$3,858 Closing Credit*
$324,900
1,402 SqFt
3 Beds
•1 Full Bath
Listing Office: RE/MAX Preferred
Is 02898, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 02898 was a Seller's Market.
Key Takeaway
02898 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 02898, RI
How much do homes in 02898, RI cost?
Median Sold Price
$399,950
$254/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$52,450(+15.1%)
Key Takeaway
Homes in 02898 have sold for 15.1% more than they did a year ago.
Summary: The median home sold price in 02898 was $399,950 in October 2024, up 15.1% 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 | - | - | N/A |
| 2 Bedrooms | $320K | $346.2K | +8.2% |
| 3 Bedrooms | $426.8K | $450K | +5.4% |
| 4 Bedrooms | - | $430K | N/A |
| 5+ Bedrooms | $10.9M | - | N/A |
Summary: 02898 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 5.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 02832 | $425K | $549K | +29.2% |
| 02898 | $347.5K | $399.9K | +15.1% |
| 02892 | $525K | $485K | -7.6% |
Housing Supply in 02898, RI
How many homes are available in 02898, RI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 10 | +11.1% |
Summary: The 02898 real estate market had 10 homes for sale in October 2024, a 11.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 7 | 5 | -28.6% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 02898 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 100%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02898, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in 02898 in October 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for 02898, RI
How long does it take to sell a home in 02898, RI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 11 Days | 36 Days | +217.6% |
Summary: Homes in 02898 had an average of 36 days on market in Oct 2024, up by 217.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 02898 has remained consistent over time.
Summary: During October 2024, 1 homes were sold in 02898; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
