Is East Providence, 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, East Providence has remained a Seller's Market.
Housing Prices in East Providence, RI
How much do homes in East Providence, RI cost?
Median Sold Price
$409,394
$263/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in East Providence was $409,394 in April 2024, up 7.7% from last year, and the median price per square foot was $263.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $230K | $295K | +28.3% |
2 Bedrooms | $302.5K | $345K | +14.0% |
3 Bedrooms | $380K | $410K | +7.9% |
4 Bedrooms | $402.5K | $455K | +13.0% |
5+ Bedrooms | $500K | $499.9K | 0% |
Summary: East Providence housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.3%, 2 bedroom homes increased by 14%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 13%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
East Providence | $380K | $409.3K | +7.7% |
Riverside | $375K | $395.4K | +5.5% |
Seekonk | $494K | $517.5K | +4.8% |
Rumford | $433.5K | $447K | +3.1% |
Barrington | $675K | $675K | 0.0% |
Housing Supply in East Providence, RI
How many homes are available in East Providence, RI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
106 | 107 | +0.9% |
Summary: The East Providence real estate market had 107 homes for sale in April 2024, a 0.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 18 | 17 | -5.6% |
3 Bedrooms | 54 | 57 | +5.6% |
4 Bedrooms | 16 | 20 | +25.0% |
5+ Bedrooms | 16 | 11 | -31.3% |
Summary: The East Providence 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 decreased by 5.6%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 31.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
35 | 34 | -2.9% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in East Providence in April 2024, down by 2.9% month-over-month. Of the 34 sold homes, 18% were sold under asking, 18% were sold at asking, and 65% were sold over asking.
Days on Market for East Providence, RI
How long does it take to sell a home in East Providence, RI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
26 Days | 20 Days | -22.0% |
Summary: Homes in East Providence had an average of 20 days on market in Apr 2024, down by 22% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 34 homes were sold in East Providence; 76% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.