Is Chepachet, 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, Chepachet has remained a Seller's Market.
Housing Prices in Chepachet, RI
How much do homes in Chepachet, RI cost?
Median Sold Price
$431,250
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Chepachet was $431,250 in April 2024, up 13.1% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $200K | $218.5K | +9.3% |
2 Bedrooms | $313.5K | $332.5K | +6.1% |
3 Bedrooms | $421.2K | $469K | +11.3% |
4 Bedrooms | $456K | $475K | +4.2% |
5+ Bedrooms | $317.5K | $500K | +57.5% |
Summary: Chepachet housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.3%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 57.5%.
Median Sold Price Compared To Nearby Cities
Glocester | $387K | $441K | +14.0% |
Chepachet | $381.2K | $431.2K | +13.1% |
North Scituate | $418K | $452K | +8.1% |
Harrisville | $405K | $394K | -2.7% |
Housing Supply in Chepachet, RI
How many homes are available in Chepachet, RI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
26 | 30 | +15.4% |
Summary: The Chepachet real estate market had 30 homes for sale in April 2024, a 15.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 5 | 9 | +80.0% |
3 Bedrooms | 14 | 17 | +21.4% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The Chepachet housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 80%, 3 bedroom homes increased by 21.4%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 9 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Chepachet in April 2024, the same as the previous month. Of the 9 sold homes, 11% were sold under asking, 44% were sold at asking, and 44% were sold over asking.
Days on Market for Chepachet, RI
How long does it take to sell a home in Chepachet, RI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
79 Days | 67 Days | -15.9% |
Summary: Homes in Chepachet had an average of 67 days on market in Apr 2024, down by 15.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Chepachet; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.