Is 02813, 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, 02813 has remained a Seller's Market.
Housing Prices in 02813, RI
How much do homes in 02813, RI cost?
Median Sold Price
$550,000
$342/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 02813 was $550,000 in March 2024, down 9.1% from last year, and the median price per square foot was $342.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $202.5K | $283.1K | +39.8% |
2 Bedrooms | $418K | $385K | -7.9% |
3 Bedrooms | $606K | $580K | -4.3% |
4 Bedrooms | $752.5K | $650K | -13.6% |
5+ Bedrooms | $1.3M | $590K | -56.5% |
Summary: 02813 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 39.8%, 2 bedroom homes decreased by 7.9%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes decreased by 13.6%, and 5+ bedroom homes decreased by 56.5%.
Housing Supply in 02813, RI
How many homes are available in 02813, RI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
21 | 22 | +4.8% |
Summary: The 02813 real estate market had 22 homes for sale in March 2024, a 4.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 5 | 7 | +40.0% |
3 Bedrooms | 13 | 10 | -23.1% |
4 Bedrooms | 1 | 2 | +100.0% |
5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The 02813 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 40%, 3 bedroom homes decreased by 23.1%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 6 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in 02813 in March 2024, down by 33.3% month-over-month. Of the 6 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for 02813, RI
How long does it take to sell a home in 02813, RI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
26 Days | 17 Days | -35.1% |
Summary: Homes in 02813 had an average of 17 days on market in Mar 2024, down by 35.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 6 homes were sold in 02813; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.