Is Greene, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Greene was a Seller's Market.
Key Takeaway
Greene is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Greene, RI
How much do homes in Greene, RI cost?
Median Sold Price
$490,000
$251/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Greene have sold for 12.4% more than they did a year ago.
Summary: The median home sold price in Greene was $490,000 in May 2024, up 12.4% from last year, and the median price per square foot was $251.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $385K | - | N/A |
| 3 Bedrooms | $475K | $480K | +1.1% |
| 4 Bedrooms | $560K | $650K | +16.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: Greene housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Sterling | $276K | $324.9K | +17.7% |
| Foster | $425K | $500K | +17.6% |
| West Greenwich | $488.7K | $565K | +15.6% |
| Greene | $435.7K | $490K | +12.4% |
| Coventry | $360K | $380.1K | +5.6% |
Housing Supply in Greene, RI
How many homes are available in Greene, RI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 9 | +80.0% |
Summary: The Greene real estate market had 9 homes for sale in May 2024, a 80.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 3 | 6 | +100.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Greene housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 0 | 1 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Greene, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Greene in May 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Greene, RI
How long does it take to sell a home in Greene, RI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 19 Days | 26 Days | +36.8% |
Summary: Homes in Greene had an average of 26 days on market in May 2024, up by 36.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Greene are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 1 homes were sold in Greene; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
