Is Foster, 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, Foster has remained a Seller's Market.
Key Takeaway
Foster is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Foster, RI
How much do homes in Foster, RI cost?
Median Sold Price
$496,000
$245/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Foster have sold for 24% more than they did a year ago.
Summary: The median home sold price in Foster was $496,000 in March 2024, up 24% from last year, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $212.5K | $420K | +97.6% |
| 2 Bedrooms | $310K | $282K | -9.0% |
| 3 Bedrooms | $400K | $516.2K | +29.1% |
| 4 Bedrooms | $575K | $552.5K | -3.9% |
| 5+ Bedrooms | $389.9K | $486.5K | +24.8% |
Summary: Foster housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 97.6%, 2 bedroom homes decreased by 9%, 3 bedroom homes increased by 29.1%, 4 bedroom homes decreased by 3.9%, and 5+ bedroom homes increased by 24.8%.
Median Sold Price Compared To Nearby Cities
| Foster | $400K | $496K | +24.0% |
| Killingly | $280K | $312.2K | +11.5% |
| Glocester | $390K | $428.7K | +9.9% |
| North Scituate | $422.5K | $452K | +7.0% |
Housing Supply in Foster, RI
How many homes are available in Foster, RI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 15 | 12 | -20.0% |
Summary: The Foster real estate market had 12 homes for sale in March 2024, a 20.0% decrease 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 | 1 | 2 | +100.0% |
| 3 Bedrooms | 11 | 7 | -36.4% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Foster 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 100%, 3 bedroom homes decreased by 36.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 6 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Foster, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Foster in March 2024, up by 200.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Foster, RI
How long does it take to sell a home in Foster, RI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 118 Days | 32 Days | -72.6% |
Summary: Homes in Foster had an average of 32 days on market in Mar 2024, down by 72.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Foster are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 6 homes were sold in Foster; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
