Is Glocester, 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, Glocester has remained a Seller's Market.
Key Takeaway
Glocester is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Glocester, RI
How much do homes in Glocester, RI cost?
Median Sold Price
$428,750
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Glocester have sold for 9.9% more than they did a year ago.
Summary: The median home sold price in Glocester was $428,750 in March 2024, up 9.9% from last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | $218.5K | -2.9% |
| 2 Bedrooms | $313.5K | $335K | +6.9% |
| 3 Bedrooms | $450K | $445K | -1.1% |
| 4 Bedrooms | $480K | $483.7K | +0.8% |
| 5+ Bedrooms | $285K | $509K | +78.6% |
Summary: Glocester housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.9%, 2 bedroom homes increased by 6.9%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes increased by 78.6%.
Median Sold Price Compared To Nearby Cities
| Glocester | $390K | $428.7K | +9.9% |
| North Scituate | $422.5K | $452K | +7.0% |
| Chepachet | $385K | $399.9K | +3.9% |
| Pascoag | $385K | $400K | +3.9% |
Housing Supply in Glocester, RI
How many homes are available in Glocester, RI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 31 | 30 | -3.2% |
Summary: The Glocester real estate market had 30 homes for sale in March 2024, a 3.2% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 14 | 16 | +14.3% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 5 | 2 | -60.0% |
Summary: The Glocester housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes decreased by 60%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 11 | +37.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Glocester, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Glocester in March 2024, up by 37.5% month-over-month. Of the 11 sold homes, 18% were sold under asking, 27% were sold at asking, and 55% were sold over asking.
Days on Market for Glocester, RI
How long does it take to sell a home in Glocester, RI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 63 Days | 24 Days | -61.3% |
Summary: Homes in Glocester had an average of 24 days on market in Mar 2024, down by 61.3% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Glocester are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 11 homes were sold in Glocester; 73% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
