Is 02809, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 02809 has remained a Seller's Market.
Key Takeaway
02809 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 02809, RI
How much do homes in 02809, RI cost?
Median Sold Price
$609,000
$328/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 02809 have sold for 21.8% more than they did a year ago.
Summary: The median home sold price in 02809 was $609,000 in March 2024, up 21.8% from last year, and the median price per square foot was $328.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $324K | $369K | +13.9% |
| 2 Bedrooms | $401K | $449.9K | +12.2% |
| 3 Bedrooms | $511K | $615K | +20.4% |
| 4 Bedrooms | $540K | $621.2K | +15.0% |
| 5+ Bedrooms | $550K | $822K | +49.5% |
Summary: 02809 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.9%, 2 bedroom homes increased by 12.2%, 3 bedroom homes increased by 20.4%, 4 bedroom homes increased by 15%, and 5+ bedroom homes increased by 49.5%.
Median Sold Price Compared To Nearby Zip Codes
| 02809 | $500K | $609K | +21.8% |
| 02885 | $436K | $475K | +8.9% |
| 02806 | $669.9K | $675K | +0.8% |
Housing Supply in 02809, RI
How many homes are available in 02809, RI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 42 | 37 | -11.9% |
Summary: The 02809 real estate market had 37 homes for sale in March 2024, a 11.9% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 9 | -10.0% |
| 3 Bedrooms | 14 | 9 | -35.7% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The 02809 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10%, 3 bedroom homes decreased by 35.7%, 4 bedroom homes increased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 9 | -35.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02809, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in 02809 in March 2024, down by 35.7% month-over-month. Of the 9 sold homes, 44% were sold under asking, 0% were sold at asking, and 56% were sold over asking.
Days on Market for 02809, RI
How long does it take to sell a home in 02809, RI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 48 Days | 21 Days | -55.6% |
Summary: Homes in 02809 had an average of 21 days on market in Mar 2024, down by 55.6% compared to last year.
Breakdown of Home Sale Times
8 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 02809 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 9 homes were sold in 02809; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Copyright © 2024 Smart MLS. The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed.