Is Scituate, RI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Scituate is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Scituate has remained a Seller's Market.

Key Takeaway

Scituate is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Scituate, RI

How much do homes in Scituate, RI cost?

Median Sold Price

$537,000

$255/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$113,000(+26.7%)

Key Takeaway

Homes in Scituate have sold for 26.7% more than they did a year ago.

Summary: The median home sold price in Scituate was $537,000 in November 2024, up 26.7% from last year, and the median price per square foot was $255.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $195K-
N/A
2 $389K$430K
+10.5%
3 $439K$575K
+31.0%
4 $460K$600K
+30.4%
5+ $500K$508.5K
+1.7%

Summary: Scituate housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 31%, 4 bedroom homes increased by 30.4%, and 5+ bedroom homes increased by 1.7%.

Median Sold Price Compared To Nearby Cities

North Scituate
+35.3%
Scituate
+26.7%
Johnston
+9.0%
Coventry
+7.0%

Housing Supply in Scituate, RI

How many homes are available in Scituate, RI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4445+2.3%

Summary: The Scituate real estate market had 45 homes for sale in November 2024, a 2.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 55
0.0%
3 2625
-3.8%
4 1011
+10.0%
5+ 23
+50.0%

Summary: The Scituate housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
710+42.9%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Scituate, 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 Scituate in November 2024, up by 42.9% 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 Scituate, RI

How long does it take to sell a home in Scituate, RI?

Average Sale Time

Nov 2023Nov 2024CHANGE
45 Days54 Days+20.2%

Summary: Homes in Scituate had an average of 54 days on market in Nov 2024, up by 20.2% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Scituate has remained consistent over time.

Summary: During November 2024, 10 homes were sold in Scituate; 30% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 10 Days Ago

Newest Listings in Scituate, RI

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