$3,561 Closing Credit*
$299,900
1,362 SqFt
2 Beds
•1 Full Bath
Listing Office: RE/MAX River's Edge
Is 02822, 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, 02822 has remained a Seller's Market.
Key Takeaway
02822 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 02822, RI
How much do homes in 02822, RI cost?
Median Sold Price
$579,000
$306/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$77,500(+15.5%)
Key Takeaway
Homes in 02822 have sold for 15.5% more than they did a year ago.
Summary: The median home sold price in 02822 was $579,000 in November 2024, up 15.5% from last year, and the median price per square foot was $306.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $365K | $325K | -11.0% |
| 2 Bedrooms | $477.5K | $561.4K | +17.6% |
| 3 Bedrooms | $514K | $562.5K | +9.4% |
| 4 Bedrooms | $551.7K | $780K | +41.4% |
| 5+ Bedrooms | - | - | N/A |
Summary: 02822 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11%, 2 bedroom homes increased by 17.6%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 41.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 02832 | $434.9K | $549K | +26.2% |
| 02822 | $501.5K | $579K | +15.5% |
| 02817 | $550K | $604K | +9.8% |
| 02892 | $524.9K | $497.5K | -5.2% |
Housing Supply in 02822, RI
How many homes are available in 02822, RI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 17 | -10.5% |
Summary: The 02822 real estate market had 17 homes for sale in November 2024, a 10.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 02822 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 20%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 0 | 4 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02822, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in 02822 in November 2024, up by 100.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for 02822, RI
How long does it take to sell a home in 02822, RI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 38 Days | 82 Days | +114.7% |
Summary: Homes in 02822 had an average of 82 days on market in Nov 2024, up by 114.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 02822 has remained consistent over time.
Summary: During November 2024, 4 homes were sold in 02822; 0% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
