Is Pawtucket, 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, Pawtucket has remained a Seller's Market.
Key Takeaway
Pawtucket is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pawtucket, RI
How much do homes in Pawtucket, RI cost?
Median Sold Price
$380,000
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Pawtucket have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in Pawtucket was $380,000 in April 2024, up 6.6% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | $165K | -10.8% |
| 2 Bedrooms | $285K | $302K | +6.0% |
| 3 Bedrooms | $335K | $360K | +7.5% |
| 4 Bedrooms | $370K | $390K | +5.4% |
| 5+ Bedrooms | $445K | $505K | +13.5% |
Summary: Pawtucket housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.8%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 13.5%.
Housing Supply in Pawtucket, RI
How many homes are available in Pawtucket, RI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 157 | 152 | -3.2% |
Summary: The Pawtucket real estate market had 152 homes for sale in April 2024, a 3.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 29 | 28 | -3.4% |
| 3 Bedrooms | 50 | 43 | -14.0% |
| 4 Bedrooms | 25 | 28 | +12.0% |
| 5+ Bedrooms | 50 | 49 | -2.0% |
Summary: The Pawtucket housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 3.4%, 3 bedroom homes decreased by 14%, 4 bedroom homes increased by 12%, and 5+ bedroom homes decreased by 2%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 48 | 48 | 0.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
33 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pawtucket, you could pay more than the asking price. 68.8% of homes here sold above asking price last month.
Summary: A total of 48 homes were sold or pending in Pawtucket in April 2024, the same as the previous month. Of the 48 sold homes, 25% were sold under asking, 6% were sold at asking, and 69% were sold over asking.
Days on Market for Pawtucket, RI
How long does it take to sell a home in Pawtucket, RI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 21 Days | 23 Days | +8.0% |
Summary: Homes in Pawtucket had an average of 23 days on market in Apr 2024, up by 8% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pawtucket are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 48 homes were sold in Pawtucket; 71% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
