$3,669 Closing Credit*
$309,000
1,318 SqFt
2 Beds
•2 Full Baths
Listing Office: Coldwell Banker Realty
Is 02895, 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, 02895 has remained a Seller's Market.
Key Takeaway
02895 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 02895, RI
How much do homes in 02895, RI cost?
Median Sold Price
$408,750
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$49,500(+13.8%)
Key Takeaway
Homes in 02895 have sold for 13.8% more than they did a year ago.
Summary: The median home sold price in 02895 was $408,750 in November 2024, up 13.8% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $235K | $250K | +6.4% |
| 2 Bedrooms | $280K | $320K | +14.3% |
| 3 Bedrooms | $349K | $377.5K | +8.2% |
| 4 Bedrooms | $355.8K | $425.1K | +19.5% |
| 5+ Bedrooms | $457.2K | $525K | +14.8% |
Summary: 02895 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.4%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 19.5%, and 5+ bedroom homes increased by 14.8%.
Housing Supply in 02895, RI
How many homes are available in 02895, RI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 148 | 136 | -8.1% |
Summary: The 02895 real estate market had 136 homes for sale in November 2024, a 8.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 15 | 13 | -13.3% |
| 3 Bedrooms | 54 | 50 | -7.4% |
| 4 Bedrooms | 29 | 23 | -20.7% |
| 5+ Bedrooms | 48 | 48 | 0.0% |
Summary: The 02895 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 13.3%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes decreased by 20.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 38 | +35.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02895, you could pay more than the asking price. 71.1% of homes here sold above asking price last month.
Summary: A total of 38 homes were sold or pending in 02895 in November 2024, up by 35.7% month-over-month. Of the 38 sold homes, 21% were sold under asking, 8% were sold at asking, and 71% were sold over asking.
Days on Market for 02895, RI
How long does it take to sell a home in 02895, RI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 21 Days | 18 Days | -13.3% |
Summary: Homes in 02895 had an average of 18 days on market in Nov 2024, down by 13.3% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 02895 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 38 homes were sold in 02895; 76% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
