Is Scituate, 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, Scituate has remained a Seller's Market.
Key Takeaway
Scituate is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Scituate, RI
How much do homes in Scituate, RI cost?
Median Sold Price
$432,500
$255/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Scituate have sold for 3% more than they did a year ago.
Summary: The median home sold price in Scituate was $432,500 in April 2024, up 3% from last year, and the median price per square foot was $255.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $195K | $207K | +6.2% |
| 2 Bedrooms | $345K | $401.5K | +16.4% |
| 3 Bedrooms | $439K | $480K | +9.3% |
| 4 Bedrooms | $500K | $485K | -3.0% |
| 5+ Bedrooms | $490K | $500K | +2.0% |
Summary: Scituate housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.2%, 2 bedroom homes increased by 16.4%, 3 bedroom homes increased by 9.3%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes increased by 2%.
Median Sold Price Compared To Nearby Cities
| Coventry | $349.9K | $380.4K | +8.7% |
| North Scituate | $418K | $452K | +8.1% |
| Johnston | $379.9K | $400K | +5.3% |
| Scituate | $420K | $432.5K | +3.0% |
Housing Supply in Scituate, RI
How many homes are available in Scituate, RI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 21 | 21 | 0.0% |
Summary: The Scituate real estate market had 21 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 7 | +75.0% |
| 3 Bedrooms | 12 | 7 | -41.7% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Scituate 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 75%, 3 bedroom homes decreased by 41.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 4 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Scituate, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Scituate in April 2024, down by 50.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Scituate, RI
How long does it take to sell a home in Scituate, RI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 59 Days | 45 Days | -24.9% |
Summary: Homes in Scituate had an average of 45 days on market in Apr 2024, down by 24.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Scituate are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Scituate; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
