$4,738 Closing Credit*
$399,000
1,472 SqFt
3 Beds
•1 Full Bath, 1 Partial
Listing Office: RI Real Estate Services
Is 02915, 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, 02915 has remained a Seller's Market.
Key Takeaway
02915 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 02915, RI
How much do homes in 02915, RI cost?
Median Sold Price
$421,000
$287/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$37,875(+9.9%)
Key Takeaway
Homes in 02915 have sold for 9.9% more than they did a year ago.
Summary: The median home sold price in 02915 was $421,000 in October 2024, up 9.9% from last year, and the median price per square foot was $287.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $260K | $255K | -1.9% |
| 2 Bedrooms | $325K | $326.5K | 0.4% |
| 3 Bedrooms | $388.5K | $435K | +12.0% |
| 4 Bedrooms | $420K | $440K | +4.8% |
| 5+ Bedrooms | $536K | $538K | 0.4% |
Summary: 02915 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.9%, 2 bedroom homes increased by 0.4%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 0.4%.
Housing Supply in 02915, RI
How many homes are available in 02915, RI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 47 | 54 | +14.9% |
Summary: The 02915 real estate market had 54 homes for sale in October 2024, a 14.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 14 | 14 | 0.0% |
| 3 Bedrooms | 26 | 34 | +30.8% |
| 4 Bedrooms | 0 | 2 | +100.0% |
| 5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The 02915 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 30.8%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 14 | -22.2% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02915, you could pay more than the asking price. 64.3% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in 02915 in October 2024, down by 22.2% month-over-month. Of the 14 sold homes, 14% were sold under asking, 21% were sold at asking, and 64% were sold over asking.
Days on Market for 02915, RI
How long does it take to sell a home in 02915, RI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 21 Days | +23.9% |
Summary: Homes in 02915 had an average of 21 days on market in Oct 2024, up by 23.9% compared to last year.
Breakdown of Home Sale Times
11 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 02915 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 14 homes were sold in 02915; 79% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
