Is 02904, RI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 02904 is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, 02904 has remained a Seller's Market.

Key Takeaway

02904 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 02904, RI cost?

Median Sold Price

$315,000

$192/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$24,000(+8.2%)

Key Takeaway

Homes in 02904 have sold for 8.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $110K$134.5K
+22.3%
2 $248K$253K
+2.0%
3 $315K$340K
+7.9%
4 $331K$380K
+14.8%
5+ $375K$445K
+18.7%

Median Sold Price Compared To Nearby Zip Codes

02911
+16.0%
02908
+14.9%
02860
+12.5%
02906
+9.4%
02904
+8.2%

How many homes are available in 02904, RI?

Number of Homes For Sale

Oct 2022Nov 2022%
127104-18.1%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 1413
-7.1%
2 3627
-25.0%
3 4235
-16.7%
4 2317
-26.1%
5+ 1212
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
4833-31.3%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 02904, you could pay more than the asking price. 42.4% of homes here sold above asking price last month.

Average Sale Time

Nov 2021Nov 2022%
29 Days31 Days+8.3%

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 02904 are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About 02904, RI

02904, RI has 104 homes on the market. The number of listings in 02904, RI decreased by 18.1% between October 2022 and November 2022. In November 2022 median list price was $315,000 and the average listing age was 31 days. Between October 2022 and November 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties went up by 22.3%, prices of 2 bedrooms properties increased by 2%, prices of 3 bedrooms properties went up by 7.9%, 4 bedrooms properties prices increased by 14.8%, 5 bedrooms properties prices increased by 18.7%. Housing inventory have changed in this real estate market: 1 bedroom homes inventory decreased by 7.1%, volume of 2 bedrooms homes went down by 25%, 3 bedrooms homes became 16.7% less available, 4 bedrooms homes became 26.1% less available, volume of 5 bedrooms homes stayed the same. 02904, RI housing market in November 2022 saw over 14 listings sold above listed price, more than 7 sold at listed price and over 12 sold below.