Is 02804, RI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 02804 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 02804 was a Seller's Market.

Key Takeaway

02804 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 02804, RI

How much do homes in 02804, RI cost?

Median Sold Price

$443,500

$282/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$34,000(+8.3%)

Key Takeaway

Homes in 02804 have sold for 8.3% more than they did a year ago.

Summary: The median home sold price in 02804 was $443,500 in October 2024, up 8.3% from last year, and the median price per square foot was $282.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $290K$325K
+12.1%
3 $400.5K$450K
+12.4%
4 $521.9K$546.7K
+4.8%
5+ $420K-
N/A

Summary: 02804 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 12.4%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

02891
+12.5%
02804
+8.3%
02808
-3.4%

Housing Supply in 02804, RI

How many homes are available in 02804, RI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
89+12.5%

Summary: The 02804 real estate market had 9 homes for sale in October 2024, a 12.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 13
+200.0%
3 75
-28.6%
4 01
+100.0%
5+ 00
0.0%

Summary: The 02804 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 02804, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in 02804 in October 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for 02804, RI

How long does it take to sell a home in 02804, RI?

Average Sale Time

Oct 2023Oct 2024CHANGE
15 Days27 Days+80.0%

Summary: Homes in 02804 had an average of 27 days on market in Oct 2024, up by 80% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 02804 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 1 homes were sold in 02804; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in 02804, RI

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