Is Pascoag, 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, Pascoag has remained a Seller's Market.
Key Takeaway
Pascoag is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pascoag, RI
How much do homes in Pascoag, RI cost?
Median Sold Price
$410,000
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Pascoag have sold for 7.8% more than they did a year ago.
Summary: The median home sold price in Pascoag was $410,000 in April 2024, up 7.8% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $295K | $230K | -22.0% |
| 2 Bedrooms | $313K | $330K | +5.4% |
| 3 Bedrooms | $395K | $447.4K | +13.3% |
| 4 Bedrooms | $495K | $380K | -23.2% |
| 5+ Bedrooms | $410K | $410K | 0.0% |
Summary: Pascoag housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 13.3%, 4 bedroom homes decreased by 23.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Glocester | $387K | $441K | +14.0% |
| Pascoag | $380.5K | $410K | +7.8% |
| Burrillville | $379K | $400K | +5.5% |
| Harrisville | $405K | $394K | -2.7% |
Housing Supply in Pascoag, RI
How many homes are available in Pascoag, RI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 23 | 20 | -13.0% |
Summary: The Pascoag real estate market had 20 homes for sale in April 2024, a 13.0% decrease 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 | 7 | 6 | -14.3% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Pascoag 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 decreased by 14.3%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pascoag, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Pascoag in April 2024, up by 33.3% month-over-month. Of the 8 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Pascoag, RI
How long does it take to sell a home in Pascoag, RI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 9 Days | 73 Days | +711.1% |
Summary: Homes in Pascoag had an average of 73 days on market in Apr 2024, up by 711.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pascoag are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in Pascoag; 50% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
