Is Kingston, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Kingston has remained a Seller's Market.
Key Takeaway
Kingston is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kingston, RI
How much do homes in Kingston, RI cost?
Median Sold Price
$608,555
$327/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Kingston have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in Kingston was $608,555 in April 2024, up 4.7% from last year, and the median price per square foot was $327.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $335K | N/A |
| 2 Bedrooms | $260K | $393K | +51.2% |
| 3 Bedrooms | $567.5K | $609.2K | +7.4% |
| 4 Bedrooms | $679.9K | $597.5K | -12.1% |
| 5+ Bedrooms | $581K | $930K | +60.1% |
Summary: Kingston housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 51.2%, 3 bedroom homes increased by 7.4%, 4 bedroom homes decreased by 12.1%, and 5+ bedroom homes increased by 60.1%.
Median Sold Price Compared To Nearby Cities
| West Kingston | $492.4K | $546K | +10.9% |
| Kingston | $581K | $608.5K | +4.7% |
| Saunderstown | $760K | $790K | +3.9% |
| South Kingstown | $582.1K | $587.8K | +1.0% |
| Wakefield | $582.8K | $582K | -0.2% |
Housing Supply in Kingston, RI
How many homes are available in Kingston, RI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Summary: The Kingston real estate market had 8 homes for sale in April 2024, a 33.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 1 | 2 | +100.0% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Kingston housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kingston, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Kingston in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Kingston, RI
How long does it take to sell a home in Kingston, RI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 4 Days | 11 Days | +175.0% |
Summary: Homes in Kingston had an average of 11 days on market in Apr 2024, up by 175% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kingston are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in Kingston; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
