$4,928 Closing Credit*
$415,000
1,667 SqFt
3 Beds
•2 Full Baths
#73312101, Spectrum Real Estate Consultants, Listing Office: Keller Williams Realty Leading Edge
Is 02896, 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, 02896 has remained a Seller's Market.
Key Takeaway
02896 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 02896, RI
How much do homes in 02896, RI cost?
Median Sold Price
$454,900
$254/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$14,900(+3.4%)
Key Takeaway
Homes in 02896 have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in 02896 was $454,900 in October 2024, up 3.4% from last year, and the median price per square foot was $254.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $415K | $400K | -3.6% |
| 2 Bedrooms | $397K | $414.8K | +4.5% |
| 3 Bedrooms | $450K | $454.7K | +1.0% |
| 4 Bedrooms | $484K | $650K | +34.3% |
| 5+ Bedrooms | $451.5K | $556.2K | +23.2% |
Summary: 02896 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.6%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 34.3%, and 5+ bedroom homes increased by 23.2%.
Housing Supply in 02896, RI
How many homes are available in 02896, RI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 50 | 47 | -6.0% |
Summary: The 02896 real estate market had 47 homes for sale in October 2024, a 6.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 12 | +33.3% |
| 3 Bedrooms | 23 | 20 | -13.0% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The 02896 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 33.3%, 3 bedroom homes decreased by 13%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 11 | -31.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02896, you could pay more than the asking price. 63.6% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in 02896 in October 2024, down by 31.3% month-over-month. Of the 11 sold homes, 27% were sold under asking, 9% were sold at asking, and 64% were sold over asking.
Days on Market for 02896, RI
How long does it take to sell a home in 02896, RI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 15 Days | 14 Days | -7.2% |
Summary: Homes in 02896 had an average of 14 days on market in Oct 2024, down by 7.2% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 02896 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 11 homes were sold in 02896; 91% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
