Is Bristol, 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 has remained a Seller's Market.
Housing Prices in Bristol, RI
How much do homes in Bristol, RI cost?
Median Sold Price
$609,000
$328/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Bristol was $609,000 in March 2024, up 21.8% from last year, and the median price per square foot was $328.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $324K | $369K | +13.9% |
2 Bedrooms | $401K | $449.9K | +12.2% |
3 Bedrooms | $511K | $615K | +20.4% |
4 Bedrooms | $540K | $621.2K | +15.0% |
5+ Bedrooms | $550K | $822K | +49.5% |
Summary: Bristol housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.9%, 2 bedroom homes increased by 12.2%, 3 bedroom homes increased by 20.4%, 4 bedroom homes increased by 15%, and 5+ bedroom homes increased by 49.5%.
Median Sold Price Compared To Nearby Cities
Bristol | $500K | $609K | +21.8% |
Warren | $436K | $475K | +8.9% |
Housing Supply in Bristol, RI
How many homes are available in Bristol, RI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
42 | 37 | -11.9% |
Summary: The Bristol real estate market had 37 homes for sale in March 2024, a 11.9% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 10 | 9 | -10.0% |
3 Bedrooms | 14 | 9 | -35.7% |
4 Bedrooms | 10 | 11 | +10.0% |
5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Bristol 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 decreased by 10%, 3 bedroom homes decreased by 35.7%, 4 bedroom homes increased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 9 | -35.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Bristol in March 2024, down by 35.7% month-over-month. Of the 9 sold homes, 44% were sold under asking, 0% were sold at asking, and 56% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
48 Days | 21 Days | -55.6% |
Summary: Homes in Bristol had an average of 21 days on market in Mar 2024, down by 55.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 9 homes were sold in Bristol; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.