  • Population: 21,381
  • Median Age: 41.57 yr
  • Median Commute Time: 20.25 mins
  • Educational Climate*: 4
  • Sales Tax: 7%
  • Population Density: 813/sq mi
  • Population Change Since 2000: 3.59%
  • Closest Airport: Theodore Francis Green State
  • Closest College: Bryant University
  • Closest Jr. College: Lincoln Technical Institute
  • Median Household Income: $73,247
  • Annual Residential Turnover: 13.85%
  • Median Years in Residence: 4.47 yr
  • Median Home Sales Price: $195,000
  • Closest Major Sports Team: New England Revolution
  • Change Avg. Household Income Since 2000: 31%
* Scale from 1-5** Index where 100 is the national average
Demographic Data for Smithfield, RI
Median Age: 41.57 Married: 35% Number of Households: 7,675 Households with Children: 2,175
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Smithfield, RI

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Vincent J. Gallagher Middle School 0.6 mi Public 6-8 4-5 4
      Anna M. Mccabe School 0.8 mi Public PRESCHOOL-5 4-5 5
      Smithfield Senior High School 0.9 mi Public 9-12 4 3
      Breezy Knoll Child Care Center 1.5 mi Private PRESCHOOL-K 0 0
      The Children's Workshop-smithfield 1.5 mi Private PRESCHOOL-K 0 0
      William Winsor School 1.6 mi Public K-5 5 4
      St. Philip School 1.6 mi Catholic PRESCHOOL-8 0 5
      Old County Road School 1.9 mi Public K-5 4 4
      Masters Regional Academy 1.9 mi Private 7-12 0 4
      Raymond C. Laperche School 1.9 mi Public K-5 5 5
      The Stork's Nest Child Academy - Smithfield 3.2 mi Private PRESCHOOL-1 0 4
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics 2014
      Local Weather for Smithfield, RI
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.