Is West Kingston, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, West Kingston has remained a Seller's Market.
Key Takeaway
West Kingston is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Kingston, RI
How much do homes in West Kingston, RI cost?
Median Sold Price
$546,000
$270/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in West Kingston have sold for 10.9% more than they did a year ago.
Summary: The median home sold price in West Kingston was $546,000 in April 2024, up 10.9% from last year, and the median price per square foot was $270.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $162.5K | $150K | -7.7% |
| 3 Bedrooms | $500K | $529.2K | +5.9% |
| 4 Bedrooms | $580K | $649.5K | +12.0% |
| 5+ Bedrooms | $632.5K | $645K | +2.0% |
Summary: West Kingston housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.7%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 12%, and 5+ bedroom homes increased by 2%.
Median Sold Price Compared To Nearby Cities
| West Kingston | $492.4K | $546K | +10.9% |
| South Kingstown | $582.1K | $587.8K | +1.0% |
Housing Supply in West Kingston, RI
How many homes are available in West Kingston, RI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 | 15 | +7.1% |
Summary: The West Kingston real estate market had 15 homes for sale in April 2024, a 7.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 5 | 8 | +60.0% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The West Kingston housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 60%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Kingston, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in West Kingston in April 2024, up by 50.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for West Kingston, RI
How long does it take to sell a home in West Kingston, RI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 66 Days | 21 Days | -67.7% |
Summary: Homes in West Kingston had an average of 21 days on market in Apr 2024, down by 67.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Kingston are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 6 homes were sold in West Kingston; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
