$7,718 Closing Credit*
$649,900
2,500 SqFt
3 Beds
•2 Full Baths, 1 Partial
Listing Office: RISE REC
Is 02825, 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, 02825 was a Seller's Market.
Key Takeaway
02825 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 02825, RI
How much do homes in 02825, RI cost?
Median Sold Price
$465,000
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$26,000(-5.3%)
Key Takeaway
Homes in 02825 have sold for 5.3% less than they did a year ago.
Summary: The median home sold price in 02825 was $465,000 in October 2024, down 5.3% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $272.5K | $283.4K | +4.0% |
| 2 Bedrooms | $277.3K | $343.5K | +23.9% |
| 3 Bedrooms | $525K | $500K | -4.8% |
| 4 Bedrooms | $455K | $430K | -5.5% |
| 5+ Bedrooms | $486.5K | $602K | +23.7% |
Summary: 02825 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4%, 2 bedroom homes increased by 23.9%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes decreased by 5.5%, and 5+ bedroom homes increased by 23.7%.
Housing Supply in 02825, RI
How many homes are available in 02825, RI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 20 | +53.8% |
Summary: The 02825 real estate market had 20 homes for sale in October 2024, a 53.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 8 | 13 | +62.5% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 02825 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 increased by 62.5%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02825, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in 02825 in October 2024, the same as the previous month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 02825, RI
How long does it take to sell a home in 02825, RI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 36 Days | +59.7% |
Summary: Homes in 02825 had an average of 36 days on market in Oct 2024, up by 59.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 02825 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in 02825; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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