Is Pawtucket, 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, Pawtucket has remained a Seller's Market.
Housing Prices in Pawtucket, RI
How much do homes in Pawtucket, RI cost?
Median Sold Price
$376,386
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Pawtucket was $376,386 in March 2024, up 6% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $185K | $170K | -8.1% |
2 Bedrooms | $281K | $310K | +10.3% |
3 Bedrooms | $335K | $360K | +7.5% |
4 Bedrooms | $370K | $388K | +4.9% |
5+ Bedrooms | $445K | $500K | +12.4% |
Summary: Pawtucket housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.1%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 12.4%.
Housing Supply in Pawtucket, RI
How many homes are available in Pawtucket, RI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
130 | 138 | +6.2% |
Summary: The Pawtucket real estate market had 138 homes for sale in March 2024, a 6.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 29 | 26 | -10.3% |
3 Bedrooms | 36 | 45 | +25.0% |
4 Bedrooms | 22 | 18 | -18.2% |
5+ Bedrooms | 41 | 46 | +12.2% |
Summary: The Pawtucket housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 10.3%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 12.2%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
28 | 42 | +50.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
34 Homes Were Sold
Over Asking
Summary: A total of 42 homes were sold or pending in Pawtucket in March 2024, up by 50.0% month-over-month. Of the 42 sold homes, 17% were sold under asking, 2% were sold at asking, and 81% were sold over asking.
Days on Market for Pawtucket, RI
How long does it take to sell a home in Pawtucket, RI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
27 Days | 27 Days | +1.3% |
Summary: Homes in Pawtucket had an average of 27 days on market in Mar 2024, up by 1.3% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 42 homes were sold in Pawtucket; 62% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.