Is Barrington, RI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Barrington is a neutral's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Barrington was a Seller's Market.

Key Takeaway

Barrington is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Barrington, RI

How much do homes in Barrington, RI cost?

Median Sold Price

$675,000

$336/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since March 2023.

Key Takeaway

The sold price of homes in Barrington has remained the same since last year.

Summary: The median home sold price in Barrington was $675,000 in March 2024, the same as last year, and the median price per square foot was $336.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $404K$500K
+23.8%
3 $580K$615K
+6.0%
4 $890K$840K
-5.6%
5+ $1.2M$1.2M
+3.2%

Summary: Barrington housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 23.8%, 3 bedroom homes increased by 6%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 3.2%.

Median Sold Price Compared To Nearby Cities

Warren
+8.9%
East Providence
+7.4%
Riverside
+6.6%
Seekonk
+5.3%
Barrington
0.0%

Housing Supply in Barrington, RI

How many homes are available in Barrington, RI?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
2938+31.0%

Summary: The Barrington real estate market had 38 homes for sale in March 2024, a 31.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 23
+50.0%
3 1015
+50.0%
4 913
+44.4%
5+ 76
-14.3%

Summary: The Barrington 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 increased by 50%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
76-14.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Barrington, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 6 homes were sold or pending in Barrington in March 2024, down by 14.3% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.

Days on Market for Barrington, RI

How long does it take to sell a home in Barrington, RI?

Average Sale Time

Mar 2023Mar 2024CHANGE
53 Days20 Days-62.5%

Summary: Homes in Barrington had an average of 20 days on market in Mar 2024, down by 62.5% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Barrington are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 6 homes were sold in Barrington; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 24 Days Ago

Newest Listings in Barrington, RI

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