$5,936 Closing Credit*
$499,900
1,806 SqFt
3 Beds
•2 Full Baths, 1 Partial
Listing Office: Coldwell Banker Realty
Is 02827, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 02827 has remained a Seller's Market.
Key Takeaway
02827 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 02827, RI
How much do homes in 02827, RI cost?
Median Sold Price
$710,000
$190/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$110,100(+18.4%)
Key Takeaway
Homes in 02827 have sold for 18.4% more than they did a month ago.
Summary: The median home sold price in 02827 was $710,000 in October 2024, up 18.4% from last month, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $260K | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $599.9K | $710K | +18.4% |
| 4 Bedrooms | $819.9K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 02827 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 18.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 02827, RI
How many homes are available in 02827, RI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Summary: The 02827 real estate market had 5 homes for sale in October 2024, a 28.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 3 | -25.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 02827 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 02827, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in 02827 in October 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 02827, RI
How long does it take to sell a home in 02827, RI?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 Days | 11 Days | -73.0% |
Summary: Homes in 02827 had an average of 11 days on market in Oct 2024, down by 73% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 02827 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in 02827; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
