$3,799 Closing Credit*
$319,900
1,491 SqFt
3 Beds
•2 Full Baths
Listing Office: RE/MAX River's Edge
Is 02914, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 02914 was a Seller's Market.
Key Takeaway
02914 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 02914, RI
How much do homes in 02914, RI cost?
Median Sold Price
$417,500
$247/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$37,500(+9.9%)
Key Takeaway
Homes in 02914 have sold for 9.9% more than they did a year ago.
Summary: The median home sold price in 02914 was $417,500 in November 2024, up 9.9% from last year, and the median price per square foot was $247.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $275K | N/A |
| 2 Bedrooms | $320K | $355K | +10.9% |
| 3 Bedrooms | $375K | $400K | +6.7% |
| 4 Bedrooms | $399K | $470K | +17.8% |
| 5+ Bedrooms | $480K | $537.5K | +12.0% |
Summary: 02914 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.9%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 17.8%, and 5+ bedroom homes increased by 12%.
Housing Supply in 02914, RI
How many homes are available in 02914, RI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 65 | 59 | -9.2% |
Summary: The 02914 real estate market had 59 homes for sale in November 2024, a 9.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 13 | 8 | -38.5% |
| 3 Bedrooms | 22 | 24 | +9.1% |
| 4 Bedrooms | 23 | 23 | 0.0% |
| 5+ Bedrooms | 7 | 3 | -57.1% |
Summary: The 02914 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 38.5%, 3 bedroom homes increased by 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 57.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 8 | -55.6% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02914, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in 02914 in November 2024, down by 55.6% month-over-month. Of the 8 sold homes, 13% were sold under asking, 13% were sold at asking, and 75% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 20 Days | 31 Days | +56.8% |
Summary: Homes in 02914 had an average of 31 days on market in Nov 2024, up by 56.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 02914 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in 02914; 63% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
