Is 02904, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 02904 has remained a Seller's Market.
Housing Prices in 02904, RI
How much do homes in 02904, RI cost?
Median Sold Price
$370,000
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 02904 was $370,000 in April 2024, up 13.9% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $150K | $168.7K | +12.5% |
2 Bedrooms | $265K | $320K | +20.8% |
3 Bedrooms | $350K | $390K | +11.4% |
4 Bedrooms | $385K | $432.4K | +12.3% |
5+ Bedrooms | $423.5K | $500K | +18.1% |
Summary: 02904 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 20.8%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes increased by 18.1%.
Housing Supply in 02904, RI
How many homes are available in 02904, RI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
118 | 112 | -5.1% |
Summary: The 02904 real estate market had 112 homes for sale in April 2024, a 5.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 18 | 20 | +11.1% |
2 Bedrooms | 31 | 30 | -3.2% |
3 Bedrooms | 39 | 35 | -10.3% |
4 Bedrooms | 16 | 14 | -12.5% |
5+ Bedrooms | 14 | 13 | -7.1% |
Summary: The 02904 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes decreased by 3.2%, 3 bedroom homes decreased by 10.3%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 7.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
31 | 30 | -3.2% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in 02904 in April 2024, down by 3.2% month-over-month. Of the 30 sold homes, 37% were sold under asking, 7% were sold at asking, and 57% were sold over asking.
Days on Market for 02904, RI
How long does it take to sell a home in 02904, RI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
33 Days | 40 Days | +22.4% |
Summary: Homes in 02904 had an average of 40 days on market in Apr 2024, up by 22.4% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 30 homes were sold in 02904; 57% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.