Is North Kingstown, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2022
Since last year, North Kingstown has remained a Seller's Market.
Key Takeaway
North Kingstown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
How much do homes in North Kingstown, RI cost?
Median Sold Price
$569,316
$277/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2022
+$97,794(+20.7%)
Key Takeaway
Homes in North Kingstown have sold for 20.7% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Feb 2022 | Feb 2023 | % |
|---|---|---|---|
| 1 Bedroom | $246K | $264K | +7.3% |
| 2 Bedrooms | $314K | $415K | +32.2% |
| 3 Bedrooms | $451K | $517.2K | +14.7% |
| 4 Bedrooms | $682.5K | $780K | +14.3% |
| 5+ Bedrooms | $700K | $710K | +1.4% |
Median Sold Price Compared To Nearby Cities
| North Kingstown | $471.5K | $569.3K | +20.7% |
| South Kingstown | $508.8K | $582.5K | +14.5% |
| Warwick | $310.1K | $342.1K | +10.3% |
| Saunderstown | $707K | $760K | +7.5% |
| East Greenwich | $610K | $602K | -1.3% |
How many homes are available in North Kingstown, RI?
Number of Homes For Sale
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 52 | 47 | -9.6% |
Homes For Sale By Bedroom Count
| # BEDS | Jan 2023 | Feb 2023 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 17 | 9 | -47.1% |
| 3 Bedrooms | 24 | 24 | 0.0% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Number of Homes Sold
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 18 | 12 | -33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Kingstown, expect to pay close to the asking price. 41.7% of homes here sold near the asking price last month.
Average Sale Time
| Feb 2022 | Feb 2023 | % |
|---|---|---|
| 29 Days | 38 Days | +29.8% |
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in North Kingstown has remained consistent over time.
