Is 02909, 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, 02909 has remained a Seller's Market.
Key Takeaway
02909 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 02909, RI
How much do homes in 02909, RI cost?
Median Sold Price
$425,000
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 02909 have sold for 16.1% more than they did a year ago.
Summary: The median home sold price in 02909 was $425,000 in March 2024, up 16.1% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $217.5K | $170K | -21.8% |
| 2 Bedrooms | $289K | $295K | +2.1% |
| 3 Bedrooms | $295K | $348.5K | +18.1% |
| 4 Bedrooms | $356.5K | $402.5K | +12.9% |
| 5+ Bedrooms | $450K | $550K | +22.2% |
Summary: 02909 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.8%, 2 bedroom homes increased by 2.1%, 3 bedroom homes increased by 18.1%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes increased by 22.2%.
Housing Supply in 02909, RI
How many homes are available in 02909, RI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 73 | 65 | -11.0% |
Summary: The 02909 real estate market had 65 homes for sale in March 2024, a 11.0% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 2 | -50.0% |
| 2 Bedrooms | 9 | 4 | -55.6% |
| 3 Bedrooms | 12 | 15 | +25.0% |
| 4 Bedrooms | 17 | 13 | -23.5% |
| 5+ Bedrooms | 31 | 31 | 0.0% |
Summary: The 02909 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 55.6%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 23.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 18 | 18 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02909, you could pay more than the asking price. 61.1% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in 02909 in March 2024, the same as the previous month. Of the 18 sold homes, 22% were sold under asking, 17% were sold at asking, and 61% were sold over asking.
Days on Market for 02909, RI
How long does it take to sell a home in 02909, RI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 34 Days | 82 Days | +138.2% |
Summary: Homes in 02909 had an average of 82 days on market in Mar 2024, up by 138.2% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 02909 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 18 homes were sold in 02909; 56% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
