Is Barrington, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Barrington has remained a Seller's Market.
Key Takeaway
Barrington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Barrington, RI
How much do homes in Barrington, RI cost?
Median Sold Price
$689,500
$360/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Barrington have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in Barrington was $689,500 in May 2024, up 6.6% from last year, and the median price per square foot was $360.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $420K | $500K | +19.0% |
| 3 Bedrooms | $590K | $607.5K | +3.0% |
| 4 Bedrooms | $810K | $890K | +9.9% |
| 5+ Bedrooms | $1.1M | $1.6M | +48.0% |
Summary: Barrington housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes increased by 48%.
Median Sold Price Compared To Nearby Cities
| East Providence | $380.2K | $410K | +7.8% |
| Seekonk | $494K | $530K | +7.3% |
| Barrington | $646.6K | $689.5K | +6.6% |
| Warren | $455K | $482K | +5.9% |
| Riverside | $375K | $390.5K | +4.1% |
Housing Supply in Barrington, RI
How many homes are available in Barrington, RI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 57 | 71 | +24.6% |
Summary: The Barrington real estate market had 71 homes for sale in May 2024, a 24.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 27 | 31 | +14.8% |
| 4 Bedrooms | 16 | 25 | +56.3% |
| 5+ Bedrooms | 7 | 10 | +42.9% |
Summary: The Barrington housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 56.3%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 16 | +33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Barrington, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Barrington in May 2024, up by 33.3% month-over-month. Of the 16 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Barrington, RI
How long does it take to sell a home in Barrington, RI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 17 Days | 16 Days | -3.0% |
Summary: Homes in Barrington had an average of 16 days on market in May 2024, down by 3% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Barrington are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 16 homes were sold in Barrington; 81% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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