$10,000 Closing Credit*
$1,100,000
3,600 SqFt
3 Beds
•3 Full Baths
Listing Office: Frank Simonelli Properties
Is 02828, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$502,000
$272/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$132,000(+35.7%)
Key Takeaway
Homes in 02828 have sold for 35.7% more than they did a year ago.
Summary: The median home sold price in 02828 was $502,000 in October 2024, up 35.7% from last year, and the median price per square foot was $272.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $195K | $148K | -24.1% |
| 2 Bedrooms | $331.7K | $372.5K | +12.3% |
| 3 Bedrooms | $445K | $525K | +18.0% |
| 4 Bedrooms | $520K | $592.5K | +13.9% |
| 5+ Bedrooms | $495.2K | $700K | +41.3% |
Summary: 02828 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.1%, 2 bedroom homes increased by 12.3%, 3 bedroom homes increased by 18%, 4 bedroom homes increased by 13.9%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 23 | -8.0% |
Summary: The 02828 real estate market had 23 homes for sale in October 2024, a 8.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 13 | 9 | -30.8% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 02828 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 66.7%, 3 bedroom homes decreased by 30.8%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 9 | +28.6% |
Asking Price vs. Sold Price
4 Homes Were 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 may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 02828 in October 2024, up by 28.6% month-over-month. Of the 9 sold homes, 44% were sold under asking, 11% were sold at asking, and 44% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 21 Days | -20.7% |
Summary: Homes in 02828 had an average of 21 days on market in Oct 2024, down by 20.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 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 October 2024, 9 homes were sold in 02828; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
