$5,936 Closing Credit*
$499,900
1,000 SqFt
3 Beds
•1 Full Bath
Listing Office: RE/MAX Professionals
Is 02818, 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, 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
$680,000
$301/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$84,033(+14.1%)
Key Takeaway
Homes in 02818 have sold for 14.1% more than they did a year ago.
Summary: The median home sold price in 02818 was $680,000 in November 2024, up 14.1% from last year, and the median price per square foot was $301.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $245K | $288.7K | +17.9% |
| 2 Bedrooms | $451K | $499K | +10.6% |
| 3 Bedrooms | $540K | $600K | +11.1% |
| 4 Bedrooms | $800K | $920K | +15.0% |
| 5+ Bedrooms | $814.5K | $1.2M | +47.3% |
Summary: 02818 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.9%, 2 bedroom homes increased by 10.6%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 15%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 94 | 83 | -11.7% |
Summary: The 02818 real estate market had 83 homes for sale in November 2024, a 11.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 18 | 14 | -22.2% |
| 3 Bedrooms | 34 | 29 | -14.7% |
| 4 Bedrooms | 31 | 27 | -12.9% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The 02818 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 22.2%, 3 bedroom homes decreased by 14.7%, 4 bedroom homes decreased by 12.9%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 25 | -10.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02818, you may be able to get a good deal. 44% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in 02818 in November 2024, down by 10.7% month-over-month. Of the 25 sold homes, 44% were sold under asking, 16% were sold at asking, and 40% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 34 Days | 29 Days | -13.5% |
Summary: Homes in 02818 had an average of 29 days on market in Nov 2024, down by 13.5% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 02818 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 25 homes were sold in 02818; 52% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
