Is Manville, 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, Manville has remained a Seller's Market.
Key Takeaway
Manville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Manville, RI
How much do homes in Manville, RI cost?
Median Sold Price
$408,000
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Manville have sold for 41.9% more than they did a year ago.
Summary: The median home sold price in Manville was $408,000 in March 2024, up 41.9% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $198K | - | N/A |
| 2 Bedrooms | $210K | $243K | +15.7% |
| 3 Bedrooms | $332.5K | $400K | +20.3% |
| 4 Bedrooms | $437.5K | $450K | +2.9% |
| 5+ Bedrooms | $350K | $490K | +40.0% |
Summary: Manville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.7%, 3 bedroom homes increased by 20.3%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 40%.
Median Sold Price Compared To Nearby Cities
| Manville | $287.5K | $408K | +41.9% |
| Lincoln | $425K | $465.5K | +9.5% |
| Cumberland | $424.6K | $460K | +8.3% |
| North Smithfield | $432.2K | $435K | +0.6% |
Housing Supply in Manville, RI
How many homes are available in Manville, RI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 10 | -23.1% |
Summary: The Manville real estate market had 10 homes for sale in March 2024, a 23.1% 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 | 3 | 2 | -33.3% |
| 3 Bedrooms | 3 | 2 | -33.3% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Manville 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 decreased by 33.3%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 2 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Manville, 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 Manville in March 2024, down by 66.7% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Manville, RI
How long does it take to sell a home in Manville, RI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 61 Days | 32 Days | -47.2% |
Summary: Homes in Manville had an average of 32 days on market in Mar 2024, down by 47.2% 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 Manville are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in Manville; 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.
