$3,147 Closing Credit*
$265,000
496 SqFt
1 Bed
•1 Full Bath
Listing Office: Ann O'Brien Realty
Is 02882, 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, 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
$865,000
$517/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$105,000(+13.8%)
Key Takeaway
Homes in 02882 have sold for 13.8% more than they did a year ago.
Summary: The median home sold price in 02882 was $865,000 in October 2024, up 13.8% from last year, and the median price per square foot was $517.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $330K | $279.9K | -15.2% |
| 2 Bedrooms | $590K | $685K | +16.1% |
| 3 Bedrooms | $800K | $879.5K | +9.9% |
| 4 Bedrooms | $825K | $969K | +17.5% |
| 5+ Bedrooms | $1.2M | $1.0M | -16.0% |
Summary: 02882 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.2%, 2 bedroom homes increased by 16.1%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 17.5%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 83 | 79 | -4.8% |
Summary: The 02882 real estate market had 79 homes for sale in October 2024, a 4.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 13 | 18 | +38.5% |
| 3 Bedrooms | 30 | 24 | -20.0% |
| 4 Bedrooms | 27 | 24 | -11.1% |
| 5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The 02882 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 38.5%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 19 | +5.6% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02882, you may be able to get a good deal. 57.9% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in 02882 in October 2024, up by 5.6% month-over-month. Of the 19 sold homes, 58% were sold under asking, 16% were sold at asking, and 26% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 42 Days | +120.2% |
Summary: Homes in 02882 had an average of 42 days on market in Oct 2024, up by 120.2% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 02882 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 19 homes were sold in 02882; 42% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
