Is 02917, 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, 02917 has remained a Seller's Market.
Housing Prices in 02917, RI
How much do homes in 02917, RI cost?
Median Sold Price
$430,000
$264/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since March 2023.
Summary: The median home sold price in 02917 was $430,000 in March 2024, the same as last year, and the median price per square foot was $264.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $230K | $244.9K | +6.5% |
2 Bedrooms | $330K | $376.5K | +14.1% |
3 Bedrooms | $462K | $450K | -2.6% |
4 Bedrooms | $564.9K | $610K | +8.0% |
5+ Bedrooms | $405K | $472.5K | +16.7% |
Summary: 02917 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.5%, 2 bedroom homes increased by 14.1%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 16.7%.
Housing Supply in 02917, RI
How many homes are available in 02917, RI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
26 | 29 | +11.5% |
Summary: The 02917 real estate market had 29 homes for sale in March 2024, a 11.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 10 | 10 | 0.0% |
3 Bedrooms | 9 | 10 | +11.1% |
4 Bedrooms | 3 | 5 | +66.7% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 02917 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 remained the same, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 10 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in 02917 in March 2024, up by 100.0% month-over-month. Of the 10 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for 02917, RI
How long does it take to sell a home in 02917, RI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
39 Days | 45 Days | +16.2% |
Summary: Homes in 02917 had an average of 45 days on market in Mar 2024, up by 16.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 10 homes were sold in 02917; 50% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.