Is 02920, 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, 02920 has remained a Seller's Market.
Housing Prices in 02920, RI
How much do homes in 02920, RI cost?
Median Sold Price
$400,833
$245/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 02920 was $400,833 in March 2024, up 6.8% from last year, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $180.5K | $208.5K | +15.5% |
2 Bedrooms | $300K | $349.5K | +16.5% |
3 Bedrooms | $379K | $410K | +8.2% |
4 Bedrooms | $412.5K | $450K | +9.1% |
5+ Bedrooms | $425.5K | $484.9K | +14.0% |
Summary: 02920 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.5%, 2 bedroom homes increased by 16.5%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 14%.
Housing Supply in 02920, RI
How many homes are available in 02920, RI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
63 | 76 | +20.6% |
Summary: The 02920 real estate market had 76 homes for sale in March 2024, a 20.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 19 | 16 | -15.8% |
3 Bedrooms | 27 | 42 | +55.6% |
4 Bedrooms | 8 | 11 | +37.5% |
5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The 02920 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 decreased by 15.8%, 3 bedroom homes increased by 55.6%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 22 | +46.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in 02920 in March 2024, up by 46.7% month-over-month. Of the 22 sold homes, 23% were sold under asking, 14% were sold at asking, and 64% were sold over asking.
Days on Market for 02920, RI
How long does it take to sell a home in 02920, RI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
32 Days | 13 Days | -57.5% |
Summary: Homes in 02920 had an average of 13 days on market in Mar 2024, down by 57.5% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 22 homes were sold in 02920; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.