Is 02919, 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, 02919 has remained a Seller's Market.
Housing Prices in 02919, RI
How much do homes in 02919, RI cost?
Median Sold Price
$399,450
$237/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 02919 was $399,450 in March 2024, up 6.5% from last year, and the median price per square foot was $237.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $207.5K | $240K | +15.7% |
2 Bedrooms | $300K | $315K | +5.0% |
3 Bedrooms | $392K | $409.5K | +4.5% |
4 Bedrooms | $390K | $421K | +7.9% |
5+ Bedrooms | $404K | $485K | +20.0% |
Summary: 02919 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.7%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 20%.
Housing Supply in 02919, RI
How many homes are available in 02919, RI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
74 | 75 | +1.4% |
Summary: The 02919 real estate market had 75 homes for sale in March 2024, a 1.4% 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 | 49 | 48 | -2.0% |
4 Bedrooms | 10 | 11 | +10.0% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The 02919 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 decreased by 2%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 22 | +29.4% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in 02919 in March 2024, up by 29.4% month-over-month. Of the 22 sold homes, 41% were sold under asking, 18% were sold at asking, and 41% were sold over asking.
Days on Market for 02919, RI
How long does it take to sell a home in 02919, RI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
22 Days | 40 Days | +79.4% |
Summary: Homes in 02919 had an average of 40 days on market in Mar 2024, up by 79.4% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 22 homes were sold in 02919; 59% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.