$4,144 Closing Credit*
$349,000
945 SqFt
2 Beds
•2 Full Baths
Listing Office: Real Broker, LLC
Is 02904, 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, 02904 has remained a Seller's Market.
Key Takeaway
02904 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 02904, RI
How much do homes in 02904, RI cost?
Median Sold Price
$369,980
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$11,480(+3.2%)
Key Takeaway
Homes in 02904 have sold for 3.2% more than they did a year ago.
Summary: The median home sold price in 02904 was $369,980 in November 2024, up 3.2% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | $169.1K | -0.5% |
| 2 Bedrooms | $304.9K | $314.9K | +3.3% |
| 3 Bedrooms | $370K | $400K | +8.1% |
| 4 Bedrooms | $418.2K | $475K | +13.6% |
| 5+ Bedrooms | $485K | $560K | +15.5% |
Summary: 02904 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.5%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 15.5%.
Housing Supply in 02904, RI
How many homes are available in 02904, RI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 102 | 101 | -1.0% |
Summary: The 02904 real estate market had 101 homes for sale in November 2024, a 1.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 17 | +21.4% |
| 2 Bedrooms | 22 | 27 | +22.7% |
| 3 Bedrooms | 36 | 32 | -11.1% |
| 4 Bedrooms | 16 | 14 | -12.5% |
| 5+ Bedrooms | 14 | 11 | -21.4% |
Summary: The 02904 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 21.4%, 2 bedroom homes increased by 22.7%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 21.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 34 | 20 | -41.2% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02904, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 20 homes were sold or pending in 02904 in November 2024, down by 41.2% month-over-month. Of the 20 sold homes, 15% were sold under asking, 10% were sold at asking, and 75% were sold over asking.
Days on Market for 02904, RI
How long does it take to sell a home in 02904, RI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 33 Days | +30.6% |
Summary: Homes in 02904 had an average of 33 days on market in Nov 2024, up by 30.6% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 02904 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 20 homes were sold in 02904; 55% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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