$10,000 Closing Credit*
$945,000
3,550 SqFt
4 Beds
•2 Full Baths, 1 Partial
Listing Office: Compass
Is 02806, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 02806 has remained a Seller's Market.
Key Takeaway
02806 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 02806, RI
How much do homes in 02806, RI cost?
Median Sold Price
$760,000
$369/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$80,500(+11.8%)
Key Takeaway
Homes in 02806 have sold for 11.8% more than they did a year ago.
Summary: The median home sold price in 02806 was $760,000 in November 2024, up 11.8% from last year, and the median price per square foot was $369.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $462K | $450K | -2.6% |
| 3 Bedrooms | $600K | $640K | +6.7% |
| 4 Bedrooms | $845K | $855K | +1.2% |
| 5+ Bedrooms | $1.4M | $1.6M | +12.8% |
Summary: 02806 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.6%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 12.8%.
Housing Supply in 02806, RI
How many homes are available in 02806, RI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 47 | 36 | -23.4% |
Summary: The 02806 real estate market had 36 homes for sale in November 2024, a 23.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 22 | 20 | -9.1% |
| 4 Bedrooms | 16 | 8 | -50.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The 02806 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 7 | -65.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02806, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 02806 in November 2024, down by 65.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.
Days on Market for 02806, RI
How long does it take to sell a home in 02806, RI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 13 Days | 25 Days | +93.4% |
Summary: Homes in 02806 had an average of 25 days on market in Nov 2024, up by 93.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 02806 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in 02806; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
