Is North Providence, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
Since last year, North Providence has remained a Seller's Market.
Key Takeaway
North Providence is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Providence, RI
How much do homes in North Providence, RI cost?
Median Sold Price
$360,100
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in North Providence have sold for 9.4% more than they did a year ago.
Summary: The median home sold price in North Providence was $360,100 in November 2023, up 9.4% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $147.5K | $165K | +11.9% |
| 2 Bedrooms | $251K | $285K | +13.5% |
| 3 Bedrooms | $360K | $375K | +4.2% |
| 4 Bedrooms | $390K | $430K | +10.3% |
| 5+ Bedrooms | $450K | $445K | -1.1% |
Summary: North Providence housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 11.9%, 2 bedroom homes increased by 13.5%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes decreased by 1.1%.
Median Sold Price Compared To Nearby Cities
| Providence | $377.9K | $425K | +12.4% |
| Johnston | $359.1K | $394.7K | +9.9% |
| North Providence | $329.1K | $360.1K | +9.4% |
| Pawtucket | $345.2K | $370K | +7.2% |
| Smithfield | $402.3K | $420K | +4.4% |
Housing Supply in North Providence, RI
How many homes are available in North Providence, RI?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 115 | 98 | -14.8% |
Summary: The North Providence real estate market had 98 homes for sale in November 2023, a 14.8% decrease compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 10 | +42.9% |
| 2 Bedrooms | 37 | 31 | -16.2% |
| 3 Bedrooms | 47 | 33 | -29.8% |
| 4 Bedrooms | 15 | 13 | -13.3% |
| 5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The North Providence housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 42.9%, 2 bedroom homes decreased by 16.2%, 3 bedroom homes decreased by 29.8%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 34 | 29 | -14.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Providence, you could pay more than the asking price. 58.6% of homes here sold above asking price last month.
Summary: A total of 29 homes were sold or pending in North Providence in November 2023, down by 14.7% month-over-month. Of the 29 sold homes, 24% were sold under asking, 17% were sold at asking, and 59% 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
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 27 Days | 22 Days | -18.1% |
Summary: Homes in North Providence had an average of 22 days on market in Nov 2023, down by 18.1% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in North Providence are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 29 homes were sold in North Providence; 66% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
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