Is Tiverton, 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, Tiverton has remained a Seller's Market.
Key Takeaway
Tiverton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tiverton, RI
How much do homes in Tiverton, RI cost?
Median Sold Price
$470,000
$285/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Tiverton have sold for 10.6% more than they did a year ago.
Summary: The median home sold price in Tiverton was $470,000 in April 2024, up 10.6% from last year, and the median price per square foot was $285.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $220K | $260K | +18.2% |
| 2 Bedrooms | $308.7K | $383.2K | +24.1% |
| 3 Bedrooms | $427.5K | $490K | +14.6% |
| 4 Bedrooms | $627.5K | $602.4K | -4.0% |
| 5+ Bedrooms | $492K | $747.5K | +51.9% |
Summary: Tiverton housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.2%, 2 bedroom homes increased by 24.1%, 3 bedroom homes increased by 14.6%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes increased by 51.9%.
Median Sold Price Compared To Nearby Cities
| Somerset | $408K | $454K | +11.3% |
| Westport | $605K | $669.5K | +10.7% |
| Tiverton | $425K | $470K | +10.6% |
| Fall River | $425K | $444K | +4.5% |
| Little Compton | $875K | $910K | +4.0% |
Housing Supply in Tiverton, RI
How many homes are available in Tiverton, RI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 51 | 71 | +39.2% |
Summary: The Tiverton real estate market had 71 homes for sale in April 2024, a 39.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 18 | 24 | +33.3% |
| 3 Bedrooms | 22 | 31 | +40.9% |
| 4 Bedrooms | 4 | 9 | +125.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Tiverton 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 33.3%, 3 bedroom homes increased by 40.9%, 4 bedroom homes increased by 125%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 15 | +25.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tiverton, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Tiverton in April 2024, up by 25.0% month-over-month. Of the 15 sold homes, 40% were sold under asking, 27% were sold at asking, and 33% were sold over asking.
Days on Market for Tiverton, RI
How long does it take to sell a home in Tiverton, RI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 61 Days | 41 Days | -33.2% |
Summary: Homes in Tiverton had an average of 41 days on market in Apr 2024, down by 33.2% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Tiverton are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 15 homes were sold in Tiverton; 60% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
