$5,225 Closing Credit*
$440,000
1,950 SqFt
3 Beds
•1 Full Bath
Listing Office: Residential Properties Ltd.
Is 02914, 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, 02914 has remained a Seller's Market.
Key Takeaway
02914 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 02914, RI
How much do homes in 02914, RI cost?
Median Sold Price
$412,000
$244/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$32,000(+8.4%)
Key Takeaway
Homes in 02914 have sold for 8.4% more than they did a year ago.
Summary: The median home sold price in 02914 was $412,000 in October 2024, up 8.4% from last year, and the median price per square foot was $244.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $275K | N/A |
| 2 Bedrooms | $330K | $320K | -3.0% |
| 3 Bedrooms | $373K | $389.9K | +4.5% |
| 4 Bedrooms | $390K | $467K | +19.7% |
| 5+ Bedrooms | $467.5K | $535K | +14.4% |
Summary: 02914 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 19.7%, and 5+ bedroom homes increased by 14.4%.
Housing Supply in 02914, RI
How many homes are available in 02914, RI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 52 | 64 | +23.1% |
Summary: The 02914 real estate market had 64 homes for sale in October 2024, a 23.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 11 | +22.2% |
| 3 Bedrooms | 18 | 23 | +27.8% |
| 4 Bedrooms | 19 | 22 | +15.8% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The 02914 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 22.2%, 3 bedroom homes increased by 27.8%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 17 | +30.8% |
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 02914, 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 02914 in October 2024, up by 30.8% 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 02914, RI
How long does it take to sell a home in 02914, RI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 28 Days | +58.6% |
Summary: Homes in 02914 had an average of 28 days on market in Oct 2024, up by 58.6% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 02914 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 17 homes were sold in 02914; 65% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
