$5,332 Closing Credit*
$449,000
2,716 SqFt
3 Beds
•1 Full Bath, 1 Partial
Listing Office: William Raveis Real Estate
Is 02857, 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, 02857 has remained a Seller's Market.
Key Takeaway
02857 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 02857, RI
How much do homes in 02857, RI cost?
Median Sold Price
$575,000
$266/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$150,000(+35.3%)
Key Takeaway
Homes in 02857 have sold for 35.3% more than they did a year ago.
Summary: The median home sold price in 02857 was $575,000 in November 2024, up 35.3% from last year, and the median price per square foot was $266.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $207K | - | N/A |
| 2 Bedrooms | $405K | $449.9K | +11.1% |
| 3 Bedrooms | $432.2K | $590K | +36.5% |
| 4 Bedrooms | $479.9K | $595K | +24.0% |
| 5+ Bedrooms | $650K | $900K | +38.5% |
Summary: 02857 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 11.1%, 3 bedroom homes increased by 36.5%, 4 bedroom homes increased by 24%, and 5+ bedroom homes increased by 38.5%.
Housing Supply in 02857, RI
How many homes are available in 02857, RI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 36 | 33 | -8.3% |
Summary: The 02857 real estate market had 33 homes for sale in November 2024, a 8.3% 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 | 4 | 3 | -25.0% |
| 3 Bedrooms | 24 | 22 | -8.3% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 02857 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 25%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02857, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in 02857 in November 2024, down by 25.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for 02857, RI
How long does it take to sell a home in 02857, RI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 54 Days | 36 Days | -32.1% |
Summary: Homes in 02857 had an average of 36 days on market in Nov 2024, down by 32.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 02857 has remained consistent over time.
Summary: During November 2024, 6 homes were sold in 02857; 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.
