Is North Kingstown, 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, North Kingstown has remained a Seller's Market.
Housing Prices in North Kingstown, RI
How much do homes in North Kingstown, RI cost?
Median Sold Price
$550,000
$298/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in North Kingstown was $550,000 in April 2024, down 3.2% from last year, and the median price per square foot was $298.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $264K | $299K | +13.3% |
2 Bedrooms | $425K | $410K | -3.5% |
3 Bedrooms | $515K | $572.2K | +11.1% |
4 Bedrooms | $780K | $834K | +6.9% |
5+ Bedrooms | $750K | $1.4M | +99.0% |
Summary: North Kingstown housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.3%, 2 bedroom homes decreased by 3.5%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 99%.
Median Sold Price Compared To Nearby Cities
Warwick | $340.8K | $384.1K | +12.7% |
East Greenwich | $606.6K | $631.4K | +4.1% |
Saunderstown | $760K | $790K | +3.9% |
South Kingstown | $582.1K | $587.8K | +1.0% |
North Kingstown | $568K | $550K | -3.2% |
Housing Supply in North Kingstown, RI
How many homes are available in North Kingstown, RI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
70 | 77 | +10.0% |
Summary: The North Kingstown real estate market had 77 homes for sale in April 2024, a 10.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 17 | 19 | +11.8% |
3 Bedrooms | 29 | 31 | +6.9% |
4 Bedrooms | 16 | 21 | +31.3% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The North Kingstown housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 31.3%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 16 | -23.8% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in North Kingstown in April 2024, down by 23.8% month-over-month. Of the 16 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for North Kingstown, RI
How long does it take to sell a home in North Kingstown, RI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
31 Days | 28 Days | -9.8% |
Summary: Homes in North Kingstown had an average of 28 days on market in Apr 2024, down by 9.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 16 homes were sold in North Kingstown; 63% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.