Is 02910, 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, 02910 has remained a Seller's Market.
Key Takeaway
02910 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 02910, RI
How much do homes in 02910, RI cost?
Median Sold Price
$385,000
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 02910 have sold for 14.7% more than they did a year ago.
Summary: The median home sold price in 02910 was $385,000 in March 2024, up 14.7% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $265K | $290K | +9.4% |
| 2 Bedrooms | $290.2K | $316.5K | +9.1% |
| 3 Bedrooms | $337.4K | $380K | +12.6% |
| 4 Bedrooms | $357.5K | $408.2K | +14.2% |
| 5+ Bedrooms | $465K | $527.5K | +13.4% |
Summary: 02910 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.4%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 12.6%, 4 bedroom homes increased by 14.2%, and 5+ bedroom homes increased by 13.4%.
Housing Supply in 02910, RI
How many homes are available in 02910, RI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 50 | 36 | -28.0% |
Summary: The 02910 real estate market had 36 homes for sale in March 2024, a 28.0% 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 | 6 | 6 | 0.0% |
| 3 Bedrooms | 31 | 22 | -29.0% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 6 | 3 | -50.0% |
Summary: The 02910 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 remained the same, 3 bedroom homes decreased by 29%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 19 | 15 | -21.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02910, you could pay more than the asking price. 73.3% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in 02910 in March 2024, down by 21.1% month-over-month. Of the 15 sold homes, 20% were sold under asking, 7% were sold at asking, and 73% were sold over asking.
Days on Market for 02910, RI
How long does it take to sell a home in 02910, RI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 18 Days | 13 Days | -29.6% |
Summary: Homes in 02910 had an average of 13 days on market in Mar 2024, down by 29.6% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 02910 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 15 homes were sold in 02910; 87% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
