$3,194 Closing Credit*
$269,000
825 SqFt
1 Bed
•1 Full Bath
Listing Office: Coldwell Banker Coastal Homes
Is 02813, 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, 02813 has remained a Seller's Market.
Key Takeaway
02813 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 02813, RI
How much do homes in 02813, RI cost?
Median Sold Price
$575,000
$342/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$25,000(+4.5%)
Key Takeaway
Homes in 02813 have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in 02813 was $575,000 in November 2024, up 4.5% from last year, and the median price per square foot was $342.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $281.4K | $284.9K | +1.3% |
| 2 Bedrooms | $335K | $366.2K | +9.3% |
| 3 Bedrooms | $570K | $587.5K | +3.1% |
| 4 Bedrooms | $875K | $658K | -24.8% |
| 5+ Bedrooms | $625.5K | $6.9M | +1011.1% |
Summary: 02813 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.3%, 2 bedroom homes increased by 9.3%, 3 bedroom homes increased by 3.1%, 4 bedroom homes decreased by 24.8%, and 5+ bedroom homes increased by 1011.1%.
Housing Supply in 02813, RI
How many homes are available in 02813, RI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 45 | 34 | -24.4% |
Summary: The 02813 real estate market had 34 homes for sale in November 2024, a 24.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 16 | 9 | -43.8% |
| 3 Bedrooms | 20 | 17 | -15.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 02813 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 43.8%, 3 bedroom homes decreased by 15%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 12 | -7.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02813, you could pay more than the asking price. 41.7% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in 02813 in November 2024, down by 7.7% month-over-month. Of the 12 sold homes, 33% were sold under asking, 25% were sold at asking, and 42% were sold over asking.
Days on Market for 02813, RI
How long does it take to sell a home in 02813, RI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 55 Days | 53 Days | -2.7% |
Summary: Homes in 02813 had an average of 53 days on market in Nov 2024, down by 2.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 02813 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 12 homes were sold in 02813; 42% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
