Is 02920, 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, 02920 has remained a Seller's Market.
Key Takeaway
02920 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 02920, RI
How much do homes in 02920, RI cost?
Median Sold Price
$406,333
$249/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 02920 have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in 02920 was $406,333 in April 2024, up 7.3% from last year, and the median price per square foot was $249.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $176K | $213.5K | +21.3% |
| 2 Bedrooms | $325K | $344K | +5.8% |
| 3 Bedrooms | $380K | $420K | +10.5% |
| 4 Bedrooms | $415K | $473.5K | +14.1% |
| 5+ Bedrooms | $425.5K | $492.5K | +15.7% |
Summary: 02920 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.3%, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 14.1%, and 5+ bedroom homes increased by 15.7%.
Housing Supply in 02920, RI
How many homes are available in 02920, RI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 79 | 97 | +22.8% |
Summary: The 02920 real estate market had 97 homes for sale in April 2024, a 22.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 17 | 23 | +35.3% |
| 3 Bedrooms | 42 | 46 | +9.5% |
| 4 Bedrooms | 11 | 16 | +45.5% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The 02920 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 35.3%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 45.5%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 21 | 35 | +66.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02920, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.
Summary: A total of 35 homes were sold or pending in 02920 in April 2024, up by 66.7% month-over-month. Of the 35 sold homes, 23% were sold under asking, 6% were sold at asking, and 71% were sold over asking.
Days on Market for 02920, RI
How long does it take to sell a home in 02920, RI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 30 Days | 23 Days | -23.1% |
Summary: Homes in 02920 had an average of 23 days on market in Apr 2024, down by 23.1% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 02920 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 35 homes were sold in 02920; 74% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
