$5,936 Closing Credit*
$499,900
1,266 SqFt
2 Beds
•2 Full Baths
Listing Office: RE/MAX River's Edge
Is 02903, 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, 02903 has remained a Seller's Market.
Key Takeaway
02903 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 02903, RI
How much do homes in 02903, RI cost?
Median Sold Price
$483,500
$459/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$13,600(+2.9%)
Key Takeaway
Homes in 02903 have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in 02903 was $483,500 in October 2024, up 2.9% from last year, and the median price per square foot was $459.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $328.5K | $331.2K | +0.8% |
| 2 Bedrooms | $556.5K | $537.5K | -3.4% |
| 3 Bedrooms | $469.9K | $483.5K | +2.9% |
| 4 Bedrooms | $607.5K | $505K | -16.9% |
| 5+ Bedrooms | $714K | $678K | -5.0% |
Summary: 02903 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.8%, 2 bedroom homes decreased by 3.4%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 16.9%, and 5+ bedroom homes decreased by 5%.
Housing Supply in 02903, RI
How many homes are available in 02903, RI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 44 | 49 | +11.4% |
Summary: The 02903 real estate market had 49 homes for sale in October 2024, a 11.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 15 | 14 | -6.7% |
| 2 Bedrooms | 13 | 17 | +30.8% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The 02903 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 6.7%, 2 bedroom homes increased by 30.8%, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 9 | +50.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 02903, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 02903 in October 2024, up by 50.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 33% were sold at asking, and 11% were sold over asking.
Days on Market for 02903, RI
How long does it take to sell a home in 02903, RI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 40 Days | +51.7% |
Summary: Homes in 02903 had an average of 40 days on market in Oct 2024, up by 51.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 02903 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in 02903; 44% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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