Is Rumford, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Rumford was a Seller's Market.
Housing Prices in Rumford, RI
How much do homes in Rumford, RI cost?
Median Sold Price
$447,000
$264/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Rumford was $447,000 in April 2024, up 3.1% from last year, and the median price per square foot was $264.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $339.9K | $360K | +5.9% |
3 Bedrooms | $440K | $445K | +1.1% |
4 Bedrooms | $480K | $474.5K | -1.1% |
5+ Bedrooms | $570.2K | $470K | -17.6% |
Summary: Rumford 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 5.9%, 3 bedroom homes increased by 1.1%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes decreased by 17.6%.
Median Sold Price Compared To Nearby Cities
East Providence | $380K | $409.3K | +7.7% |
Pawtucket | $356.4K | $380K | +6.6% |
Seekonk | $494K | $517.5K | +4.8% |
Rumford | $433.5K | $447K | +3.1% |
Housing Supply in Rumford, RI
How many homes are available in Rumford, RI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 22 | +46.7% |
Summary: The Rumford real estate market had 22 homes for sale in April 2024, a 46.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 7 | 10 | +42.9% |
4 Bedrooms | 3 | 5 | +66.7% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Rumford housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 42.9%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 3 | -57.1% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Rumford in April 2024, down by 57.1% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for Rumford, RI
How long does it take to sell a home in Rumford, RI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
18 Days | 18 Days | -2.2% |
Summary: Homes in Rumford had an average of 18 days on market in Apr 2024, down by 2.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Rumford; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.