$6,282 Closing Credit*
$529,000
960 SqFt
2 Beds
•1 Full Bath
Listing Office: Lila Delman Compass
Is 02835, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, 02835 has remained a Seller's Market.
Key Takeaway
02835 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 02835, RI
How much do homes in 02835, RI cost?
Median Sold Price
$1,150,000
$579/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$135,000(+13.3%)
Key Takeaway
Homes in 02835 have sold for 13.3% more than they did a year ago.
Summary: The median home sold price in 02835 was $1,150,000 in December 2024, up 13.3% from last year, and the median price per square foot was $579.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $722.5K | $500K | -30.8% |
| 2 Bedrooms | $834.3K | $850K | +1.9% |
| 3 Bedrooms | $1.1M | $950K | -13.6% |
| 4 Bedrooms | $1.3M | $1.3M | +2.3% |
| 5+ Bedrooms | $2.9M | $7.0M | +137.3% |
Summary: 02835 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 30.8%, 2 bedroom homes increased by 1.9%, 3 bedroom homes decreased by 13.6%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 137.3%.
Housing Supply in 02835, RI
How many homes are available in 02835, RI?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 29 | 23 | -20.7% |
Summary: The 02835 real estate market had 23 homes for sale in December 2024, a 20.7% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 11 | 9 | -18.2% |
| 4 Bedrooms | 10 | 6 | -40.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 02835 housing inventory by bedroom type for December 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 18.2%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02835, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 02835 in December 2024, down by 11.1% month-over-month. Of the 8 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.
Days on Market for 02835, RI
How long does it take to sell a home in 02835, RI?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 49 Days | 93 Days | +90.9% |
Summary: Homes in 02835 had an average of 93 days on market in Dec 2024, up by 90.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 02835 has remained consistent over time.
Summary: During December 2024, 8 homes were sold in 02835; 13% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
