$8,074 Closing Credit*
$679,900
1,322 SqFt
3 Beds
•2 Full Baths
Listing Office: Premier Homes Realty, LLC
Is 02831, 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, 02831 has remained a Seller's Market.
Key Takeaway
02831 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 02831, RI
How much do homes in 02831, RI cost?
Median Sold Price
$526,500
$255/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$126,500(+31.6%)
Key Takeaway
Homes in 02831 have sold for 31.6% more than they did a year ago.
Summary: The median home sold price in 02831 was $526,500 in November 2024, up 31.6% from last year, and the median price per square foot was $255.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $195K | - | N/A |
| 2 Bedrooms | $357K | $384.5K | +7.7% |
| 3 Bedrooms | $457K | $565K | +23.6% |
| 4 Bedrooms | $437.5K | $655K | +49.7% |
| 5+ Bedrooms | $487.5K | $419K | -14.1% |
Summary: 02831 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 23.6%, 4 bedroom homes increased by 49.7%, and 5+ bedroom homes decreased by 14.1%.
Housing Supply in 02831, RI
How many homes are available in 02831, RI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 17 | +30.8% |
Summary: The 02831 real estate market had 17 homes for sale in November 2024, a 30.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The 02831 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 increased by 100%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02831, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 02831 in November 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for 02831, RI
How long does it take to sell a home in 02831, RI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 99 Days | +305.1% |
Summary: Homes in 02831 had an average of 99 days on market in Nov 2024, up by 305.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 02831 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 3 homes were sold in 02831; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
