Is Foster, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Foster has remained a Seller's Market.
Key Takeaway
Foster is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Foster, RI
How much do homes in Foster, RI cost?
Median Sold Price
$500,000
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Foster have sold for 21.8% more than they did a year ago.
Summary: The median home sold price in Foster was $500,000 in April 2024, up 21.8% from last year, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $212.5K | $420K | +97.6% |
| 2 Bedrooms | $310K | $282K | -9.0% |
| 3 Bedrooms | $435K | $525K | +20.7% |
| 4 Bedrooms | $575K | $552.5K | -3.9% |
| 5+ Bedrooms | $389.9K | $486.5K | +24.8% |
Summary: Foster housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 97.6%, 2 bedroom homes decreased by 9%, 3 bedroom homes increased by 20.7%, 4 bedroom homes decreased by 3.9%, and 5+ bedroom homes increased by 24.8%.
Median Sold Price Compared To Nearby Cities
| Foster | $410.5K | $500K | +21.8% |
| Glocester | $387K | $441K | +14.0% |
| Killingly | $282.5K | $311K | +10.1% |
| North Scituate | $418K | $452K | +8.1% |
Housing Supply in Foster, RI
How many homes are available in Foster, RI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 7 | -46.2% |
Summary: The Foster real estate market had 7 homes for sale in April 2024, a 46.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 10 | 5 | -50.0% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Foster housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 50%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Foster, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Foster in April 2024, down by 33.3% month-over-month. Of the 4 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Foster, RI
How long does it take to sell a home in Foster, RI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 71 Days | 16 Days | -77.6% |
Summary: Homes in Foster had an average of 16 days on market in Apr 2024, down by 77.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Foster are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Foster; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
