$4,026 Closing Credit*
$339,000
1,728 SqFt
3 Beds
•1 Full Bath
Listing Office: Vicente Realty
Is 02860, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 02860 was a Seller's Market.
Key Takeaway
02860 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 02860, RI
How much do homes in 02860, RI cost?
Median Sold Price
$444,000
$241/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$50,666(+12.9%)
Key Takeaway
Homes in 02860 have sold for 12.9% more than they did a year ago.
Summary: The median home sold price in 02860 was $444,000 in November 2024, up 12.9% from last year, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $235K | $146.2K | -37.8% |
| 2 Bedrooms | $281.7K | $299K | +6.1% |
| 3 Bedrooms | $360K | $379.5K | +5.4% |
| 4 Bedrooms | $380K | $431K | +13.4% |
| 5+ Bedrooms | $490K | $575K | +17.3% |
Summary: 02860 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 37.8%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 13.4%, and 5+ bedroom homes increased by 17.3%.
Housing Supply in 02860, RI
How many homes are available in 02860, RI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 73 | 75 | +2.7% |
Summary: The 02860 real estate market had 75 homes for sale in November 2024, a 2.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 13 | 16 | +23.1% |
| 3 Bedrooms | 11 | 18 | +63.6% |
| 4 Bedrooms | 15 | 13 | -13.3% |
| 5+ Bedrooms | 31 | 25 | -19.4% |
Summary: The 02860 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 increased by 23.1%, 3 bedroom homes increased by 63.6%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes decreased by 19.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 10 | -61.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02860, you could pay more than the asking price. 90% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in 02860 in November 2024, down by 61.5% month-over-month. Of the 10 sold homes, 10% were sold under asking, 0% were sold at asking, and 90% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 16 Days | 20 Days | +23.4% |
Summary: Homes in 02860 had an average of 20 days on market in Nov 2024, up by 23.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 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 November 2024, 10 homes were sold in 02860; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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