$3,432 Closing Credit*
$289,000
1,588 SqFt
2 Beds
•1 Full Bath, 1 Partial
Listing Office: RE/MAX Preferred
Is 02904, 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, 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
$371,250
$235/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$22,375(+6.4%)
Key Takeaway
Homes in 02904 have sold for 6.4% more than they did a year ago.
Summary: The median home sold price in 02904 was $371,250 in October 2024, up 6.4% from last year, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | $170K | +6.3% |
| 2 Bedrooms | $290K | $310K | +6.9% |
| 3 Bedrooms | $365K | $405K | +11.0% |
| 4 Bedrooms | $413.3K | $475K | +14.9% |
| 5+ Bedrooms | $450K | $555K | +23.3% |
Summary: 02904 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.3%, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 11%, 4 bedroom homes increased by 14.9%, and 5+ bedroom homes increased by 23.3%.
Housing Supply in 02904, RI
How many homes are available in 02904, RI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 114 | 111 | -2.6% |
Summary: The 02904 real estate market had 111 homes for sale in October 2024, a 2.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 19 | 14 | -26.3% |
| 2 Bedrooms | 32 | 28 | -12.5% |
| 3 Bedrooms | 42 | 38 | -9.5% |
| 4 Bedrooms | 9 | 17 | +88.9% |
| 5+ Bedrooms | 12 | 14 | +16.7% |
Summary: The 02904 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 26.3%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 9.5%, 4 bedroom homes increased by 88.9%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 30 | -11.8% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02904, you could pay more than the asking price. 53.3% of homes here sold above asking price last month.
Summary: A total of 30 homes were sold or pending in 02904 in October 2024, down by 11.8% month-over-month. Of the 30 sold homes, 33% were sold under asking, 13% were sold at asking, and 53% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 36 Days | 33 Days | -8.0% |
Summary: Homes in 02904 had an average of 33 days on market in Oct 2024, down by 8% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
14 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 October 2024, 30 homes were sold in 02904; 50% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
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