$4,453 Closing Credit*
$375,000
1,073 SqFt
3 Beds
•1 Full Bath
Listing Office: RE/MAX Town & Country
Is 02895, 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, 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
$404,062
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$49,129(+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 $404,062 in October 2024, up 13.8% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $235K | $220K | -6.4% |
| 2 Bedrooms | $275K | $320K | +16.4% |
| 3 Bedrooms | $349K | $370K | +6.0% |
| 4 Bedrooms | $350K | $427.5K | +22.2% |
| 5+ Bedrooms | $446K | $525K | +17.7% |
Summary: 02895 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.4%, 2 bedroom homes increased by 16.4%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 17.7%.
Housing Supply in 02895, RI
How many homes are available in 02895, RI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 117 | 140 | +19.7% |
Summary: The 02895 real estate market had 140 homes for sale in October 2024, a 19.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 7 | -12.5% |
| 2 Bedrooms | 15 | 12 | -20.0% |
| 3 Bedrooms | 35 | 55 | +57.1% |
| 4 Bedrooms | 20 | 24 | +20.0% |
| 5+ Bedrooms | 39 | 42 | +7.7% |
Summary: The 02895 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 57.1%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 30 | +11.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02895, you could pay more than the asking price. 73.3% of homes here sold above asking price last month.
Summary: A total of 30 homes were sold or pending in 02895 in October 2024, up by 11.1% month-over-month. Of the 30 sold homes, 10% were sold under asking, 17% were sold at asking, and 73% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 23 Days | +3.6% |
Summary: Homes in 02895 had an average of 23 days on market in Oct 2024, up by 3.6% compared to last year.
Breakdown of Home Sale Times
22 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 02895 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 30 homes were sold in 02895; 73% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
