Is North Providence, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, North Providence has remained a Seller's Market.
Housing Prices in North Providence, RI
How much do homes in North Providence, RI cost?
Median Sold Price
$370,000
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in North Providence was $370,000 in February 2024, up 11.1% from last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $150K | $167.5K | +11.7% |
2 Bedrooms | $257.5K | $310K | +20.4% |
3 Bedrooms | $360K | $387K | +7.5% |
4 Bedrooms | $390K | $440K | +12.8% |
5+ Bedrooms | $430K | $499K | +16.0% |
Summary: North Providence housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.7%, 2 bedroom homes increased by 20.4%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes increased by 16%.
Median Sold Price Compared To Nearby Cities
North Providence | $332.9K | $370K | +11.1% |
Providence | $389.4K | $430K | +10.4% |
Johnston | $370K | $395K | +6.8% |
Pawtucket | $353.4K | $375K | +6.1% |
Smithfield | $405K | $420K | +3.7% |
Housing Supply in North Providence, RI
How many homes are available in North Providence, RI?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
79 | 89 | +12.7% |
Summary: The North Providence real estate market had 89 homes for sale in February 2024, a 12.7% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 12 | 14 | +16.7% |
2 Bedrooms | 27 | 31 | +14.8% |
3 Bedrooms | 28 | 27 | -3.6% |
4 Bedrooms | 6 | 11 | +83.3% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The North Providence housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 14.8%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes increased by 83.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
22 | 26 | +18.2% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in North Providence in February 2024, up by 18.2% month-over-month. Of the 26 sold homes, 38% were sold under asking, 8% were sold at asking, and 54% were sold over asking.
Days on Market for North Providence, RI
How long does it take to sell a home in North Providence, RI?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
37 Days | 35 Days | -6.1% |
Summary: Homes in North Providence had an average of 35 days on market in Feb 2024, down by 6.1% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 26 homes were sold in North Providence; 54% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.