Is South Kingstown, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2021
Since last year, South Kingstown has remained a Seller's Market.
Key Takeaway
South Kingstown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
How much do homes in South Kingstown, RI cost?
Median Sold Price
$581,166
$319/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2021
+$85,519(+17.3%)
Key Takeaway
Homes in South Kingstown have sold for 17.3% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Dec 2021 | Dec 2022 | % |
|---|---|---|---|
| 1 Bedroom | $380K | $269K | -29.2% |
| 2 Bedrooms | $425K | $505K | +18.8% |
| 3 Bedrooms | $499K | $600K | +20.2% |
| 4 Bedrooms | $587.5K | $679.9K | +15.7% |
| 5+ Bedrooms | $549.9K | $581K | +5.7% |
How many homes are available in South Kingstown, RI?
Number of Homes For Sale
| Nov 2022 | Dec 2022 | % |
|---|---|---|
| 83 | 66 | -20.5% |
Homes For Sale By Bedroom Count
| # BEDS | Nov 2022 | Dec 2022 | % |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 28 | 20 | -28.6% |
| 3 Bedrooms | 32 | 30 | -6.3% |
| 4 Bedrooms | 21 | 14 | -33.3% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Number of Homes Sold
| Nov 2022 | Dec 2022 | % |
|---|---|---|
| 29 | 17 | -41.4% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Kingstown, you may be able to get a good deal. 58.8% of homes here sold below asking price last month.
Average Sale Time
| Dec 2021 | Dec 2022 | % |
|---|---|---|
| 48 Days | 34 Days | -29.5% |
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Kingstown are selling fast, if you're buying plan to act quickly.
