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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bristol is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Bristol has remained a Seller's Market.

Key Takeaway

Bristol is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$103,025(+20.6%)

Key Takeaway

Homes in Bristol have sold for 20.6% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $324K$369K
+13.9%
2 $407.5K$444.9K
+9.2%
3 $510K$632.5K
+24.0%
4 $542.5K$604.9K
+11.5%
5+ $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
+20.6%
Warren
+17.6%

Housing Supply in Bristol, RI

How many homes are available in Bristol, RI?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
3839+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

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 78
+14.3%
3 1313
0.0%
4 1110
-9.1%
5+ 78
+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 2024Feb 2024CHANGE
1013+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bristol, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
32 Days42 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

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Bristol has remained consistent over time.

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.

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

Report Updated 28 Days Ago

Newest Listings in Bristol, RI

Nearby Markets to Bristol, RI