$5,688 Closing Credit*
$479,000
1,565 SqFt
4 Beds
•1 Full Bath, 1 Partial
Listing Office: Residential Properties Ltd.
Is 02908, 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, 02908 has remained a Seller's Market.
Key Takeaway
02908 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 02908, RI
How much do homes in 02908, RI cost?
Median Sold Price
$460,000
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$75,000(+19.5%)
Key Takeaway
Homes in 02908 have sold for 19.5% more than they did a year ago.
Summary: The median home sold price in 02908 was $460,000 in November 2024, up 19.5% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $179.5K | $340K | +89.4% |
| 2 Bedrooms | $312.5K | $336.4K | +7.6% |
| 3 Bedrooms | $350K | $385K | +10.0% |
| 4 Bedrooms | $382K | $440K | +15.2% |
| 5+ Bedrooms | $489.5K | $565K | +15.4% |
Summary: 02908 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 89.4%, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes increased by 15.4%.
Housing Supply in 02908, RI
How many homes are available in 02908, RI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 107 | 87 | -18.7% |
Summary: The 02908 real estate market had 87 homes for sale in November 2024, a 18.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 42 | 33 | -21.4% |
| 4 Bedrooms | 17 | 10 | -41.2% |
| 5+ Bedrooms | 40 | 36 | -10.0% |
Summary: The 02908 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 remained the same, 3 bedroom homes decreased by 21.4%, 4 bedroom homes decreased by 41.2%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 27 | -3.6% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02908, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.
Summary: A total of 27 homes were sold or pending in 02908 in November 2024, down by 3.6% month-over-month. Of the 27 sold homes, 33% were sold under asking, 22% were sold at asking, and 44% were sold over asking.
Days on Market for 02908, RI
How long does it take to sell a home in 02908, RI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 20 Days | 30 Days | +43.6% |
Summary: Homes in 02908 had an average of 30 days on market in Nov 2024, up by 43.6% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 02908 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 27 homes were sold in 02908; 52% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
