Is Bristol, 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, Bristol has remained a Seller's Market.
Housing Prices in Bristol, RI
How much do homes in Bristol, RI cost?
Median Sold Price
$631,250
$336/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Bristol was $631,250 in April 2024, up 26.3% from last year, and the median price per square foot was $336.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $355K | $598.2K | +68.5% |
2 Bedrooms | $405K | $444.5K | +9.8% |
3 Bedrooms | $510K | $639.6K | +25.4% |
4 Bedrooms | $526.2K | $644.5K | +22.5% |
5+ Bedrooms | $539.5K | $801.5K | +48.6% |
Summary: Bristol housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 68.5%, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 25.4%, 4 bedroom homes increased by 22.5%, and 5+ bedroom homes increased by 48.6%.
Median Sold Price Compared To Nearby Cities
Bristol | $500K | $631.2K | +26.3% |
Warren | $457.5K | $475K | +3.8% |
Housing Supply in Bristol, RI
How many homes are available in Bristol, RI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
35 | 54 | +54.3% |
Summary: The Bristol real estate market had 54 homes for sale in April 2024, a 54.3% 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 | 8 | 12 | +50.0% |
3 Bedrooms | 9 | 20 | +122.2% |
4 Bedrooms | 9 | 13 | +44.4% |
5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Bristol 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 increased by 50%, 3 bedroom homes increased by 122.2%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 11 | +10.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Bristol in April 2024, up by 10.0% month-over-month. Of the 11 sold homes, 64% were sold under asking, 18% were sold at asking, and 18% were sold over asking.
Days on Market for Bristol, RI
How long does it take to sell a home in Bristol, RI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
36 Days | 74 Days | +102.1% |
Summary: Homes in Bristol had an average of 74 days on market in Apr 2024, up by 102.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 11 homes were sold in Bristol; 27% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.