$7,124 Closing Credit*
$599,900
7 Beds
•2 Full Baths
Listing Office: HomeSmart Professionals
Is 02838, 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, 02838 has remained a Seller's Market.
Key Takeaway
02838 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 02838, RI
How much do homes in 02838, RI cost?
Median Sold Price
$404,000
$263/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$44,000(+12.2%)
Key Takeaway
Homes in 02838 have sold for 12.2% more than they did a year ago.
Summary: The median home sold price in 02838 was $404,000 in November 2024, up 12.2% from last year, and the median price per square foot was $263.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $198K | - | N/A |
| 2 Bedrooms | $232.7K | $250K | +7.4% |
| 3 Bedrooms | $365K | $408K | +11.8% |
| 4 Bedrooms | $432.5K | $338.5K | -21.7% |
| 5+ Bedrooms | $465K | $500K | +7.5% |
Summary: 02838 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 7.4%, 3 bedroom homes increased by 11.8%, 4 bedroom homes decreased by 21.7%, and 5+ bedroom homes increased by 7.5%.
Housing Supply in 02838, RI
How many homes are available in 02838, RI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Summary: The 02838 real estate market had 4 homes for sale in November 2024, a 20.0% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 1 | 0 | -100.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 02838 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 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02838, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in 02838 in November 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 02838, RI
How long does it take to sell a home in 02838, RI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 33 Days | 14 Days | -58.5% |
Summary: Homes in 02838 had an average of 14 days on market in Nov 2024, down by 58.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 02838 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 1 homes were sold in 02838; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
