$2,957 Closing Credit*
$249,000
935 SqFt
2 Beds
•1 Full Bath
Listing Office: HERE Realty
Is 02865, 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, 02865 has remained a Seller's Market.
Key Takeaway
02865 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 02865, RI
How much do homes in 02865, RI cost?
Median Sold Price
$489,900
$266/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,000(+4.3%)
Key Takeaway
Homes in 02865 have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in 02865 was $489,900 in November 2024, up 4.3% 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 | $138K | $139K | +0.7% |
| 2 Bedrooms | $355K | $429.9K | +21.1% |
| 3 Bedrooms | $475K | $535K | +12.6% |
| 4 Bedrooms | $655K | $667.5K | +1.9% |
| 5+ Bedrooms | $580K | $555K | -4.3% |
Summary: 02865 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.7%, 2 bedroom homes increased by 21.1%, 3 bedroom homes increased by 12.6%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes decreased by 4.3%.
Median Sold Price Compared To Nearby Zip Codes
| 02864 | $441K | $500K | +13.4% |
| 02838 | $360K | $404K | +12.2% |
| 02863 | $432.5K | $466K | +7.7% |
| 02865 | $469.9K | $489.9K | +4.3% |
Housing Supply in 02865, RI
How many homes are available in 02865, RI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 74 | 69 | -6.8% |
Summary: The 02865 real estate market had 69 homes for sale in November 2024, a 6.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 0 | -100.0% |
| 2 Bedrooms | 24 | 20 | -16.7% |
| 3 Bedrooms | 21 | 24 | +14.3% |
| 4 Bedrooms | 17 | 17 | 0.0% |
| 5+ Bedrooms | 10 | 8 | -20.0% |
Summary: The 02865 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 23 | +15.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02865, expect to pay close to the asking price. 39.1% of homes here sold near the asking price last month.
Summary: A total of 23 homes were sold or pending in 02865 in November 2024, up by 15.0% month-over-month. Of the 23 sold homes, 26% were sold under asking, 39% were sold at asking, and 35% were sold over asking.
Days on Market for 02865, RI
How long does it take to sell a home in 02865, RI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 27 Days | 22 Days | -16.8% |
Summary: Homes in 02865 had an average of 22 days on market in Nov 2024, down by 16.8% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 02865 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 23 homes were sold in 02865; 65% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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