$6,293 Closing Credit*
$529,900
2,940 SqFt
3 Beds
•2 Full Baths
Listing Office: William Raveis Inspire
Is 02828, 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, 02828 has remained a Seller's Market.
Key Takeaway
02828 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 02828, RI
How much do homes in 02828, RI cost?
Median Sold Price
$505,000
$269/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$125,000(+32.9%)
Key Takeaway
Homes in 02828 have sold for 32.9% more than they did a year ago.
Summary: The median home sold price in 02828 was $505,000 in November 2024, up 32.9% from last year, and the median price per square foot was $269.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $220K | $148K | -32.7% |
| 2 Bedrooms | $329.9K | $385K | +16.7% |
| 3 Bedrooms | $459K | $527.5K | +14.9% |
| 4 Bedrooms | $510K | $600K | +17.6% |
| 5+ Bedrooms | $495.2K | $700K | +41.3% |
Summary: 02828 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 32.7%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 14.9%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 41.3%.
Housing Supply in 02828, RI
How many homes are available in 02828, RI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 19 | -24.0% |
Summary: The 02828 real estate market had 19 homes for sale in November 2024, a 24.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 13 | 9 | -30.8% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 02828 housing inventory by bedroom type for November 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 30.8%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 6 | -40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02828, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in 02828 in November 2024, down by 40.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 17% were sold at asking, and 67% were sold over asking.
Days on Market for 02828, RI
How long does it take to sell a home in 02828, RI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 32 Days | 12 Days | -61.6% |
Summary: Homes in 02828 had an average of 12 days on market in Nov 2024, down by 61.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 02828 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in 02828; 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.
