$2,995,000
3,924 SqFt
5 Beds
•4 Full Baths, 1 Partial
Listing Office: Mott & Chace Sotheby's Intl.
Is 02835, 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, 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
$1,087,500
$573/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$137,500(+14.5%)
Key Takeaway
Homes in 02835 have sold for 14.5% more than they did a year ago.
Summary: The median home sold price in 02835 was $1,087,500 in October 2024, up 14.5% from last year, and the median price per square foot was $573.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $635.7K | $500K | -21.4% |
| 2 Bedrooms | $796.6K | $850K | +6.7% |
| 3 Bedrooms | $980K | $1.1M | +12.2% |
| 4 Bedrooms | $1.1M | $1.4M | +17.2% |
| 5+ Bedrooms | $3.6M | $2.8M | -21.9% |
Summary: 02835 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.4%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 17.2%, and 5+ bedroom homes decreased by 21.9%.
Housing Supply in 02835, RI
How many homes are available in 02835, RI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 47 | 45 | -4.3% |
Summary: The 02835 real estate market had 45 homes for sale in October 2024, a 4.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 12 | 10 | -16.7% |
| 3 Bedrooms | 17 | 17 | 0.0% |
| 4 Bedrooms | 14 | 13 | -7.1% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 02835 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 10 | +66.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 02835, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 02835 in October 2024, up by 66.7% month-over-month. Of the 10 sold homes, 60% were sold under asking, 30% were sold at asking, and 10% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 85 Days | 43 Days | -49.5% |
Summary: Homes in 02835 had an average of 43 days on market in Oct 2024, down by 49.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 02835 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in 02835; 50% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
