Is Exeter, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Exeter was a Buyer's Market.
Key Takeaway
Exeter is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Exeter, RI
How much do homes in Exeter, RI cost?
Median Sold Price
$511,500
$273/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Exeter have sold for 5.7% less than they did a year ago.
Summary: The median home sold price in Exeter was $511,500 in May 2024, down 5.7% from last year, and the median price per square foot was $273.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $261.2K | $327.5K | +25.4% |
| 2 Bedrooms | $542.2K | $475K | -12.4% |
| 3 Bedrooms | $533K | $551K | +3.4% |
| 4 Bedrooms | $725K | $628.4K | -13.3% |
| 5+ Bedrooms | - | - | N/A |
Summary: Exeter housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.4%, 2 bedroom homes decreased by 12.4%, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| West Greenwich | $488.7K | $565K | +15.6% |
| West Kingston | $499.9K | $546K | +9.2% |
| Richmond | $423.7K | $427.5K | +0.9% |
| Exeter | $542.2K | $511.5K | -5.7% |
| Wyoming | $421.8K | $345K | -18.2% |
Housing Supply in Exeter, RI
How many homes are available in Exeter, RI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 18 | +63.6% |
Summary: The Exeter real estate market had 18 homes for sale in May 2024, a 63.6% 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 | 3 | 5 | +66.7% |
| 3 Bedrooms | 7 | 9 | +28.6% |
| 4 Bedrooms | 1 | 4 | +300.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Exeter 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 66.7%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 300%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Exeter, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Exeter in May 2024, up by 50.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Exeter, RI
How long does it take to sell a home in Exeter, RI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 28 Days | 2 Days | -91.7% |
Summary: Homes in Exeter had an average of 2 days on market in May 2024, down by 91.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Exeter are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Exeter; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
