$7,719 Closing Credit*
$650,000
5 Beds
•3 Full Baths
Listing Office: HomeSmart Professionals
Is 02906, 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, 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
$804,421
$401/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$102,921(+14.7%)
Key Takeaway
Homes in 02906 have sold for 14.7% more than they did a year ago.
Summary: The median home sold price in 02906 was $804,421 in October 2024, up 14.7% from last year, and the median price per square foot was $401.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $269K | $318.5K | +18.4% |
| 2 Bedrooms | $484K | $515K | +6.4% |
| 3 Bedrooms | $701K | $784K | +11.8% |
| 4 Bedrooms | $730K | $975K | +33.6% |
| 5+ Bedrooms | $827.5K | $1.0M | +31.4% |
Summary: 02906 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.4%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 33.6%, and 5+ bedroom homes increased by 31.4%.
Housing Supply in 02906, RI
How many homes are available in 02906, RI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 93 | 91 | -2.2% |
Summary: The 02906 real estate market had 91 homes for sale in October 2024, a 2.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 7 | +75.0% |
| 2 Bedrooms | 14 | 9 | -35.7% |
| 3 Bedrooms | 20 | 20 | 0.0% |
| 4 Bedrooms | 21 | 21 | 0.0% |
| 5+ Bedrooms | 34 | 34 | 0.0% |
Summary: The 02906 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 75%, 2 bedroom homes decreased by 35.7%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 27 | -6.9% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02906, you may be able to get a good deal. 40.7% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in 02906 in October 2024, down by 6.9% month-over-month. Of the 27 sold homes, 41% were sold under asking, 19% were sold at asking, and 41% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 39 Days | +69.8% |
Summary: Homes in 02906 had an average of 39 days on market in Oct 2024, up by 69.8% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 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 October 2024, 27 homes were sold in 02906; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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