Is Scituate, 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, Scituate has remained a Seller's Market.
Housing Prices in Scituate, RI
How much do homes in Scituate, RI cost?
Median Sold Price
$443,700
$257/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Scituate was $443,700 in May 2024, up 4.4% from last year, and the median price per square foot was $257.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $195K | $207K | +6.2% |
2 Bedrooms | $362K | $400.7K | +10.7% |
3 Bedrooms | $441.1K | $480K | +8.8% |
4 Bedrooms | $499.9K | $530K | +6.0% |
5+ Bedrooms | $490K | $551K | +12.4% |
Summary: Scituate housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.2%, 2 bedroom homes increased by 10.7%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 12.4%.
Median Sold Price Compared To Nearby Cities
North Scituate | $420K | $479.9K | +14.3% |
Johnston | $380K | $402.5K | +5.9% |
Coventry | $360K | $380.1K | +5.6% |
Scituate | $425K | $443.7K | +4.4% |
Housing Supply in Scituate, RI
How many homes are available in Scituate, RI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
21 | 28 | +33.3% |
Summary: The Scituate real estate market had 28 homes for sale in May 2024, a 33.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 6 | 0.0% |
3 Bedrooms | 7 | 14 | +100.0% |
4 Bedrooms | 6 | 6 | 0.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Scituate housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 7 | +75.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Scituate in May 2024, up by 75.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.
Days on Market for Scituate, RI
How long does it take to sell a home in Scituate, RI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
16 Days | 42 Days | +167.0% |
Summary: Homes in Scituate had an average of 42 days on market in May 2024, up by 167% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in Scituate; 71% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.