$7,480 Closing Credit*
$629,900
1,358 SqFt
3 Beds
•2 Full Baths, 1 Partial
Listing Office: Blue Star Properties
Is 02874, 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, 02874 has remained a Seller's Market.
Key Takeaway
02874 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 02874, RI
How much do homes in 02874, RI cost?
Median Sold Price
$755,000
$339/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$8,000(+1.1%)
Key Takeaway
Homes in 02874 have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in 02874 was $755,000 in October 2024, up 1.1% from last year, and the median price per square foot was $339.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $302.5K | $375K | +24.0% |
| 2 Bedrooms | $436K | $539K | +23.6% |
| 3 Bedrooms | $610K | $655K | +7.4% |
| 4 Bedrooms | $900.5K | $990K | +9.9% |
| 5+ Bedrooms | $1.5M | $1.1M | -26.9% |
Summary: 02874 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24%, 2 bedroom homes increased by 23.6%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes decreased by 26.9%.
Housing Supply in 02874, RI
How many homes are available in 02874, RI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 12 | -25.0% |
Summary: The 02874 real estate market had 12 homes for sale in October 2024, a 25.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 6 | 3 | -50.0% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 02874 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 100%, 3 bedroom homes decreased by 50%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02874, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in 02874 in October 2024, down by 16.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for 02874, RI
How long does it take to sell a home in 02874, RI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 51 Days | 45 Days | -13.2% |
Summary: Homes in 02874 had an average of 45 days on market in Oct 2024, down by 13.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 02874 has remained consistent over time.
Summary: During October 2024, 5 homes were sold in 02874; 20% of homes were sold within 30 days, 80% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
