Is Greenville, 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, Greenville has remained a Seller's Market.
Key Takeaway
Greenville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Greenville, RI
How much do homes in Greenville, RI cost?
Median Sold Price
$387,550
$258/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Greenville have sold for 2.5% more than they did a year ago.
Summary: The median home sold price in Greenville was $387,550 in March 2024, up 2.5% from last year, and the median price per square foot was $258.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190K | $165K | -13.2% |
| 2 Bedrooms | $324.9K | $333.5K | +2.6% |
| 3 Bedrooms | $412.5K | $469.8K | +13.9% |
| 4 Bedrooms | $530K | $545K | +2.8% |
| 5+ Bedrooms | $437.5K | $716.5K | +63.8% |
Summary: Greenville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.2%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 13.9%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 63.8%.
Median Sold Price Compared To Nearby Cities
| Glocester | $390K | $428.7K | +9.9% |
| Johnston | $375K | $399.9K | +6.6% |
| Chepachet | $385K | $399.9K | +3.9% |
| Smithfield | $409K | $422.5K | +3.3% |
| Greenville | $378K | $387.5K | +2.5% |
Housing Supply in Greenville, RI
How many homes are available in Greenville, RI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 15 | 19 | +26.7% |
Summary: The Greenville real estate market had 19 homes for sale in March 2024, a 26.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 7 | 14 | +100.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Greenville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 8 | +166.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Greenville, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Greenville in March 2024, up by 166.7% month-over-month. Of the 8 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for Greenville, RI
How long does it take to sell a home in Greenville, RI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 82 Days | 22 Days | -73.1% |
Summary: Homes in Greenville had an average of 22 days on market in Mar 2024, down by 73.1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Greenville are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 8 homes were sold in Greenville; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
