$3,146 Closing Credit*
$264,900
896 SqFt
2 Beds
•1 Full Bath
Listing Office: RE/MAX Properties
Is 02818, 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, 02818 has remained a Seller's Market.
Key Takeaway
02818 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 02818, RI
How much do homes in 02818, RI cost?
Median Sold Price
$692,666
$296/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$105,766(+18.0%)
Key Takeaway
Homes in 02818 have sold for 18% more than they did a year ago.
Summary: The median home sold price in 02818 was $692,666 in October 2024, up 18% from last year, and the median price per square foot was $296.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $295K | $267.5K | -9.3% |
| 2 Bedrooms | $449K | $512.5K | +14.1% |
| 3 Bedrooms | $556K | $605K | +8.8% |
| 4 Bedrooms | $779K | $944.9K | +21.3% |
| 5+ Bedrooms | $814.5K | $1.2M | +47.3% |
Summary: 02818 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.3%, 2 bedroom homes increased by 14.1%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 21.3%, and 5+ bedroom homes increased by 47.3%.
Housing Supply in 02818, RI
How many homes are available in 02818, RI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 97 | 95 | -2.1% |
Summary: The 02818 real estate market had 95 homes for sale in October 2024, a 2.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 5 | +66.7% |
| 2 Bedrooms | 26 | 17 | -34.6% |
| 3 Bedrooms | 28 | 34 | +21.4% |
| 4 Bedrooms | 29 | 30 | +3.4% |
| 5+ Bedrooms | 11 | 9 | -18.2% |
Summary: The 02818 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes decreased by 34.6%, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes decreased by 18.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 27 | +12.5% |
Asking Price vs. Sold Price
19 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 02818, you may be able to get a good deal. 70.4% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in 02818 in October 2024, up by 12.5% month-over-month. Of the 27 sold homes, 70% were sold under asking, 11% were sold at asking, and 19% were sold over asking.
Days on Market for 02818, RI
How long does it take to sell a home in 02818, RI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 40 Days | 38 Days | -7.0% |
Summary: Homes in 02818 had an average of 38 days on market in Oct 2024, down by 7% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 02818 has remained consistent over time.
Summary: During October 2024, 27 homes were sold in 02818; 41% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
