$10,000 Closing Credit*
$989,900
2,821 SqFt
3 Beds
•2 Full Baths, 1 Partial
Listing Office: KREG Realty, LLC
Is 02874, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 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
$745,000
$339/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$40,000(-5.1%)
Key Takeaway
Homes in 02874 have sold for 5.1% less than they did a year ago.
Summary: The median home sold price in 02874 was $745,000 in December 2024, down 5.1% from last year, and the median price per square foot was $339.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $302.5K | $436K | +44.1% |
| 2 Bedrooms | $453.5K | $565K | +24.6% |
| 3 Bedrooms | $630K | $655K | +4.0% |
| 4 Bedrooms | $960K | $904K | -5.8% |
| 5+ Bedrooms | $1.5M | $1.2M | -18.6% |
Summary: 02874 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 44.1%, 2 bedroom homes increased by 24.6%, 3 bedroom homes increased by 4%, 4 bedroom homes decreased by 5.8%, and 5+ bedroom homes decreased by 18.6%.
Housing Supply in 02874, RI
How many homes are available in 02874, RI?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 13 | 8 | -38.5% |
Summary: The 02874 real estate market had 8 homes for sale in December 2024, a 38.5% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 3 | 1 | -66.7% |
| 3 Bedrooms | 4 | 3 | -25.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 02874 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 66.7%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02874, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in 02874 in December 2024, down by 40.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 25 Days | 40 Days | +62.7% |
Summary: Homes in 02874 had an average of 40 days on market in Dec 2024, up by 62.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 02874 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 3 homes were sold in 02874; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
