Is 02814, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, 02814 has remained a Seller's Market.
Housing Prices in 02814, RI
How much do homes in 02814, RI cost?
Median Sold Price
$385,000
$216/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since February 2023.
Summary: The median home sold price in 02814 was $385,000 in February 2024, the same as last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $225K | $245K | +8.9% |
2 Bedrooms | $307K | $335K | +9.1% |
3 Bedrooms | $431.2K | $432.5K | 0.3% |
4 Bedrooms | $456K | $444.5K | -2.5% |
5+ Bedrooms | $317.5K | $442K | +39.2% |
Summary: 02814 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.9%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 0.3%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes increased by 39.2%.
Housing Supply in 02814, RI
How many homes are available in 02814, RI?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
22 | 23 | +4.5% |
Summary: The 02814 real estate market had 23 homes for sale in February 2024, a 4.5% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 6 | 6 | 0.0% |
3 Bedrooms | 9 | 11 | +22.2% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The 02814 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 22.2%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
3 | 7 | +133.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in 02814 in February 2024, up by 133.3% month-over-month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.
Days on Market for 02814, RI
How long does it take to sell a home in 02814, RI?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
16 Days | 31 Days | +97.3% |
Summary: Homes in 02814 had an average of 31 days on market in Feb 2024, up by 97.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 7 homes were sold in 02814; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.