Is Tiverton, 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, Tiverton has remained a Seller's Market.
Housing Prices in Tiverton, RI
How much do homes in Tiverton, RI cost?
Median Sold Price
$477,000
$286/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Tiverton was $477,000 in March 2024, up 12.5% from last year, and the median price per square foot was $286.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $222K | $197K | -11.3% |
2 Bedrooms | $320K | $379K | +18.4% |
3 Bedrooms | $423K | $492.5K | +16.4% |
4 Bedrooms | $615K | $694.9K | +13.0% |
5+ Bedrooms | $459K | $552.5K | +20.4% |
Summary: Tiverton housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.3%, 2 bedroom homes increased by 18.4%, 3 bedroom homes increased by 16.4%, 4 bedroom homes increased by 13%, and 5+ bedroom homes increased by 20.4%.
Median Sold Price Compared To Nearby Cities
Westport | $592K | $669.5K | +13.1% |
Tiverton | $424K | $477K | +12.5% |
Somerset | $409K | $450K | +10.0% |
Fall River | $425K | $435.8K | +2.5% |
Housing Supply in Tiverton, RI
How many homes are available in Tiverton, RI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
52 | 54 | +3.8% |
Summary: The Tiverton real estate market had 54 homes for sale in March 2024, a 3.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 5 | +66.7% |
2 Bedrooms | 16 | 17 | +6.3% |
3 Bedrooms | 27 | 23 | -14.8% |
4 Bedrooms | 4 | 5 | +25.0% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Tiverton housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 6.3%, 3 bedroom homes decreased by 14.8%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 12 | -14.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Tiverton in March 2024, down by 14.3% month-over-month. Of the 12 sold homes, 50% were sold under asking, 8% were sold at asking, and 42% were sold over asking.
Days on Market for Tiverton, RI
How long does it take to sell a home in Tiverton, RI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
46 Days | 57 Days | +22.5% |
Summary: Homes in Tiverton had an average of 57 days on market in Mar 2024, up by 22.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 12 homes were sold in Tiverton; 42% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.