$9,498 Closing Credit*
$799,800
2,905 SqFt
4 Beds
•3 Full Baths
Listing Office: Mott & Chace Sotheby's Intl.
Is 02879, 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, 02879 has remained a Seller's Market.
Key Takeaway
02879 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 02879, RI
How much do homes in 02879, RI cost?
Median Sold Price
$660,000
$377/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$80,000(+13.8%)
Key Takeaway
Homes in 02879 have sold for 13.8% more than they did a year ago.
Summary: The median home sold price in 02879 was $660,000 in October 2024, up 13.8% from last year, and the median price per square foot was $377.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $357.4K | $370K | +3.5% |
| 2 Bedrooms | $578K | $610.5K | +5.6% |
| 3 Bedrooms | $560K | $640K | +14.3% |
| 4 Bedrooms | $781K | $789K | +1.0% |
| 5+ Bedrooms | $965K | $800K | -17.1% |
Summary: 02879 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.5%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 1%, and 5+ bedroom homes decreased by 17.1%.
Housing Supply in 02879, RI
How many homes are available in 02879, RI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 98 | 103 | +5.1% |
Summary: The 02879 real estate market had 103 homes for sale in October 2024, a 5.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 8 | 0.0% |
| 2 Bedrooms | 29 | 27 | -6.9% |
| 3 Bedrooms | 31 | 39 | +25.8% |
| 4 Bedrooms | 19 | 21 | +10.5% |
| 5+ Bedrooms | 11 | 8 | -27.3% |
Summary: The 02879 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 decreased by 6.9%, 3 bedroom homes increased by 25.8%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes decreased by 27.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 30 | +42.9% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02879, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 30 homes were sold or pending in 02879 in October 2024, up by 42.9% month-over-month. Of the 30 sold homes, 40% were sold under asking, 23% were sold at asking, and 37% were sold over asking.
Days on Market for 02879, RI
How long does it take to sell a home in 02879, RI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 35 Days | +4.3% |
Summary: Homes in 02879 had an average of 35 days on market in Oct 2024, up by 4.3% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 02879 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 30 homes were sold in 02879; 57% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
