Is College Hill, 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, College Hill has remained a Seller's Market.
Key Takeaway
College Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in College Hill, RI
How much do homes in College Hill, RI cost?
Median Sold Price
$939,900
$446/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in College Hill have sold for 23.8% more than they did a year ago.
Summary: The median home sold price in College Hill was $939,900 in April 2024, up 23.8% from last year, and the median price per square foot was $446.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $354.4K | $360K | +1.6% |
| 2 Bedrooms | $502K | $575K | +14.5% |
| 3 Bedrooms | $820K | $939.9K | +14.6% |
| 4 Bedrooms | $775K | $1.0M | +32.3% |
| 5+ Bedrooms | $1.2M | $1.4M | +10.1% |
Summary: College Hill housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.6%, 2 bedroom homes increased by 14.5%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 32.3%, and 5+ bedroom homes increased by 10.1%.
Median Sold Price Compared To Nearby Neighborhoods
| College Hill | $759K | $939.9K | +23.8% |
| Mount Hope | $399.5K | $465K | +16.4% |
| Fox Point | $601K | $674.9K | +12.3% |
| Wayland | $664.5K | $713K | +7.3% |
Housing Supply in College Hill, RI
How many homes are available in College Hill, RI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 17 | +13.3% |
Summary: The College Hill real estate market had 17 homes for sale in April 2024, a 13.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The College Hill housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in College Hill, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in College Hill in April 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for College Hill, RI
How long does it take to sell a home in College Hill, RI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 51 Days | 27 Days | -45.8% |
Summary: Homes in College Hill had an average of 27 days on market in Apr 2024, down by 45.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in College Hill are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in College Hill; 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.
