Comprehensive market data and analysis• Updated Dec 2025
2.2 months of supply
Low inventory favors sellers with higher prices and faster sales.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | 1 | 1 | 2 |
| 1-2 acres | - | - | - | 1 |
| 2-5 acres | 1 | 1 | 2 | 3 |
| 5-10 acres | 2 | 2 | 2 | 4 |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | 1 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 3 | 4 | 5 | 11 |
Acreage buckets
The median price for land in Smithfield, Rhode Island is currently $44K per acre. For a typical parcel, the median sale price is $183K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $15K while premium lots reached $750K.
Smithfield, Rhode Island is currently a very hot seller's market with 2.2 months of supply. Buyers should be prepared to move quickly and may face competitive pricing. Prices have decreased 93.5% year-over-year.
Smithfield, Rhode Island currently has 2.2 months of inventory supply. This indicates a very hot seller's market. Low supply means competition for available properties is high.
Land in Smithfield, Rhode Island averages $103K per acre. The median price per acre is $44K, which may be more representative of typical transactions. Most parcels sold are around 2.2 acres.
Land in Smithfield, Rhode Island typically sells within 44 days of listing. The median time on market is 31 days. Properties are moving quickly in the current very hot seller's market.
There are currently 3 active listings in Smithfield, Rhode Island. 2 new listings have hit the market in the last 90 days. The median asking price is $799K.
The current absorption rate in Smithfield, Rhode Island is 44.4% (3-month basis), indicating strong demand. With depreciating values (-93.5% YoY), buyers may find value opportunities. The top-performing broker in this market is Alltown Real Estate Group.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
