$6,886 Closing Credit*
$579,900
1,952 SqFt
3 Beds
•2 Full Baths, 1 Partial
Listing Office: Beacon Realty Group
Is 02896, 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, 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
$458,750
$261/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$16,750(+3.8%)
Key Takeaway
Homes in 02896 have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in 02896 was $458,750 in November 2024, up 3.8% from last year, and the median price per square foot was $261.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $415K | $370K | -10.8% |
| 2 Bedrooms | $424.9K | $410.8K | -3.3% |
| 3 Bedrooms | $450K | $455K | +1.1% |
| 4 Bedrooms | $485K | $660K | +36.1% |
| 5+ Bedrooms | $453K | $565K | +24.7% |
Summary: 02896 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.8%, 2 bedroom homes decreased by 3.3%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 36.1%, and 5+ bedroom homes increased by 24.7%.
Housing Supply in 02896, RI
How many homes are available in 02896, RI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 45 | 40 | -11.1% |
Summary: The 02896 real estate market had 40 homes for sale in November 2024, a 11.1% 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 | 12 | 10 | -16.7% |
| 3 Bedrooms | 17 | 17 | 0.0% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The 02896 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 16.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 10 | -16.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02896, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 02896 in November 2024, down by 16.7% month-over-month. Of the 10 sold homes, 50% were sold under asking, 10% were sold at asking, and 40% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 31 Days | 38 Days | +23.8% |
Summary: Homes in 02896 had an average of 38 days on market in Nov 2024, up by 23.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 02896 has remained consistent over time.
Summary: During November 2024, 10 homes were sold in 02896; 40% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
