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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Burrillville is a seller's market

Buyer's
Market

Difference Since August 2021

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

Key Takeaway

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

How much do homes in Burrillville, RI cost?

Median Sold Price

$365,000

$226/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$44,950(+14.0%)

Key Takeaway

Homes in Burrillville have sold for 14% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $185K$206K
+11.4%
2 $209.9K$242.5K
+15.5%
3 $340K$387.5K
+14.0%
4 $360K$392K
+8.9%
5+ $337.5K$406.2K
+20.4%

Median Sold Price Compared To Nearby Cities

Pascoag
+18.2%
Harrisville
+18.1%
Burrillville
+14.0%

How many homes are available in Burrillville, RI?

Number of Homes For Sale

Jul 2022Aug 2022%
7675-1.3%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 00
0.0%
2 1418
+28.6%
3 4036
-10.0%
4 139
-30.8%
5+ 912
+33.3%

Number of Homes Sold

Jul 2022Aug 2022%
2120-4.8%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Burrillville, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Average Sale Time

Aug 2021Aug 2022%
24 Days17 Days-27.7%

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Burrillville 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.

About Burrillville, RI

Number of homes for sale in Burrillville, RI real estate market have reached 75. The number of homes for sale in Burrillville, RI decreased by 1.3% between July 2022 and August 2022. In August 2022 median list price was $365,000 and the average listing age was 17 days. Between July 2022 and August 2022, listing prices of homes in this real estate market have seen the following changes: the cost of 1 bedroom properties went up by 11.4%, 2 bedrooms properties prices increased by 15.5%, 3 bedrooms properties became 14% more expensive, prices of 4 bedrooms properties increased by 8.9%, prices of 5 bedrooms properties went up by 20.4%. Volume of homes for sale changed: number of 1 bedroom homes remained the same, 2 bedrooms homes became 28.6% more available, 3 bedrooms homes inventory decreased by 10%, number of 4 bedrooms homes decreased by 30.8%, volume of 5 bedrooms homes went up by 33.3%. While more than 10 listings in Burrillville, RI in August 2022 were sold above asking price, there were more than 3 listings sold at asking price, and more than 7 were sold below.

Related Housing Market Reports