$4,986 Closing Credit*
$419,900
1,250 SqFt
3 Beds
•1 Full Bath, 1 Partial
Listing Office: Century 21 The Seyboth Team
Is 02916, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, 02916 has remained a Seller's Market.
Key Takeaway
02916 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 02916, RI
How much do homes in 02916, RI cost?
Median Sold Price
$455,000
$272/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$15,000(+3.4%)
Key Takeaway
Homes in 02916 have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in 02916 was $455,000 in December 2024, up 3.4% from last year, and the median price per square foot was $272.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $190.7K | N/A |
| 2 Bedrooms | $362.5K | $350K | -3.4% |
| 3 Bedrooms | $449.5K | $480K | +6.8% |
| 4 Bedrooms | $467K | $562.4K | +20.4% |
| 5+ Bedrooms | $510K | $625K | +22.5% |
Summary: 02916 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.4%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 20.4%, and 5+ bedroom homes increased by 22.5%.
Housing Supply in 02916, RI
How many homes are available in 02916, RI?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 28 | 25 | -10.7% |
Summary: The 02916 real estate market had 25 homes for sale in December 2024, a 10.7% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 14 | 14 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The 02916 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02916, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 02916 in December 2024, the same as the previous month. Of the 9 sold homes, 56% were sold under asking, 11% were sold at asking, and 33% were sold over asking.
Days on Market for 02916, RI
How long does it take to sell a home in 02916, RI?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 27 Days | 24 Days | -8.2% |
Summary: Homes in 02916 had an average of 24 days on market in Dec 2024, down by 8.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 02916 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 9 homes were sold in 02916; 78% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
