$3,086 Closing Credit*
$259,900
1,232 SqFt
2 Beds
•1 Full Bath, 1 Partial
Listing Office: Keller Williams Coastal
Is 02907, 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, 02907 has remained a Seller's Market.
Key Takeaway
02907 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 02907, RI
How much do homes in 02907, RI cost?
Median Sold Price
$427,500
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$2,500(+0.6%)
Key Takeaway
Homes in 02907 have sold for 0.6% more than they did a year ago.
Summary: The median home sold price in 02907 was $427,500 in October 2024, up 0.6% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | $225K | +40.6% |
| 2 Bedrooms | $270K | $250K | -7.4% |
| 3 Bedrooms | $340K | $358.4K | +5.4% |
| 4 Bedrooms | $350K | $397.5K | +13.6% |
| 5+ Bedrooms | $475K | $550K | +15.8% |
Summary: 02907 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 40.6%, 2 bedroom homes decreased by 7.4%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 15.8%.
Housing Supply in 02907, RI
How many homes are available in 02907, RI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 42 | 42 | 0.0% |
Summary: The 02907 real estate market had 42 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 5 | +150.0% |
| 3 Bedrooms | 7 | 10 | +42.9% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 25 | 20 | -20.0% |
Summary: The 02907 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 150%, 3 bedroom homes increased by 42.9%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 8 | -42.9% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02907, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 02907 in October 2024, down by 42.9% month-over-month. Of the 8 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% were sold over asking.
Days on Market for 02907, RI
How long does it take to sell a home in 02907, RI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 10 Days | 22 Days | +116.7% |
Summary: Homes in 02907 had an average of 22 days on market in Oct 2024, up by 116.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 02907 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in 02907; 63% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
