Is Coventry, 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, Coventry has remained a Seller's Market.
Housing Prices in Coventry, RI
How much do homes in Coventry, RI cost?
Median Sold Price
$382,166
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Coventry was $382,166 in March 2024, up 9.3% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $227.5K | $217.5K | -4.4% |
2 Bedrooms | $241K | $225K | -6.6% |
3 Bedrooms | $380.5K | $406K | +6.7% |
4 Bedrooms | $435K | $535K | +23.0% |
5+ Bedrooms | $380K | $427.5K | +12.5% |
Summary: Coventry housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.4%, 2 bedroom homes decreased by 6.6%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 23%, and 5+ bedroom homes increased by 12.5%.
Median Sold Price Compared To Nearby Cities
West Greenwich | $500K | $550K | +10.0% |
Coventry | $349.6K | $382.1K | +9.3% |
West Warwick | $330K | $350K | +6.1% |
Scituate | $422.5K | $432.5K | +2.4% |
Housing Supply in Coventry, RI
How many homes are available in Coventry, RI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
98 | 99 | +1.0% |
Summary: The Coventry real estate market had 99 homes for sale in March 2024, a 1.0% increase 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 | 33 | 39 | +18.2% |
3 Bedrooms | 52 | 47 | -9.6% |
4 Bedrooms | 12 | 10 | -16.7% |
5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Coventry 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 increased by 18.2%, 3 bedroom homes decreased by 9.6%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
29 | 28 | -3.4% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in Coventry in March 2024, down by 3.4% month-over-month. Of the 28 sold homes, 39% were sold under asking, 4% were sold at asking, and 57% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
28 Days | 36 Days | +27.0% |
Summary: Homes in Coventry had an average of 36 days on market in Mar 2024, up by 27% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 28 homes were sold in Coventry; 57% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.