$10,000 Closing Credit*
$848,000
2,964 SqFt
6 Beds
•3 Full Baths
#73320400, Tracy Shawcross, Listing Office: HomeSmart Professionals Real Estate
Is 02906, 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, 02906 has remained a Seller's Market.
Key Takeaway
02906 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 02906, RI
How much do homes in 02906, RI cost?
Median Sold Price
$814,166
$401/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$108,166(+15.3%)
Key Takeaway
Homes in 02906 have sold for 15.3% more than they did a year ago.
Summary: The median home sold price in 02906 was $814,166 in November 2024, up 15.3% from last year, and the median price per square foot was $401.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $277.5K | $312K | +12.4% |
| 2 Bedrooms | $482.5K | $505K | +4.7% |
| 3 Bedrooms | $701K | $784.5K | +11.9% |
| 4 Bedrooms | $790K | $910K | +15.2% |
| 5+ Bedrooms | $827.5K | $1.0M | +32.6% |
Summary: 02906 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.4%, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes increased by 32.6%.
Housing Supply in 02906, RI
How many homes are available in 02906, RI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 94 | 78 | -17.0% |
Summary: The 02906 real estate market had 78 homes for sale in November 2024, a 17.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 8 | 11 | +37.5% |
| 3 Bedrooms | 21 | 16 | -23.8% |
| 4 Bedrooms | 23 | 16 | -30.4% |
| 5+ Bedrooms | 37 | 30 | -18.9% |
Summary: The 02906 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 37.5%, 3 bedroom homes decreased by 23.8%, 4 bedroom homes decreased by 30.4%, and 5+ bedroom homes decreased by 18.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 26 | -7.1% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02906, you may be able to get a good deal. 57.7% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in 02906 in November 2024, down by 7.1% month-over-month. Of the 26 sold homes, 58% were sold under asking, 15% were sold at asking, and 27% were sold over asking.
Days on Market for 02906, RI
How long does it take to sell a home in 02906, RI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 28 Days | 18 Days | -37.2% |
Summary: Homes in 02906 had an average of 18 days on market in Nov 2024, down by 37.2% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 02906 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 26 homes were sold in 02906; 77% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
