Is Burrillville, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
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.
Housing Prices in Burrillville, RI
How much do homes in Burrillville, RI cost?
Median Sold Price
$400,000
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Burrillville have sold for 5.5% more than they did a year ago.
Summary: The median home sold price in Burrillville was $400,000 in April 2024, up 5.5% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $262.5K | $199K | -24.2% |
| 2 Bedrooms | $270K | $293K | +8.5% |
| 3 Bedrooms | $405K | $420K | +3.7% |
| 4 Bedrooms | $375K | $433.7K | +15.7% |
| 5+ Bedrooms | $410K | $460K | +12.2% |
Summary: Burrillville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.2%, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 15.7%, and 5+ bedroom homes increased by 12.2%.
Median Sold Price Compared To Nearby Cities
| Pascoag | $380.5K | $410K | +7.8% |
| Burrillville | $379K | $400K | +5.5% |
| Harrisville | $405K | $394K | -2.7% |
Housing Supply in Burrillville, RI
How many homes are available in Burrillville, RI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 51 | 53 | +3.9% |
Summary: The Burrillville real estate market had 53 homes for sale in April 2024, a 3.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 16 | 13 | -18.8% |
| 3 Bedrooms | 19 | 23 | +21.1% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Burrillville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 18.8%, 3 bedroom homes increased by 21.1%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 23 | +187.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Burrillville, you could pay more than the asking price. 47.8% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in Burrillville in April 2024, up by 187.5% month-over-month. Of the 23 sold homes, 26% were sold under asking, 26% were sold at asking, and 48% were sold over asking.
Days on Market for Burrillville, RI
How long does it take to sell a home in Burrillville, RI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 32 Days | 35 Days | +10.2% |
Summary: Homes in Burrillville had an average of 35 days on market in Apr 2024, up by 10.2% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Burrillville are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 23 homes were sold in Burrillville; 74% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
