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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bristol County is a seller's market

Buyer's
Market

Difference Since May 2022

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.

How much do homes in Bristol County, RI cost?

Median Sold Price

$545,000

$300/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2022

+$45,000(+9.0%)

Key Takeaway

Homes in Bristol County have sold for 9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2022May 2023%
1 $222K$294.5K
+32.7%
2 $369K$411K
+11.4%
3 $484.6K$530K
+9.3%
4 $662.5K$683K
+3.1%
5+ $645K$675K
+4.7%

Median Sold Price Compared To Nearby Counties

Bristol County
+9.0%
Providence County
+8.7%
Bristol County
+7.2%

How many homes are available in Bristol County, RI?

Number of Homes For Sale

Apr 2023May 2023%
121122+0.8%

Homes For Sale By Bedroom Count

# BEDSApr 2023May 2023%
1 10
-100.0%
2 1921
+10.5%
3 5448
-11.1%
4 3134
+9.7%
5+ 1619
+18.8%

Number of Homes Sold

Apr 2023May 2023%
3638+5.6%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

20 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bristol County, you could pay more than the asking price. 52.6% of homes here sold above asking price last month.

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

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

Average Sale Time

May 2022May 2023%
23 Days32 Days+38.1%

Breakdown of Home Sale Times

31 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

What housing markets are near Bristol County, RI?

About Bristol County, RI

Number of homes for sale in Bristol County, RI real estate market have reached 122. In May 2023 in Bristol County, RI there were 0.8% more homes for sale than in April 2023. In May 2023, listings were on the market for 32 days. During the same period, the median list price in this real estate market was $545,000. Between April 2023 and May 2023, listing prices of homes in this real estate market have seen the following changes: the cost of 1 bedroom properties went up by 32.7%, prices of 2 bedrooms properties went up by 11.4%, the cost of 3 bedrooms properties went up by 9.3%, 4 bedrooms properties became 3.1% more expensive, the cost of 5 bedrooms properties went up by 4.7%. This housing market inventory have changed: 1 bedroom homes inventory decreased by 100%, volume of 2 bedrooms homes went up by 10.5%, number of 3 bedrooms homes decreased by 11.1%, volume of 4 bedrooms homes went up by 9.7%, the quantity of 5 bedrooms homes went up by 18.8%. Bristol County, RI housing market in May 2023 saw over 20 listings sold above listed price, more than 9 sold at listed price and over 9 sold below.