Is North Providence, 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, North Providence has remained a Seller's Market.
Housing Prices in North Providence, RI
How much do homes in North Providence, RI cost?
Median Sold Price
$373,139
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in North Providence was $373,139 in May 2024, up 11.4% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $155K | $170K | +9.7% |
2 Bedrooms | $260K | $314.9K | +21.1% |
3 Bedrooms | $353.5K | $399.9K | +13.1% |
4 Bedrooms | $404K | $457.5K | +13.2% |
5+ Bedrooms | $425K | $500K | +17.6% |
Summary: North Providence housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.7%, 2 bedroom homes increased by 21.1%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes increased by 17.6%.
Median Sold Price Compared To Nearby Cities
Providence | $392.7K | $451.5K | +14.9% |
North Providence | $335K | $373.1K | +11.4% |
Pawtucket | $355K | $385K | +8.5% |
Smithfield | $405K | $431K | +6.4% |
Johnston | $380K | $402.5K | +5.9% |
Housing Supply in North Providence, RI
How many homes are available in North Providence, RI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
113 | 124 | +9.7% |
Summary: The North Providence real estate market had 124 homes for sale in May 2024, a 9.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 24 | 22 | -8.3% |
2 Bedrooms | 35 | 44 | +25.7% |
3 Bedrooms | 38 | 44 | +15.8% |
4 Bedrooms | 10 | 7 | -30.0% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The North Providence housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 8.3%, 2 bedroom homes increased by 25.7%, 3 bedroom homes increased by 15.8%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
37 | 37 | 0.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Summary: A total of 37 homes were sold or pending in North Providence in May 2024, the same as the previous month. Of the 37 sold homes, 16% were sold under asking, 22% were sold at asking, and 62% were sold over asking.
Days on Market for North Providence, RI
How long does it take to sell a home in North Providence, RI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
25 Days | 24 Days | -3.6% |
Summary: Homes in North Providence had an average of 24 days on market in May 2024, down by 3.6% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 37 homes were sold in North Providence; 73% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.