Is 02825, 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, 02825 has remained a Seller's Market.
Housing Prices in 02825, RI
How much do homes in 02825, RI cost?
Median Sold Price
$500,000
$246/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 02825 was $500,000 in March 2024, up 22.2% from last year, and the median price per square foot was $246.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $212.5K | $420K | +97.6% |
2 Bedrooms | $315K | $282K | -10.5% |
3 Bedrooms | $400K | $525K | +31.3% |
4 Bedrooms | $575K | $552.5K | -3.9% |
5+ Bedrooms | $389.9K | $500K | +28.2% |
Summary: 02825 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 97.6%, 2 bedroom homes decreased by 10.5%, 3 bedroom homes increased by 31.3%, 4 bedroom homes decreased by 3.9%, and 5+ bedroom homes increased by 28.2%.
Housing Supply in 02825, RI
How many homes are available in 02825, RI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 12 | -20.0% |
Summary: The 02825 real estate market had 12 homes for sale in March 2024, a 20.0% 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 | 1 | 2 | +100.0% |
3 Bedrooms | 11 | 7 | -36.4% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 02825 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 increased by 100%, 3 bedroom homes decreased by 36.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 6 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in 02825 in March 2024, up by 200.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for 02825, RI
How long does it take to sell a home in 02825, RI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
118 Days | 32 Days | -72.6% |
Summary: Homes in 02825 had an average of 32 days on market in Mar 2024, down by 72.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 6 homes were sold in 02825; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.