Is Washington County, 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, Washington County has remained a Seller's Market.
Housing Prices in Washington County, RI
How much do homes in Washington County, RI cost?
Median Sold Price
$558,519
$319/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Washington County was $558,519 in April 2024, up 1.6% from last year, and the median price per square foot was $319.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $272.2K | $310K | +13.9% |
2 Bedrooms | $458.5K | $425K | -7.3% |
3 Bedrooms | $531.1K | $553.4K | +4.2% |
4 Bedrooms | $716.6K | $760K | +6.0% |
5+ Bedrooms | $780K | $875K | +12.2% |
Summary: Washington County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.9%, 2 bedroom homes decreased by 7.3%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 12.2%.
Median Sold Price Compared To Nearby Counties
Kent County | $353.5K | $389.9K | +10.3% |
New London County | $300.1K | $330K | +10.0% |
Washington County | $549.9K | $558.5K | +1.6% |
Housing Supply in Washington County, RI
How many homes are available in Washington County, RI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
402 | 449 | +11.7% |
Summary: The Washington County real estate market had 449 homes for sale in April 2024, a 11.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 21 | 23 | +9.5% |
2 Bedrooms | 102 | 114 | +11.8% |
3 Bedrooms | 169 | 184 | +8.9% |
4 Bedrooms | 74 | 88 | +18.9% |
5+ Bedrooms | 36 | 40 | +11.1% |
Summary: The Washington County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.5%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 18.9%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
106 | 104 | -1.9% |
Asking Price vs. Sold Price
40 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
38 Homes Were Sold
Over Asking
Summary: A total of 104 homes were sold or pending in Washington County in April 2024, down by 1.9% month-over-month. Of the 104 sold homes, 38% were sold under asking, 25% were sold at asking, and 37% were sold over asking.
Days on Market for Washington County, RI
How long does it take to sell a home in Washington County, RI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
43 Days | 36 Days | -14.4% |
Summary: Homes in Washington County had an average of 36 days on market in Apr 2024, down by 14.4% compared to last year.
Breakdown of Home Sale Times
63 Homes Were Sold
Under 30 Days
32 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During April 2024, 104 homes were sold in Washington County; 61% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.