$2,482 Closing Credit*
$209,000
760 SqFt
2 Beds
•1 Full Bath
Listing Office: Keller Williams Leading Edge
Is 02865, 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, 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
$475,000
$264/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,100(+1.1%)
Key Takeaway
Homes in 02865 have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in 02865 was $475,000 in October 2024, up 1.1% from last year, and the median price per square foot was $264.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $138.5K | $138.5K | 0.0% |
| 2 Bedrooms | $349.9K | $424.9K | +21.4% |
| 3 Bedrooms | $474.6K | $547.5K | +15.4% |
| 4 Bedrooms | $662.5K | $685K | +3.4% |
| 5+ Bedrooms | $595K | $552.5K | -7.1% |
Summary: 02865 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 21.4%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes decreased by 7.1%.
Median Sold Price Compared To Nearby Zip Codes
| 02838 | $325.7K | $410K | +25.9% |
| 02863 | $422.5K | $465.5K | +10.2% |
| 02864 | $444K | $485.3K | +9.3% |
| 02865 | $469.9K | $475K | +1.1% |
Housing Supply in 02865, RI
How many homes are available in 02865, RI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 65 | 66 | +1.5% |
Summary: The 02865 real estate market had 66 homes for sale in October 2024, a 1.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 19 | 17 | -10.5% |
| 3 Bedrooms | 19 | 22 | +15.8% |
| 4 Bedrooms | 16 | 16 | 0.0% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The 02865 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 10.5%, 3 bedroom homes increased by 15.8%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 15 | -6.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02865, expect to pay close to the asking price. 46.7% of homes here sold near the asking price last month.
Summary: A total of 15 homes were sold or pending in 02865 in October 2024, down by 6.3% month-over-month. Of the 15 sold homes, 33% were sold under asking, 47% were sold at asking, and 20% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 20 Days | -25.1% |
Summary: Homes in 02865 had an average of 20 days on market in Oct 2024, down by 25.1% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 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 October 2024, 15 homes were sold in 02865; 73% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.