$10,000 Closing Credit*
$1,695,000
2,656 SqFt
4 Beds
•2 Full Baths, 1 Partial
Listing Office: Compass / Lila Delman Compass
Is 02882, 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, 02882 has remained a Seller's Market.
Key Takeaway
02882 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 02882, RI
How much do homes in 02882, RI cost?
Median Sold Price
$875,000
$515/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$112,500(+14.8%)
Key Takeaway
Homes in 02882 have sold for 14.8% more than they did a year ago.
Summary: The median home sold price in 02882 was $875,000 in December 2024, up 14.8% from last year, and the median price per square foot was $515.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $330K | $259.4K | -21.4% |
| 2 Bedrooms | $592.5K | $660K | +11.4% |
| 3 Bedrooms | $800K | $860K | +7.5% |
| 4 Bedrooms | $823.5K | $1.0M | +30.2% |
| 5+ Bedrooms | $1.2M | $1.0M | -16.0% |
Summary: 02882 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.4%, 2 bedroom homes increased by 11.4%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 30.2%, and 5+ bedroom homes decreased by 16%.
Housing Supply in 02882, RI
How many homes are available in 02882, RI?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 51 | 39 | -23.5% |
Summary: The 02882 real estate market had 39 homes for sale in December 2024, a 23.5% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 13 | 11 | -15.4% |
| 3 Bedrooms | 15 | 13 | -13.3% |
| 4 Bedrooms | 15 | 7 | -53.3% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The 02882 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 15.4%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes decreased by 53.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 14 | 7 | -50.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 02882, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 02882 in December 2024, down by 50.0% month-over-month. Of the 7 sold homes, 86% were sold under asking, 0% were sold at asking, and 14% were sold over asking.
Days on Market for 02882, RI
How long does it take to sell a home in 02882, RI?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 44 Days | 50 Days | +15.3% |
Summary: Homes in 02882 had an average of 50 days on market in Dec 2024, up by 15.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 02882 has remained consistent over time.
Summary: During December 2024, 7 homes were sold in 02882; 29% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
