Is Jamestown, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Jamestown was a Seller's Market.
Housing Prices in Jamestown, RI
How much do homes in Jamestown, RI cost?
Median Sold Price
$1,100,000
$568/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Jamestown was $1,100,000 in May 2024, up 12.2% from last year, and the median price per square foot was $568.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $580K | $635.7K | +9.6% |
2 Bedrooms | $700K | $730K | +4.3% |
3 Bedrooms | $940K | $1.1M | +21.0% |
4 Bedrooms | $1.1M | $1.8M | +56.6% |
5+ Bedrooms | $4.1M | $2.8M | -31.3% |
Summary: Jamestown housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.6%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 21%, 4 bedroom homes increased by 56.6%, and 5+ bedroom homes decreased by 31.3%.
Median Sold Price Compared To Nearby Cities
Jamestown | $980K | $1.1M | +12.2% |
Newport | $780K | $835K | +7.1% |
Middletown | $685K | $715K | +4.4% |
Housing Supply in Jamestown, RI
How many homes are available in Jamestown, RI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
25 | 29 | +16.0% |
Summary: The Jamestown real estate market had 29 homes for sale in May 2024, a 16.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 4 | 8 | +100.0% |
3 Bedrooms | 13 | 8 | -38.5% |
4 Bedrooms | 6 | 10 | +66.7% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Jamestown housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 38.5%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 4 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Jamestown in May 2024, the same as the previous month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Jamestown, RI
How long does it take to sell a home in Jamestown, RI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
61 Days | 41 Days | -33.0% |
Summary: Homes in Jamestown had an average of 41 days on market in May 2024, down by 33% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 4 homes were sold in Jamestown; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.