Is Harrisville, 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, Harrisville was a Seller's Market.
Key Takeaway
Harrisville 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 Harrisville, RI
How much do homes in Harrisville, RI cost?
Median Sold Price
$394,000
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Harrisville have sold for 2.7% less than they did a year ago.
Summary: The median home sold price in Harrisville was $394,000 in May 2024, down 2.7% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $83K | $199K | +139.8% |
| 2 Bedrooms | $243K | $298K | +22.6% |
| 3 Bedrooms | $448K | $410K | -8.5% |
| 4 Bedrooms | $389K | $501.7K | +29.0% |
| 5+ Bedrooms | $426.2K | $442.5K | +3.8% |
Summary: Harrisville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 139.8%, 2 bedroom homes increased by 22.6%, 3 bedroom homes decreased by 8.5%, 4 bedroom homes increased by 29%, and 5+ bedroom homes increased by 3.8%.
Median Sold Price Compared To Nearby Cities
| Mapleville | $320K | $397K | +24.1% |
| Burrillville | $380K | $400K | +5.3% |
| Harrisville | $405K | $394K | -2.7% |
Housing Supply in Harrisville, RI
How many homes are available in Harrisville, RI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 23 | 19 | -17.4% |
Summary: The Harrisville real estate market had 19 homes for sale in May 2024, a 17.4% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 6 | 3 | -50.0% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Harrisville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 3 | -75.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Harrisville, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Harrisville in May 2024, down by 75.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Harrisville, RI
How long does it take to sell a home in Harrisville, RI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 87 Days | 44 Days | -49.0% |
Summary: Homes in Harrisville had an average of 44 days on market in May 2024, down by 49% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Harrisville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Harrisville; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
