$5,926 Closing Credit*
$499,000
3 Beds
•2 Full Baths
Listing Office: Redfin Corporation
Is 02908, 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, 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
$453,166
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$68,166(+17.7%)
Key Takeaway
Homes in 02908 have sold for 17.7% more than they did a year ago.
Summary: The median home sold price in 02908 was $453,166 in October 2024, up 17.7% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $179.5K | $340K | +89.4% |
| 2 Bedrooms | $310K | $339.2K | +9.4% |
| 3 Bedrooms | $345K | $390K | +13.0% |
| 4 Bedrooms | $384K | $430K | +12.0% |
| 5+ Bedrooms | $485K | $560K | +15.5% |
Summary: 02908 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 89.4%, 2 bedroom homes increased by 9.4%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 12%, and 5+ bedroom homes increased by 15.5%.
Housing Supply in 02908, RI
How many homes are available in 02908, RI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 99 | 108 | +9.1% |
Summary: The 02908 real estate market had 108 homes for sale in October 2024, a 9.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 10 | +42.9% |
| 3 Bedrooms | 38 | 40 | +5.3% |
| 4 Bedrooms | 18 | 17 | -5.6% |
| 5+ Bedrooms | 35 | 40 | +14.3% |
Summary: The 02908 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 42.9%, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 27 | -20.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02908, you could pay more than the asking price. 63% of homes here sold above asking price last month.
Summary: A total of 27 homes were sold or pending in 02908 in October 2024, down by 20.6% month-over-month. Of the 27 sold homes, 22% were sold under asking, 15% were sold at asking, and 63% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 23 Days | +39.5% |
Summary: Homes in 02908 had an average of 23 days on market in Oct 2024, up by 39.5% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
6 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 October 2024, 27 homes were sold in 02908; 74% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
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