Is Glocester, 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, Glocester has remained a Seller's Market.
Key Takeaway
Glocester is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Glocester, RI
How much do homes in Glocester, RI cost?
Median Sold Price
$441,000
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Glocester have sold for 14% more than they did a year ago.
Summary: The median home sold price in Glocester was $441,000 in April 2024, up 14% 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 | $335K | +6.9% |
| 3 Bedrooms | $430K | $492.5K | +14.5% |
| 4 Bedrooms | $487.5K | $483.7K | -0.8% |
| 5+ Bedrooms | $317.5K | $504.5K | +58.9% |
Summary: Glocester 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 6.9%, 3 bedroom homes increased by 14.5%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 58.9%.
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% |
| Pascoag | $380.5K | $410K | +7.8% |
Housing Supply in Glocester, RI
How many homes are available in Glocester, RI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 31 | 32 | +3.2% |
Summary: The Glocester real estate market had 32 homes for sale in April 2024, a 3.2% 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 | 8 | +60.0% |
| 3 Bedrooms | 17 | 19 | +11.8% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The Glocester 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 60%, 3 bedroom homes increased by 11.8%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 9 | -18.2% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Glocester, expect to pay close to the asking price. 44.4% of homes here sold near the asking price last month.
Summary: A total of 9 homes were sold or pending in Glocester in April 2024, down by 18.2% month-over-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 Glocester, RI
How long does it take to sell a home in Glocester, RI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 77 Days | 67 Days | -13.3% |
Summary: Homes in Glocester had an average of 67 days on market in Apr 2024, down by 13.3% 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
Key Takeaway
Many homes in Glocester are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in Glocester; 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.
