$5,461 Closing Credit*
$459,900
1,800 SqFt
3 Beds
•2 Full Baths, 1 Partial
Listing Office: PVD Properties
Is Coventry, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Coventry has remained a Seller's Market.
Key Takeaway
Coventry is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Coventry, RI
How much do homes in Coventry, RI cost?
Median Sold Price
$400,000
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$24,750(+6.6%)
Key Takeaway
Homes in Coventry have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in Coventry was $400,000 in September 2024, up 6.6% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $210K | $237.5K | +13.1% |
| 2 Bedrooms | $249.6K | $230K | -7.9% |
| 3 Bedrooms | $401K | $425K | +6.0% |
| 4 Bedrooms | $560K | $572.5K | +2.2% |
| 5+ Bedrooms | $391K | $460K | +17.6% |
Summary: Coventry housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.1%, 2 bedroom homes decreased by 7.9%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 17.6%.
Median Sold Price Compared To Nearby Cities
| West Greenwich | $497.5K | $592.5K | +19.1% |
| Scituate | $426K | $493.7K | +15.9% |
| West Warwick | $339.9K | $380K | +11.8% |
| Coventry | $375.2K | $400K | +6.6% |
Housing Supply in Coventry, RI
How many homes are available in Coventry, RI?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 143 | 145 | +1.4% |
Summary: The Coventry real estate market had 145 homes for sale in September 2024, a 1.4% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 47 | 51 | +8.5% |
| 3 Bedrooms | 64 | 68 | +6.3% |
| 4 Bedrooms | 26 | 20 | -23.1% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Coventry housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 23.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 56 | 38 | -32.1% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Coventry, you could pay more than the asking price. 47.4% of homes here sold above asking price last month.
Summary: A total of 38 homes were sold or pending in Coventry in September 2024, down by 32.1% month-over-month. Of the 38 sold homes, 39% were sold under asking, 13% were sold at asking, and 47% were sold over asking.
Days on Market for Coventry, RI
How long does it take to sell a home in Coventry, RI?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 24 Days | 26 Days | +7.1% |
Summary: Homes in Coventry had an average of 26 days on market in Sep 2024, up by 7.1% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Coventry are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 38 homes were sold in Coventry; 71% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
