Is Rumford, 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, Rumford has remained a Seller's Market.
Housing Prices in Rumford, RI
How much do homes in Rumford, RI cost?
Median Sold Price
$447,000
$265/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Rumford was $447,000 in March 2024, up 3.1% from last year, and the median price per square foot was $265.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $312.5K | $357.5K | +14.4% |
3 Bedrooms | $425K | $449.5K | +5.8% |
4 Bedrooms | $497.5K | $468.5K | -5.8% |
5+ Bedrooms | $530.5K | $470K | -11.4% |
Summary: Rumford 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 14.4%, 3 bedroom homes increased by 5.8%, 4 bedroom homes decreased by 5.8%, and 5+ bedroom homes decreased by 11.4%.
Median Sold Price Compared To Nearby Cities
East Providence | $379K | $407K | +7.4% |
Pawtucket | $355K | $376.3K | +6.0% |
Seekonk | $494K | $520K | +5.3% |
Rumford | $433.5K | $447K | +3.1% |
Housing Supply in Rumford, RI
How many homes are available in Rumford, RI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 17 | +54.5% |
Summary: The Rumford real estate market had 17 homes for sale in March 2024, a 54.5% increase 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 | 1 | 3 | +200.0% |
3 Bedrooms | 6 | 8 | +33.3% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Rumford 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 increased by 200%, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 7 | +75.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Rumford in March 2024, up by 75.0% month-over-month. Of the 7 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Rumford, RI
How long does it take to sell a home in Rumford, RI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
40 Days | 8 Days | -80.4% |
Summary: Homes in Rumford had an average of 8 days on market in Mar 2024, down by 80.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 7 homes were sold in Rumford; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.