Is Barrington, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller'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
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $404K | $500K | +23.8% |
| 3 Bedrooms | $580K | $615K | +6.0% |
| 4 Bedrooms | $890K | $840K | -5.6% |
| 5+ Bedrooms | $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 | $436K | $475K | +8.9% |
| East Providence | $379K | $407K | +7.4% |
| Riverside | $375K | $399.9K | +6.6% |
| Seekonk | $494K | $520K | +5.3% |
| Barrington | $675K | $675K | 0.0% |
Housing Supply in Barrington, RI
How many homes are available in Barrington, RI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 29 | 38 | +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
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 10 | 15 | +50.0% |
| 4 Bedrooms | 9 | 13 | +44.4% |
| 5+ Bedrooms | 7 | 6 | -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 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -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
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 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 53 Days | 20 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
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.
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