Is Bristol County, 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, Bristol County has remained a Seller's Market.
Key Takeaway
Bristol County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bristol County, RI
How much do homes in Bristol County, RI cost?
Median Sold Price
$610,033
$323/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Bristol County have sold for 14.9% more than they did a year ago.
Summary: The median home sold price in Bristol County was $610,033 in March 2024, up 14.9% from last year, and the median price per square foot was $323.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $265K | $369K | +39.2% |
| 2 Bedrooms | $400K | $445K | +11.3% |
| 3 Bedrooms | $522.5K | $600K | +14.8% |
| 4 Bedrooms | $730K | $710K | -2.7% |
| 5+ Bedrooms | $678.2K | $815K | +20.2% |
Summary: Bristol County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 39.2%, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 14.8%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes increased by 20.2%.
Median Sold Price Compared To Nearby Counties
| Bristol County | $531K | $610K | +14.9% |
| Providence County | $378.4K | $410.1K | +8.4% |
| Bristol County | $449.8K | $478.9K | +6.5% |
Housing Supply in Bristol County, RI
How many homes are available in Bristol County, RI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 86 | 92 | +7.0% |
Summary: The Bristol County real estate market had 92 homes for sale in March 2024, a 7.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 18 | 18 | 0.0% |
| 3 Bedrooms | 30 | 30 | 0.0% |
| 4 Bedrooms | 21 | 25 | +19.0% |
| 5+ Bedrooms | 16 | 16 | 0.0% |
Summary: The Bristol County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 19%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 28 | 20 | -28.6% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bristol County, you could pay more than the asking price. 40% of homes here sold above asking price last month.
Summary: A total of 20 homes were sold or pending in Bristol County in March 2024, down by 28.6% month-over-month. Of the 20 sold homes, 35% were sold under asking, 25% were sold at asking, and 40% were sold over asking.
Days on Market for Bristol County, RI
How long does it take to sell a home in Bristol County, RI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 44 Days | 25 Days | -42.8% |
Summary: Homes in Bristol County had an average of 25 days on market in Mar 2024, down by 42.8% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bristol County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 20 homes were sold in Bristol County; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
