Is Bristol, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Bristol has remained a Seller's Market.
Housing Prices in Bristol, RI
How much do homes in Bristol, RI cost?
Median Sold Price
$603,025
$322/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Bristol was $603,025 in February 2024, up 20.6% from last year, and the median price per square foot was $322.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $324K | $369K | +13.9% |
2 Bedrooms | $407.5K | $444.9K | +9.2% |
3 Bedrooms | $510K | $632.5K | +24.0% |
4 Bedrooms | $542.5K | $604.9K | +11.5% |
5+ Bedrooms | $562.5K | $825K | +46.7% |
Summary: Bristol housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.9%, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 24%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 46.7%.
Median Sold Price Compared To Nearby Cities
Bristol | $500K | $603K | +20.6% |
Warren | $417.5K | $490.9K | +17.6% |
Housing Supply in Bristol, RI
How many homes are available in Bristol, RI?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
38 | 39 | +2.6% |
Summary: The Bristol real estate market had 39 homes for sale in February 2024, a 2.6% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 8 | +14.3% |
3 Bedrooms | 13 | 13 | 0.0% |
4 Bedrooms | 11 | 10 | -9.1% |
5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Bristol housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
10 | 13 | +30.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Bristol in February 2024, up by 30.0% month-over-month. Of the 13 sold homes, 54% were sold under asking, 8% were sold at asking, and 38% were sold over asking.
Days on Market for Bristol, RI
How long does it take to sell a home in Bristol, RI?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
32 Days | 42 Days | +29.3% |
Summary: Homes in Bristol had an average of 42 days on market in Feb 2024, up by 29.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 13 homes were sold in Bristol; 38% of homes were sold within 30 days, 54% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.