Is Bristol, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Bristol has remained a Seller's Market.
Key Takeaway
Bristol is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bristol, RI
How much do homes in Bristol, RI cost?
Median Sold Price
$610,000
$328/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Bristol have sold for 22% more than they did a year ago.
Summary: The median home sold price in Bristol was $610,000 in May 2024, up 22% from last year, and the median price per square foot was $328.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $355K | $598.2K | +68.5% |
| 2 Bedrooms | $415K | $399K | -3.9% |
| 3 Bedrooms | $500K | $610K | +22.0% |
| 4 Bedrooms | $522.5K | $644.5K | +23.3% |
| 5+ Bedrooms | $577.5K | $770K | +33.3% |
Summary: Bristol housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 68.5%, 2 bedroom homes decreased by 3.9%, 3 bedroom homes increased by 22%, 4 bedroom homes increased by 23.3%, and 5+ bedroom homes increased by 33.3%.
Median Sold Price Compared To Nearby Cities
| Bristol | $500K | $610K | +22.0% |
| Warren | $455K | $482K | +5.9% |
Housing Supply in Bristol, RI
How many homes are available in Bristol, RI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 56 | 64 | +14.3% |
Summary: The Bristol real estate market had 64 homes for sale in May 2024, a 14.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 15 | 20 | +33.3% |
| 3 Bedrooms | 20 | 21 | +5.0% |
| 4 Bedrooms | 12 | 14 | +16.7% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Bristol housing inventory by bedroom type for May 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 5%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 18 | +63.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bristol, you could pay more than the asking price. 61.1% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in Bristol in May 2024, up by 63.6% month-over-month. Of the 18 sold homes, 22% were sold under asking, 17% were sold at asking, and 61% were sold over asking.
Days on Market for Bristol, RI
How long does it take to sell a home in Bristol, RI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 15 Days | 15 Days | 0.1% |
Summary: Homes in Bristol had an average of 15 days on market in May 2024, up by 0.1% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bristol are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 18 homes were sold in Bristol; 78% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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