$75,000
0.60 Acres
Land
Listing Office: Coldwell Banker Realty
Is 02859, 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, 02859 has remained a Seller's Market.
Key Takeaway
02859 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 02859, RI
How much do homes in 02859, RI cost?
Median Sold Price
$409,999
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$4,999(+1.2%)
Key Takeaway
Homes in 02859 have sold for 1.2% more than they did a year ago.
Summary: The median home sold price in 02859 was $409,999 in November 2024, up 1.2% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $230K | N/A |
| 2 Bedrooms | $329.5K | $340K | +3.2% |
| 3 Bedrooms | $415K | $450K | +8.4% |
| 4 Bedrooms | $420K | $420K | 0.0% |
| 5+ Bedrooms | $410K | $625K | +52.4% |
Summary: 02859 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 3.2%, 3 bedroom homes increased by 8.4%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 52.4%.
Housing Supply in 02859, RI
How many homes are available in 02859, RI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 16 | -15.8% |
Summary: The 02859 real estate market had 16 homes for sale in November 2024, a 15.8% 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 | 6 | 4 | -33.3% |
| 3 Bedrooms | 6 | 3 | -50.0% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 02859 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 33.3%, 3 bedroom homes decreased by 50%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 3 | -57.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 02859, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 02859 in November 2024, down by 57.1% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for 02859, RI
How long does it take to sell a home in 02859, RI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 57 Days | 13 Days | -77.2% |
Summary: Homes in 02859 had an average of 13 days on market in Nov 2024, down by 77.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 02859 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in 02859; 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.
