Is Jamestown, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Jamestown was a Seller's Market.
Key Takeaway
Jamestown is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Jamestown, RI
How much do homes in Jamestown, RI cost?
Median Sold Price
$1,015,000
$573/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Jamestown have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in Jamestown was $1,015,000 in March 2024, up 6.8% from last year, and the median price per square foot was $573.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $385K | $722.5K | +87.7% |
| 2 Bedrooms | $658.6K | $796.6K | +20.9% |
| 3 Bedrooms | $950K | $1.1M | +15.8% |
| 4 Bedrooms | $1.3M | $1.6M | +23.3% |
| 5+ Bedrooms | $3.6M | $2.8M | -21.9% |
Summary: Jamestown housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 87.7%, 2 bedroom homes increased by 20.9%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 23.3%, and 5+ bedroom homes decreased by 21.9%.
Median Sold Price Compared To Nearby Cities
| Jamestown | $950K | $1.0M | +6.8% |
| Newport | $791K | $820K | +3.7% |
| Middletown | $687.5K | $695K | +1.1% |
Housing Supply in Jamestown, RI
How many homes are available in Jamestown, RI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 19 | +35.7% |
Summary: The Jamestown real estate market had 19 homes for sale in March 2024, a 35.7% increase 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 | 4 | 5 | +25.0% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Jamestown 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 25%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jamestown, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Jamestown in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Jamestown, RI
How long does it take to sell a home in Jamestown, RI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 116 Days | 32 Days | -72.2% |
Summary: Homes in Jamestown had an average of 32 days on market in Mar 2024, down by 72.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Jamestown are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in Jamestown; 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.
