Is Cumberland, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2022
Since last year, Cumberland has remained a Seller's Market.
How much do homes in Cumberland, RI cost?
Median Sold Price
$425,200
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2022
Median Sold Price By Bedroom Count
# BEDS | May 2022 | May 2023 | % |
---|---|---|---|
1 Bedroom | $165K | $154K | -6.7% |
2 Bedrooms | $315K | $330K | +4.8% |
3 Bedrooms | $405K | $428.7K | +5.9% |
4 Bedrooms | $501.5K | $636.5K | +26.9% |
5+ Bedrooms | $416.5K | $465K | +11.6% |
Median Sold Price Compared To Nearby Cities
Central Falls | $350K | $380K | +8.6% |
Cumberland | $400K | $425.2K | +6.3% |
Lincoln | $425K | $426.5K | 0.4% |
Manville | $378.5K | $320K | -15.5% |
How many homes are available in Cumberland, RI?
Number of Homes For Sale
Apr 2023 | May 2023 | % |
---|---|---|
96 | 98 | +2.1% |
Homes For Sale By Bedroom Count
# BEDS | Apr 2023 | May 2023 | % |
---|---|---|---|
1 Bedroom | 6 | 6 | 0.0% |
2 Bedrooms | 20 | 18 | -10.0% |
3 Bedrooms | 43 | 46 | +7.0% |
4 Bedrooms | 24 | 24 | 0.0% |
5+ Bedrooms | 3 | 4 | +33.3% |
Number of Homes Sold
Apr 2023 | May 2023 | % |
---|---|---|
22 | 30 | +36.4% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
How long does it take to sell a home in Cumberland, RI?
How long does it take to sell a home in Cumberland, RI?
Average Sale Time
May 2022 | May 2023 | % |
---|---|---|
19 Days | 19 Days | -0.3% |
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days