Is North Smithfield, 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 Smithfield has remained a Seller's Market.
Housing Prices in North Smithfield, RI
How much do homes in North Smithfield, RI cost?
Median Sold Price
$432,950
$243/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in North Smithfield was $432,950 in April 2024, up 0.2% from last year, and the median price per square foot was $243.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $392.5K | N/A |
2 Bedrooms | $385K | $427.4K | +11.0% |
3 Bedrooms | $425K | $435K | +2.4% |
4 Bedrooms | $492.5K | $452K | -8.2% |
5+ Bedrooms | $446.5K | $500K | +12.0% |
Summary: North Smithfield housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11%, 3 bedroom homes increased by 2.4%, 4 bedroom homes decreased by 8.2%, and 5+ bedroom homes increased by 12%.
Median Sold Price Compared To Nearby Cities
Manville | $297.5K | $416.5K | +40.0% |
Woonsocket | $335K | $375K | +11.9% |
Lincoln | $429.9K | $465.1K | +8.2% |
North Smithfield | $432.2K | $432.9K | 0.2% |
Housing Supply in North Smithfield, RI
How many homes are available in North Smithfield, RI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
23 | 27 | +17.4% |
Summary: The North Smithfield real estate market had 27 homes for sale in April 2024, a 17.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 3 | 5 | +66.7% |
3 Bedrooms | 13 | 16 | +23.1% |
4 Bedrooms | 2 | 1 | -50.0% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The North Smithfield housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 23.1%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 8 | +60.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in North Smithfield in April 2024, up by 60.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.
Days on Market for North Smithfield, RI
How long does it take to sell a home in North Smithfield, RI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
53 Days | 15 Days | -71.5% |
Summary: Homes in North Smithfield had an average of 15 days on market in Apr 2024, down by 71.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in North Smithfield; 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.