$7,719 Closing Credit*
$649,999
6 Beds
•2 Full Baths
Listing Office: Anchor Properties
Is 02909, 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, 02909 has remained a Seller's Market.
Key Takeaway
02909 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 02909, RI
How much do homes in 02909, RI cost?
Median Sold Price
$440,000
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$21,833(+5.2%)
Key Takeaway
Homes in 02909 have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in 02909 was $440,000 in November 2024, up 5.2% 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 | $217.5K | $220K | +1.1% |
| 2 Bedrooms | $290K | $305K | +5.2% |
| 3 Bedrooms | $327.5K | $360K | +9.9% |
| 4 Bedrooms | $376.5K | $425K | +12.9% |
| 5+ Bedrooms | $510K | $585K | +14.7% |
Summary: 02909 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.1%, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes increased by 14.7%.
Housing Supply in 02909, RI
How many homes are available in 02909, RI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 79 | 72 | -8.9% |
Summary: The 02909 real estate market had 72 homes for sale in November 2024, a 8.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 9 | 5 | -44.4% |
| 3 Bedrooms | 17 | 18 | +5.9% |
| 4 Bedrooms | 16 | 11 | -31.3% |
| 5+ Bedrooms | 35 | 37 | +5.7% |
Summary: The 02909 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 44.4%, 3 bedroom homes increased by 5.9%, 4 bedroom homes decreased by 31.3%, and 5+ bedroom homes increased by 5.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 13 | -27.8% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02909, you could pay more than the asking price. 61.5% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in 02909 in November 2024, down by 27.8% month-over-month. Of the 13 sold homes, 15% were sold under asking, 23% were sold at asking, and 62% were sold over asking.
Days on Market for 02909, RI
How long does it take to sell a home in 02909, RI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 23 Days | -7.2% |
Summary: Homes in 02909 had an average of 23 days on market in Nov 2024, down by 7.2% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 02909 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 13 homes were sold in 02909; 77% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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