$5,343 Closing Credit*
$449,900
1,634 SqFt
3 Beds
•1 Full Bath
Listing Office: Coldwell Banker Realty
Is 02886, 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, 02886 has remained a Seller's Market.
Key Takeaway
02886 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 02886, RI
How much do homes in 02886, RI cost?
Median Sold Price
$400,000
$270/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,000(+6.7%)
Key Takeaway
Homes in 02886 have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in 02886 was $400,000 in October 2024, up 6.7% from last year, and the median price per square foot was $270.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $213K | $229.9K | +7.9% |
| 2 Bedrooms | $320K | $345K | +7.8% |
| 3 Bedrooms | $389.5K | $410K | +5.3% |
| 4 Bedrooms | $447.5K | $492.5K | +10.1% |
| 5+ Bedrooms | $395.7K | $535K | +35.2% |
Summary: 02886 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.9%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes increased by 35.2%.
Housing Supply in 02886, RI
How many homes are available in 02886, RI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 103 | 99 | -3.9% |
Summary: The 02886 real estate market had 99 homes for sale in October 2024, a 3.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 22 | 24 | +9.1% |
| 3 Bedrooms | 60 | 57 | -5.0% |
| 4 Bedrooms | 14 | 15 | +7.1% |
| 5+ Bedrooms | 7 | 3 | -57.1% |
Summary: The 02886 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 9.1%, 3 bedroom homes decreased by 5%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 57.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 33 | +10.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02886, you could pay more than the asking price. 60.6% of homes here sold above asking price last month.
Summary: A total of 33 homes were sold or pending in 02886 in October 2024, up by 10.0% month-over-month. Of the 33 sold homes, 30% were sold under asking, 9% were sold at asking, and 61% were sold over asking.
Days on Market for 02886, RI
How long does it take to sell a home in 02886, RI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 22 Days | +13.5% |
Summary: Homes in 02886 had an average of 22 days on market in Oct 2024, up by 13.5% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 02886 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 33 homes were sold in 02886; 76% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
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