$8,311 Closing Credit*
$699,900
2,518 SqFt
3 Beds
•2 Full Baths, 1 Partial
Listing Office: RE/MAX Professionals
Is 02817, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 02817 was a Neutral Market.
Key Takeaway
02817 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 02817, RI
How much do homes in 02817, RI cost?
Median Sold Price
$600,000
$272/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$98,000(+19.5%)
Key Takeaway
Homes in 02817 have sold for 19.5% more than they did a year ago.
Summary: The median home sold price in 02817 was $600,000 in October 2024, up 19.5% from last year, and the median price per square foot was $272.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $87.5K | $178.5K | +104.0% |
| 2 Bedrooms | $455K | $533.7K | +17.3% |
| 3 Bedrooms | $483.7K | $585K | +20.9% |
| 4 Bedrooms | $733.2K | $715K | -2.5% |
| 5+ Bedrooms | $797.3K | $440K | -44.8% |
Summary: 02817 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 104%, 2 bedroom homes increased by 17.3%, 3 bedroom homes increased by 20.9%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes decreased by 44.8%.
Housing Supply in 02817, RI
How many homes are available in 02817, RI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 15 | -25.0% |
Summary: The 02817 real estate market had 15 homes for sale in October 2024, a 25.0% decrease 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 11 | 9 | -18.2% |
| 4 Bedrooms | 6 | 3 | -50.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 02817 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 remained the same, 3 bedroom homes decreased by 18.2%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02817, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in 02817 in October 2024, down by 40.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for 02817, RI
How long does it take to sell a home in 02817, RI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 37 Days | 37 Days | +0.9% |
Summary: Homes in 02817 had an average of 37 days on market in Oct 2024, up by 0.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 02817 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in 02817; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
