$10,000 Closing Credit*
$999,900
1,744 SqFt
3 Beds
•1 Full Bath, 1 Partial
Listing Office: RE/MAX South County
Is 02808, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 02808 has remained a Seller's Market.
Key Takeaway
02808 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 02808, RI
How much do homes in 02808, RI cost?
Median Sold Price
$385,000
$276/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$13,750(-3.4%)
Key Takeaway
Homes in 02808 have sold for 3.4% less than they did a year ago.
Summary: The median home sold price in 02808 was $385,000 in October 2024, down 3.4% from last year, and the median price per square foot was $276.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $389K | $320K | -17.7% |
| 3 Bedrooms | $387.5K | $399.9K | +3.2% |
| 4 Bedrooms | $528.7K | $170K | -67.8% |
| 5+ Bedrooms | $480K | $385K | -19.8% |
Summary: 02808 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 decreased by 17.7%, 3 bedroom homes increased by 3.2%, 4 bedroom homes decreased by 67.8%, and 5+ bedroom homes decreased by 19.8%.
Housing Supply in 02808, RI
How many homes are available in 02808, RI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 10 | +11.1% |
Summary: The 02808 real estate market had 10 homes for sale in October 2024, a 11.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 02808 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 100%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 02808, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in 02808 in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for 02808, RI
How long does it take to sell a home in 02808, RI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 17 Days | -44.5% |
Summary: Homes in 02808 had an average of 17 days on market in Oct 2024, down by 44.5% compared to last year.
Breakdown of Home Sale Times
4 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 02808 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in 02808; 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.
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