Is Bristol County, 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 County has remained a Seller's Market.
Housing Prices in Bristol County, RI
How much do homes in Bristol County, RI cost?
Median Sold Price
$614,000
$338/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Bristol County was $614,000 in May 2024, up 12.3% from last year, and the median price per square foot was $338.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $294.5K | $369K | +25.3% |
2 Bedrooms | $411K | $449.9K | +9.5% |
3 Bedrooms | $530K | $592K | +11.7% |
4 Bedrooms | $680K | $740K | +8.8% |
5+ Bedrooms | $675K | $797.5K | +18.1% |
Summary: Bristol County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.3%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 18.1%.
Median Sold Price Compared To Nearby Counties
Bristol County | $546.6K | $614K | +12.3% |
Providence County | $380.6K | $420K | +10.4% |
Bristol County | $449.9K | $486K | +8.0% |
Housing Supply in Bristol County, RI
How many homes are available in Bristol County, RI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
136 | 171 | +25.7% |
Summary: The Bristol County real estate market had 171 homes for sale in May 2024, a 25.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 25 | 29 | +16.0% |
3 Bedrooms | 56 | 68 | +21.4% |
4 Bedrooms | 33 | 47 | +42.4% |
5+ Bedrooms | 19 | 24 | +26.3% |
Summary: The Bristol County 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 16%, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 42.4%, and 5+ bedroom homes increased by 26.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
25 | 46 | +84.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Summary: A total of 46 homes were sold or pending in Bristol County in May 2024, up by 84.0% month-over-month. Of the 46 sold homes, 22% were sold under asking, 20% were sold at asking, and 59% were sold over asking.
Days on Market for Bristol County, RI
How long does it take to sell a home in Bristol County, RI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
31 Days | 16 Days | -49.0% |
Summary: Homes in Bristol County had an average of 16 days on market in May 2024, down by 49% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 46 homes were sold in Bristol County; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.