$3,741 Closing Credit*
$315,000
725 SqFt
1 Bed
•1 Full Bath
Listing Office: Mott & Chace Sotheby's Intl.
Is 02903, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 02903 was a Seller's Market.
Key Takeaway
02903 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 02903, RI
How much do homes in 02903, RI cost?
Median Sold Price
$487,500
$462/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$17,600(+3.7%)
Key Takeaway
Homes in 02903 have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in 02903 was $487,500 in November 2024, up 3.7% from last year, and the median price per square foot was $462.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $330K | $335.5K | +1.7% |
| 2 Bedrooms | $556.5K | $520K | -6.6% |
| 3 Bedrooms | $469.9K | $727.5K | +54.8% |
| 4 Bedrooms | $495K | $602.5K | +21.7% |
| 5+ Bedrooms | $699K | $678K | -3.0% |
Summary: 02903 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.7%, 2 bedroom homes decreased by 6.6%, 3 bedroom homes increased by 54.8%, 4 bedroom homes increased by 21.7%, and 5+ bedroom homes decreased by 3%.
Housing Supply in 02903, RI
How many homes are available in 02903, RI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 45 | 49 | +8.9% |
Summary: The 02903 real estate market had 49 homes for sale in November 2024, a 8.9% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 16 | 16 | 0.0% |
| 2 Bedrooms | 12 | 20 | +66.7% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The 02903 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 increased by 66.7%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 7 | -22.2% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02903, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 02903 in November 2024, down by 22.2% month-over-month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 20 Days | 15 Days | -21.4% |
Summary: Homes in 02903 had an average of 15 days on market in Nov 2024, down by 21.4% compared to last year.
Breakdown of Home Sale Times
6 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 02903 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in 02903; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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