Is 02888, 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, 02888 has remained a Seller's Market.
Housing Prices in 02888, RI
How much do homes in 02888, RI cost?
Median Sold Price
$375,000
$255/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 02888 was $375,000 in February 2024, up 10.3% from last year, and the median price per square foot was $255.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $225K | $265K | +17.8% |
2 Bedrooms | $311K | $333.4K | +7.2% |
3 Bedrooms | $350K | $405K | +15.7% |
4 Bedrooms | $385K | $418.2K | +8.6% |
5+ Bedrooms | $450K | $461.5K | +2.6% |
Summary: 02888 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.8%, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 15.7%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 2.6%.
Housing Supply in 02888, RI
How many homes are available in 02888, RI?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
43 | 43 | 0.0% |
Summary: The 02888 real estate market had 43 homes for sale in February 2024, the same as January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 4 | -20.0% |
2 Bedrooms | 8 | 7 | -12.5% |
3 Bedrooms | 25 | 30 | +20.0% |
4 Bedrooms | 5 | 2 | -60.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 02888 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 60%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
13 | 9 | -30.8% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in 02888 in February 2024, down by 30.8% month-over-month. Of the 9 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for 02888, RI
How long does it take to sell a home in 02888, RI?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
36 Days | 35 Days | -4.5% |
Summary: Homes in 02888 had an average of 35 days on market in Feb 2024, down by 4.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 9 homes were sold in 02888; 44% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.