Is Bristol County, 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 County has remained a Seller's Market.
Key Takeaway
Bristol County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bristol County, RI
How much do homes in Bristol County, RI cost?
Median Sold Price
$615,000
$337/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Bristol County have sold for 14.2% more than they did a year ago.
Summary: The median home sold price in Bristol County was $615,000 in April 2024, up 14.2% from last year, and the median price per square foot was $337.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $294.5K | $598.2K | +103.1% |
| 2 Bedrooms | $405K | $442.5K | +9.3% |
| 3 Bedrooms | $525K | $600K | +14.3% |
| 4 Bedrooms | $738K | $725K | -1.8% |
| 5+ Bedrooms | $676.2K | $795K | +17.6% |
Summary: Bristol County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 103.1%, 2 bedroom homes increased by 9.3%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes increased by 17.6%.
Median Sold Price Compared To Nearby Counties
| Bristol County | $538.3K | $615K | +14.2% |
| Providence County | $380K | $415K | +9.2% |
| Bristol County | $449.9K | $480.4K | +6.8% |
Housing Supply in Bristol County, RI
How many homes are available in Bristol County, RI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 86 | 127 | +47.7% |
Summary: The Bristol County real estate market had 127 homes for sale in April 2024, a 47.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 17 | 22 | +29.4% |
| 3 Bedrooms | 31 | 51 | +64.5% |
| 4 Bedrooms | 22 | 31 | +40.9% |
| 5+ Bedrooms | 15 | 20 | +33.3% |
Summary: The Bristol County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 29.4%, 3 bedroom homes increased by 64.5%, 4 bedroom homes increased by 40.9%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 22 | 25 | +13.6% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bristol County, you may be able to get a good deal. 48% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in Bristol County in April 2024, up by 13.6% month-over-month. Of the 25 sold homes, 48% were sold under asking, 8% were sold at asking, and 44% were sold over asking.
Days on Market for Bristol County, RI
How long does it take to sell a home in Bristol County, RI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 26 Days | 45 Days | +74.5% |
Summary: Homes in Bristol County had an average of 45 days on market in Apr 2024, up by 74.5% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bristol County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 25 homes were sold in Bristol County; 56% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
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