$7,301 Closing Credit*
$614,800
2,964 SqFt
2 Beds
•2 Full Baths, 1 Partial
Listing Office: Realhome Services & Solutions
Is 02830, 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, 02830 has remained a Seller's Market.
Key Takeaway
02830 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 02830, RI
How much do homes in 02830, RI cost?
Median Sold Price
$428,000
$253/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$60,500(+16.5%)
Key Takeaway
Homes in 02830 have sold for 16.5% more than they did a year ago.
Summary: The median home sold price in 02830 was $428,000 in November 2024, up 16.5% from last year, and the median price per square foot was $253.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $83K | $199K | +139.8% |
| 2 Bedrooms | $242.3K | $385K | +58.9% |
| 3 Bedrooms | $400K | $445K | +11.3% |
| 4 Bedrooms | $419.2K | $491.1K | +17.1% |
| 5+ Bedrooms | $442.5K | $520K | +17.5% |
Summary: 02830 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 139.8%, 2 bedroom homes increased by 58.9%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 17.1%, and 5+ bedroom homes increased by 17.5%.
Median Sold Price Compared To Nearby Zip Codes
| 02830 | $367.5K | $428K | +16.5% |
| 02859 | $405K | $409.9K | +1.2% |
Housing Supply in 02830, RI
How many homes are available in 02830, RI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 19 | -24.0% |
Summary: The 02830 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 | 1 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 14 | 9 | -35.7% |
| 4 Bedrooms | 7 | 4 | -42.9% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The 02830 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 remained the same, 3 bedroom homes decreased by 35.7%, 4 bedroom homes decreased by 42.9%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 02830, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 02830 in November 2024, down by 16.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for 02830, RI
How long does it take to sell a home in 02830, RI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 15 Days | 26 Days | +73.5% |
Summary: Homes in 02830 had an average of 26 days on market in Nov 2024, up by 73.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 02830 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in 02830; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
