$1,780 Closing Credit*
$149,900
400 SqFt
2 Beds
•1 Full Bath
Listing Office: Real Broker, LLC
Is 02832, 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, 02832 has remained a Seller's Market.
Key Takeaway
02832 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 02832, RI
How much do homes in 02832, RI cost?
Median Sold Price
$549,000
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$114,050(+26.2%)
Key Takeaway
Homes in 02832 have sold for 26.2% more than they did a year ago.
Summary: The median home sold price in 02832 was $549,000 in November 2024, up 26.2% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $71.7K | - | N/A |
| 2 Bedrooms | $345K | $555K | +60.9% |
| 3 Bedrooms | $465K | $520K | +11.8% |
| 4 Bedrooms | $540K | $645K | +19.4% |
| 5+ Bedrooms | $208K | $635K | +205.3% |
Summary: 02832 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 60.9%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 19.4%, and 5+ bedroom homes increased by 205.3%.
Housing Supply in 02832, RI
How many homes are available in 02832, RI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 13 | -23.5% |
Summary: The 02832 real estate market had 13 homes for sale in November 2024, a 23.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 3 | -40.0% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 02832 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 decreased by 40%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
2 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 02832, 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 02832 in November 2024, down by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for 02832, RI
How long does it take to sell a home in 02832, RI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 44 Days | +100.0% |
Summary: Homes in 02832 had an average of 44 days on market in Nov 2024, up by 100% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 02832 has remained consistent over time.
Summary: During November 2024, 3 homes were sold in 02832; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
