$10,000 Closing Credit*
$949,000
6 Beds
•3 Full Baths
Listing Office: Compass
Is 02909, 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, 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
$435,666
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$30,000(+7.4%)
Key Takeaway
Homes in 02909 have sold for 7.4% more than they did a year ago.
Summary: The median home sold price in 02909 was $435,666 in October 2024, up 7.4% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $217.5K | $245K | +12.6% |
| 2 Bedrooms | $295K | $300K | +1.7% |
| 3 Bedrooms | $315K | $360K | +14.3% |
| 4 Bedrooms | $360K | $415K | +15.3% |
| 5+ Bedrooms | $492K | $580K | +17.9% |
Summary: 02909 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.6%, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 15.3%, and 5+ bedroom homes increased by 17.9%.
Housing Supply in 02909, RI
How many homes are available in 02909, RI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 79 | 77 | -2.5% |
Summary: The 02909 real estate market had 77 homes for sale in October 2024, a 2.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 10 | 9 | -10.0% |
| 3 Bedrooms | 15 | 17 | +13.3% |
| 4 Bedrooms | 18 | 12 | -33.3% |
| 5+ Bedrooms | 34 | 38 | +11.8% |
Summary: The 02909 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 13.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 11.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 17 | -22.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02909, you could pay more than the asking price. 52.9% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in 02909 in October 2024, down by 22.7% month-over-month. Of the 17 sold homes, 41% were sold under asking, 6% were sold at asking, and 53% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 35 Days | +122.2% |
Summary: Homes in 02909 had an average of 35 days on market in Oct 2024, up by 122.2% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 02909 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 17 homes were sold in 02909; 47% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
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