Is North 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, North Providence has remained a Seller's Market.
Key Takeaway
North Providence is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Providence, RI
How much do homes in North Providence, RI cost?
Median Sold Price
$375,000
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in North Providence have sold for 11.9% more than they did a year ago.
Summary: The median home sold price in North Providence was $375,000 in April 2024, up 11.9% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | $167.5K | +11.7% |
| 2 Bedrooms | $257.5K | $310.5K | +20.6% |
| 3 Bedrooms | $359.9K | $399K | +10.8% |
| 4 Bedrooms | $390K | $447.5K | +14.7% |
| 5+ Bedrooms | $427.5K | $499K | +16.7% |
Summary: North Providence housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.7%, 2 bedroom homes increased by 20.6%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 14.7%, and 5+ bedroom homes increased by 16.7%.
Median Sold Price Compared To Nearby Cities
| Providence | $393.2K | $443.2K | +12.7% |
| North Providence | $335K | $375K | +11.9% |
| Pawtucket | $356.4K | $380K | +6.6% |
| Smithfield | $405K | $427K | +5.4% |
| Johnston | $379.9K | $400K | +5.3% |
Housing Supply in North Providence, RI
How many homes are available in North Providence, RI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 103 | 109 | +5.8% |
Summary: The North Providence real estate market had 109 homes for sale in April 2024, a 5.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 19 | 20 | +5.3% |
| 2 Bedrooms | 33 | 36 | +9.1% |
| 3 Bedrooms | 35 | 37 | +5.7% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The North Providence housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.3%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 5.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 22 | 33 | +50.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Providence, you could pay more than the asking price. 60.6% of homes here sold above asking price last month.
Summary: A total of 33 homes were sold or pending in North Providence in April 2024, up by 50.0% month-over-month. Of the 33 sold homes, 27% were sold under asking, 12% were sold at asking, and 61% were sold over asking.
Days on Market for North Providence, RI
How long does it take to sell a home in North Providence, RI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 30 Days | 24 Days | -21.5% |
Summary: Homes in North Providence had an average of 24 days on market in Apr 2024, down by 21.5% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Providence are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 33 homes were sold in North Providence; 67% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
