$849,900
3.69 Acres
Land
Listing Office: KAM Realty
Is Tiverton, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Tiverton has remained a Seller's Market.
Key Takeaway
Tiverton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tiverton, RI
How much do homes in Tiverton, RI cost?
Median Sold Price
$495,000
$300/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$67,000(+15.7%)
Key Takeaway
Homes in Tiverton have sold for 15.7% more than they did a year ago.
Summary: The median home sold price in Tiverton was $495,000 in September 2024, up 15.7% from last year, and the median price per square foot was $300.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180.5K | $280K | +55.1% |
| 2 Bedrooms | $360K | $420K | +16.7% |
| 3 Bedrooms | $435K | $510K | +17.2% |
| 4 Bedrooms | $674.9K | $794.3K | +17.7% |
| 5+ Bedrooms | $525K | $580K | +10.5% |
Summary: Tiverton housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 55.1%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 17.2%, 4 bedroom homes increased by 17.7%, and 5+ bedroom homes increased by 10.5%.
Median Sold Price Compared To Nearby Cities
| Tiverton | $428K | $495K | +15.7% |
| Fall River | $415.1K | $467.9K | +12.7% |
| Westport | $629.7K | $677.5K | +7.6% |
| Somerset | $435K | $465K | +6.9% |
| Little Compton | $941.2K | $926.7K | -1.5% |
Housing Supply in Tiverton, RI
How many homes are available in Tiverton, RI?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 85 | 96 | +12.9% |
Summary: The Tiverton real estate market had 96 homes for sale in September 2024, a 12.9% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 29 | 30 | +3.4% |
| 3 Bedrooms | 37 | 47 | +27.0% |
| 4 Bedrooms | 15 | 16 | +6.7% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Tiverton housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 27%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 16 | 17 | +6.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tiverton, you may be able to get a good deal. 35.3% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Tiverton in September 2024, up by 6.3% month-over-month. Of the 17 sold homes, 35% were sold under asking, 29% were sold at asking, and 35% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 35 Days | 76 Days | +115.0% |
Summary: Homes in Tiverton had an average of 76 days on market in Sep 2024, up by 115% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Tiverton has remained consistent over time.
Summary: During September 2024, 17 homes were sold in Tiverton; 35% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
