$8,894 Closing Credit*
$749,000
8 Beds
•4 Full Baths
Listing Office: Coldwell Banker Realty
Is 02860, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 02860 has remained a Seller's Market.
Key Takeaway
02860 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 02860, RI
How much do homes in 02860, RI cost?
Median Sold Price
$443,000
$242/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$56,000(+14.5%)
Key Takeaway
Homes in 02860 have sold for 14.5% more than they did a year ago.
Summary: The median home sold price in 02860 was $443,000 in October 2024, up 14.5% from last year, and the median price per square foot was $242.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $235K | $140K | -40.4% |
| 2 Bedrooms | $270K | $292K | +8.1% |
| 3 Bedrooms | $355K | $383.2K | +8.0% |
| 4 Bedrooms | $381K | $431K | +13.1% |
| 5+ Bedrooms | $485K | $550K | +13.4% |
Summary: 02860 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 40.4%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes increased by 13.4%.
Housing Supply in 02860, RI
How many homes are available in 02860, RI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 76 | 80 | +5.3% |
Summary: The 02860 real estate market had 80 homes for sale in October 2024, a 5.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 16 | 13 | -18.8% |
| 3 Bedrooms | 14 | 15 | +7.1% |
| 4 Bedrooms | 14 | 17 | +21.4% |
| 5+ Bedrooms | 31 | 32 | +3.2% |
Summary: The 02860 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes decreased by 18.8%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes increased by 3.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 24 | +4.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02860, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 24 homes were sold or pending in 02860 in October 2024, up by 4.3% month-over-month. Of the 24 sold homes, 33% were sold under asking, 4% were sold at asking, and 63% were sold over asking.
Days on Market for 02860, RI
How long does it take to sell a home in 02860, RI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 20 Days | +8.8% |
Summary: Homes in 02860 had an average of 20 days on market in Oct 2024, up by 8.8% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 02860 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 24 homes were sold in 02860; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
