$2,672 Closing Credit*
$225,000
780 SqFt
2 Beds
•1 Full Bath
Listing Office: Diamond Hill Appraisal
Is 02838, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 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
$423,700
$303/sqft
Based on all homes sold in December 2024.
Difference Since Last Month
+$223,700(+111.9%)
Key Takeaway
Homes in 02838 have sold for 111.9% more than they did a month ago.
Summary: The median home sold price in 02838 was $423,700 in December 2024, up 111.9% from last month, and the median price per square foot was $303.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $297.5K | N/A |
| 3 Bedrooms | - | $549.9K | N/A |
| 4 Bedrooms | $200K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 02838 housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 02838, RI
How many homes are available in 02838, RI?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Summary: The 02838 real estate market had 5 homes for sale in December 2024, the same as November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 1 | 2 | +100.0% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 02838 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 increased by 100%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was 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. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 02838 in December 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% 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 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 14 Days | 42 Days | +203.6% |
Summary: Homes in 02838 had an average of 42 days on market in Dec 2024, up by 203.6% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was 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 December 2024, 2 homes were sold in 02838; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
