$4,619 Closing Credit*
$389,000
1,042 SqFt
4 Beds
•1 Full Bath
Listing Office: Williams & Stuart Real Estate
Is 02893, 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, 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
$389,675
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$49,675(+14.6%)
Key Takeaway
Homes in 02893 have sold for 14.6% more than they did a year ago.
Summary: The median home sold price in 02893 was $389,675 in October 2024, up 14.6% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140K | $177.4K | +26.8% |
| 2 Bedrooms | $275K | $323K | +17.5% |
| 3 Bedrooms | $350K | $399.9K | +14.3% |
| 4 Bedrooms | $372.5K | $400K | +7.4% |
| 5+ Bedrooms | $408.5K | $460K | +12.6% |
Summary: 02893 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.8%, 2 bedroom homes increased by 17.5%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 12.6%.
Housing Supply in 02893, RI
How many homes are available in 02893, RI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 123 | 105 | -14.6% |
Summary: The 02893 real estate market had 105 homes for sale in October 2024, a 14.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 1 | -66.7% |
| 2 Bedrooms | 41 | 36 | -12.2% |
| 3 Bedrooms | 46 | 37 | -19.6% |
| 4 Bedrooms | 16 | 12 | -25.0% |
| 5+ Bedrooms | 17 | 19 | +11.8% |
Summary: The 02893 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes decreased by 12.2%, 3 bedroom homes decreased by 19.6%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 11.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 38 | 35 | -7.9% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02893, you could pay more than the asking price. 68.6% of homes here sold above asking price last month.
Summary: A total of 35 homes were sold or pending in 02893 in October 2024, down by 7.9% month-over-month. Of the 35 sold homes, 11% were sold under asking, 20% were sold at asking, and 69% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 34 Days | +88.5% |
Summary: Homes in 02893 had an average of 34 days on market in Oct 2024, up by 88.5% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 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 October 2024, 35 homes were sold in 02893; 77% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.