$5,580 Closing Credit*
$469,900
2,096 SqFt
5 Beds
•2 Full Baths
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 October 2023
At the same time last year, 02859 was a Buyer'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
$395,000
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$5,000(-1.3%)
Key Takeaway
Homes in 02859 have sold for 1.2% less than they did a year ago.
Summary: The median home sold price in 02859 was $395,000 in October 2024, down 1.3% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $230K | N/A |
| 2 Bedrooms | $329.5K | $340K | +3.2% |
| 3 Bedrooms | $410K | $447.5K | +9.1% |
| 4 Bedrooms | $420K | $395K | -6.0% |
| 5+ Bedrooms | $410K | $900K | +119.5% |
Summary: 02859 housing prices by bedroom type for October 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 9.1%, 4 bedroom homes decreased by 6%, and 5+ bedroom homes increased by 119.5%.
Housing Supply in 02859, RI
How many homes are available in 02859, RI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 21 | -4.5% |
Summary: The 02859 real estate market had 21 homes for sale in October 2024, a 4.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 9 | 6 | -33.3% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 02859 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 increased by 16.7%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02859, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in 02859 in October 2024, the same as the previous month. Of the 7 sold homes, 0% were sold under asking, 57% were sold at asking, and 43% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 11 Days | 16 Days | +40.4% |
Summary: Homes in 02859 had an average of 16 days on market in Oct 2024, up by 40.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was 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 October 2024, 7 homes were sold in 02859; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
