Is 02832, 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, 02832 has remained a Seller's Market.
Housing Prices in 02832, RI
How much do homes in 02832, RI cost?
Median Sold Price
$485,000
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 02832 was $485,000 in March 2024, up 18.3% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $290K | $71.7K | -75.3% |
2 Bedrooms | $345K | $340.4K | -1.3% |
3 Bedrooms | $404K | $493.7K | +22.2% |
4 Bedrooms | $505K | $645K | +27.7% |
5+ Bedrooms | $395.7K | - | N/A |
Summary: 02832 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 75.3%, 2 bedroom homes decreased by 1.3%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 27.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
02833 | $362.5K | $517.5K | +42.8% |
02832 | $410K | $485K | +18.3% |
Housing Supply in 02832, RI
How many homes are available in 02832, RI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 12 | -25.0% |
Summary: The 02832 real estate market had 12 homes for sale in March 2024, a 25.0% 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 | 3 | 1 | -66.7% |
3 Bedrooms | 9 | 9 | 0.0% |
4 Bedrooms | 3 | 1 | -66.7% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 02832 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 66.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 3 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in 02832 in March 2024, down by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for 02832, RI
How long does it take to sell a home in 02832, RI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
13 Days | 14 Days | +7.7% |
Summary: Homes in 02832 had an average of 14 days on market in Mar 2024, up by 7.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 3 homes were sold in 02832; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.