$2,730 Closing Credit*
$229,933
516 SqFt
1 Bed
•1 Full Bath
Listing Office: Century 21 Guardian Realty
Is 02893, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 02893 has remained a Seller's Market.
Key Takeaway
02893 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 02893, RI
How much do homes in 02893, RI cost?
Median Sold Price
$390,000
$243/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$50,000(+14.7%)
Key Takeaway
Homes in 02893 have sold for 14.7% more than they did a year ago.
Summary: The median home sold price in 02893 was $390,000 in November 2024, up 14.7% from last year, and the median price per square foot was $243.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $146.5K | $165K | +12.6% |
| 2 Bedrooms | $272K | $325K | +19.5% |
| 3 Bedrooms | $350K | $400K | +14.3% |
| 4 Bedrooms | $366.5K | $400K | +9.1% |
| 5+ Bedrooms | $419.2K | $467.5K | +11.5% |
Summary: 02893 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.6%, 2 bedroom homes increased by 19.5%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 11.5%.
Housing Supply in 02893, RI
How many homes are available in 02893, RI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 112 | 94 | -16.1% |
Summary: The 02893 real estate market had 94 homes for sale in November 2024, a 16.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 37 | 33 | -10.8% |
| 3 Bedrooms | 38 | 28 | -26.3% |
| 4 Bedrooms | 14 | 12 | -14.3% |
| 5+ Bedrooms | 22 | 20 | -9.1% |
Summary: The 02893 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10.8%, 3 bedroom homes decreased by 26.3%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 41 | 31 | -24.4% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02893, you could pay more than the asking price. 64.5% of homes here sold above asking price last month.
Summary: A total of 31 homes were sold or pending in 02893 in November 2024, down by 24.4% month-over-month. Of the 31 sold homes, 19% were sold under asking, 16% were sold at asking, and 65% were sold over asking.
Days on Market for 02893, RI
How long does it take to sell a home in 02893, RI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 28 Days | 21 Days | -25.3% |
Summary: Homes in 02893 had an average of 21 days on market in Nov 2024, down by 25.3% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 02893 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 31 homes were sold in 02893; 74% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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