$10,000 Closing Credit*
$1,595,000
3,306 SqFt
4 Beds
•3 Full Baths, 1 Partial
Listing Office: Gustave White Sotheby's Realty
Is 02809, 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, 02809 has remained a Seller's Market.
Key Takeaway
02809 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 02809, RI
How much do homes in 02809, RI cost?
Median Sold Price
$601,100
$362/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$26,100(+4.5%)
Key Takeaway
Homes in 02809 have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in 02809 was $601,100 in November 2024, up 4.5% from last year, and the median price per square foot was $362.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $369K | $397.5K | +7.7% |
| 2 Bedrooms | $472.5K | $530K | +12.2% |
| 3 Bedrooms | $604.5K | $550K | -9.0% |
| 4 Bedrooms | $565K | $642.5K | +13.7% |
| 5+ Bedrooms | $761K | $725K | -4.7% |
Summary: 02809 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.7%, 2 bedroom homes increased by 12.2%, 3 bedroom homes decreased by 9%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes decreased by 4.7%.
Median Sold Price Compared To Nearby Zip Codes
| 02885 | $470.2K | $530K | +12.7% |
| 02806 | $679.5K | $760K | +11.8% |
| 02809 | $575K | $601.1K | +4.5% |
Housing Supply in 02809, RI
How many homes are available in 02809, RI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 75 | 65 | -13.3% |
Summary: The 02809 real estate market had 65 homes for sale in November 2024, a 13.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 13 | 12 | -7.7% |
| 3 Bedrooms | 25 | 23 | -8.0% |
| 4 Bedrooms | 18 | 13 | -27.8% |
| 5+ Bedrooms | 16 | 14 | -12.5% |
Summary: The 02809 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 7.7%, 3 bedroom homes decreased by 8%, 4 bedroom homes decreased by 27.8%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 13 | -50.0% |
Asking Price vs. Sold Price
9 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 02809, you may be able to get a good deal. 69.2% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in 02809 in November 2024, down by 50.0% month-over-month. Of the 13 sold homes, 69% were sold under asking, 8% were sold at asking, and 23% were sold over asking.
Days on Market for 02809, RI
How long does it take to sell a home in 02809, RI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 26 Days | +3.4% |
Summary: Homes in 02809 had an average of 26 days on market in Nov 2024, up by 3.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 02809 has remained consistent over time.
Summary: During November 2024, 13 homes were sold in 02809; 46% of homes were sold within 30 days, 54% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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