Is Woonsocket, 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, Woonsocket has remained a Seller's Market.
Key Takeaway
Woonsocket is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Woonsocket, RI
How much do homes in Woonsocket, RI cost?
Median Sold Price
$375,375
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Woonsocket have sold for 12.1% more than they did a year ago.
Summary: The median home sold price in Woonsocket was $375,375 in March 2024, up 12.1% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $187.5K | $235K | +25.3% |
| 2 Bedrooms | $247.9K | $280K | +12.9% |
| 3 Bedrooms | $330K | $356.5K | +8.0% |
| 4 Bedrooms | $340K | $400K | +17.6% |
| 5+ Bedrooms | $412.5K | $480K | +16.4% |
Summary: Woonsocket housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.3%, 2 bedroom homes increased by 12.9%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 16.4%.
Median Sold Price Compared To Nearby Cities
| Woonsocket | $335K | $375.3K | +12.1% |
| Bellingham | $435K | $479.5K | +10.2% |
| Cumberland | $424.6K | $460K | +8.3% |
| North Smithfield | $432.2K | $435K | +0.6% |
| Blackstone | $418.4K | $416K | -0.6% |
Housing Supply in Woonsocket, RI
How many homes are available in Woonsocket, RI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 85 | 80 | -5.9% |
Summary: The Woonsocket real estate market had 80 homes for sale in March 2024, a 5.9% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 15 | 17 | +13.3% |
| 3 Bedrooms | 24 | 19 | -20.8% |
| 4 Bedrooms | 18 | 17 | -5.6% |
| 5+ Bedrooms | 25 | 25 | 0.0% |
Summary: The Woonsocket housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 13.3%, 3 bedroom homes decreased by 20.8%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 25 | 25 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Woonsocket, you could pay more than the asking price. 68% of homes here sold above asking price last month.
Summary: A total of 25 homes were sold or pending in Woonsocket in March 2024, the same as the previous month. Of the 25 sold homes, 20% were sold under asking, 12% were sold at asking, and 68% were sold over asking.
Days on Market for Woonsocket, RI
How long does it take to sell a home in Woonsocket, RI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 16 Days | 25 Days | +58.0% |
Summary: Homes in Woonsocket had an average of 25 days on market in Mar 2024, up by 58% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Woonsocket are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 25 homes were sold in Woonsocket; 76% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
