Is Exeter, 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, Exeter has remained a Seller's Market.
Key Takeaway
Exeter is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Exeter, RI
How much do homes in Exeter, RI cost?
Median Sold Price
$490,000
$269/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Exeter have sold for 9.1% less than they did a year ago.
Summary: The median home sold price in Exeter was $490,000 in March 2024, down 9.1% from last year, and the median price per square foot was $269.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $261.2K | $327.5K | +25.4% |
| 2 Bedrooms | $500K | $434.7K | -13.1% |
| 3 Bedrooms | $544.4K | $498K | -8.5% |
| 4 Bedrooms | $700K | $628.4K | -10.2% |
| 5+ Bedrooms | - | - | N/A |
Summary: Exeter housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.4%, 2 bedroom homes decreased by 13.1%, 3 bedroom homes decreased by 8.5%, 4 bedroom homes decreased by 10.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| West Kingston | $485K | $535.5K | +10.4% |
| West Greenwich | $500K | $550K | +10.0% |
| Richmond | $425K | $426.2K | 0.3% |
| Exeter | $539K | $490K | -9.1% |
Housing Supply in Exeter, RI
How many homes are available in Exeter, RI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 5 | -54.5% |
Summary: The Exeter real estate market had 5 homes for sale in March 2024, a 54.5% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 0 | -100.0% |
| 3 Bedrooms | 6 | 3 | -50.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Exeter 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 decreased by 100%, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Exeter, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Exeter in March 2024, down by 40.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Exeter, RI
How long does it take to sell a home in Exeter, RI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 64 Days | 28 Days | -56.5% |
Summary: Homes in Exeter had an average of 28 days on market in Mar 2024, down by 56.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Exeter has remained consistent over time.
Summary: During March 2024, 3 homes were sold in Exeter; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
