Is 02804, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 02804 was a Seller's Market.
Housing Prices in 02804, RI
How much do homes in 02804, RI cost?
Median Sold Price
$410,000
$258/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 02804 was $410,000 in April 2024, up 5.1% from last year, and the median price per square foot was $258.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $65.5K | - | N/A |
2 Bedrooms | $270K | $254.5K | -5.7% |
3 Bedrooms | $417.5K | $435K | +4.2% |
4 Bedrooms | $404K | $521.9K | +29.2% |
5+ Bedrooms | $450K | - | N/A |
Summary: 02804 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.7%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 29.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
02891 | $444K | $470K | +5.9% |
02804 | $390K | $410K | +5.1% |
Housing Supply in 02804, RI
How many homes are available in 02804, RI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 10 | +42.9% |
Summary: The 02804 real estate market had 10 homes for sale in April 2024, a 42.9% increase 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 | 0 | 1 | +100.0% |
3 Bedrooms | 6 | 6 | 0.0% |
4 Bedrooms | 1 | 3 | +200.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 02804 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 remained the same, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in 02804 in April 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 02804, RI
How long does it take to sell a home in 02804, RI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
31 Days | 102 Days | +222.1% |
Summary: Homes in 02804 had an average of 102 days on market in Apr 2024, up by 222.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 1 homes were sold in 02804; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.