$7,124 Closing Credit*
$599,900
2,132 SqFt
3 Beds
•2 Full Baths
Listing Office: Coldwell Banker Coastal Homes
Is Saunderstown, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, Saunderstown has remained a Seller's Market.
Key Takeaway
Saunderstown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Saunderstown, RI
How much do homes in Saunderstown, RI cost?
Median Sold Price
$835,000
$338/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
-$19,450(-2.3%)
Key Takeaway
Homes in Saunderstown have sold for 2.3% less than they did a year ago.
Summary: The median home sold price in Saunderstown was $835,000 in August 2024, down 2.3% from last year, and the median price per square foot was $338.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $302.5K | $375K | +24.0% |
| 2 Bedrooms | $550K | $493.7K | -10.2% |
| 3 Bedrooms | $680K | $674.9K | -0.8% |
| 4 Bedrooms | $900K | $995K | +10.6% |
| 5+ Bedrooms | $1.3M | $912.5K | -34.6% |
Summary: Saunderstown housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24%, 2 bedroom homes decreased by 10.2%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes decreased by 34.6%.
Median Sold Price Compared To Nearby Cities
| Narragansett | $744.2K | $812.5K | +9.2% |
| North Kingstown | $560.5K | $610.2K | +8.9% |
| Wakefield | $600K | $635K | +5.8% |
| South Kingstown | $607.4K | $633K | +4.2% |
| Saunderstown | $854.4K | $835K | -2.3% |
Housing Supply in Saunderstown, RI
How many homes are available in Saunderstown, RI?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 31 | 27 | -12.9% |
Summary: The Saunderstown real estate market had 27 homes for sale in August 2024, a 12.9% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 8 | 10 | +25.0% |
| 4 Bedrooms | 13 | 9 | -30.8% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Saunderstown housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 30.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 6 | 10 | +66.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Saunderstown, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Saunderstown in August 2024, up by 66.7% month-over-month. Of the 10 sold homes, 50% were sold under asking, 20% were sold at asking, and 30% were sold over asking.
Days on Market for Saunderstown, RI
How long does it take to sell a home in Saunderstown, RI?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 45 Days | 38 Days | -14.4% |
Summary: Homes in Saunderstown had an average of 38 days on market in Aug 2024, down by 14.4% compared to last year.
Breakdown of Home Sale Times
3 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 Saunderstown has remained consistent over time.
Summary: During August 2024, 10 homes were sold in Saunderstown; 30% of homes were sold within 30 days, 70% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
