$5,461 Closing Credit*
$459,900
1,758 SqFt
3 Beds
•2 Full Baths
Listing Office: SHAWOMET REALTY COMPANY
Is 02920, 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, 02920 has remained a Seller's Market.
Key Takeaway
02920 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 02920, RI
How much do homes in 02920, RI cost?
Median Sold Price
$430,000
$258/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$35,000(+8.9%)
Key Takeaway
Homes in 02920 have sold for 8.9% more than they did a year ago.
Summary: The median home sold price in 02920 was $430,000 in October 2024, up 8.9% from last year, and the median price per square foot was $258.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $213.5K | $180K | -15.7% |
| 2 Bedrooms | $349K | $360K | +3.2% |
| 3 Bedrooms | $400K | $435.5K | +8.9% |
| 4 Bedrooms | $425K | $475K | +11.8% |
| 5+ Bedrooms | $445K | $546.2K | +22.8% |
Summary: 02920 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.7%, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 22.8%.
Housing Supply in 02920, RI
How many homes are available in 02920, RI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 112 | 118 | +5.4% |
Summary: The 02920 real estate market had 118 homes for sale in October 2024, a 5.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 27 | 20 | -25.9% |
| 3 Bedrooms | 56 | 66 | +17.9% |
| 4 Bedrooms | 20 | 22 | +10.0% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The 02920 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 decreased by 25.9%, 3 bedroom homes increased by 17.9%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 34 | +17.2% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02920, you could pay more than the asking price. 55.9% of homes here sold above asking price last month.
Summary: A total of 34 homes were sold or pending in 02920 in October 2024, up by 17.2% month-over-month. Of the 34 sold homes, 29% were sold under asking, 15% were sold at asking, and 56% were sold over asking.
Days on Market for 02920, RI
How long does it take to sell a home in 02920, RI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 26 Days | +24.3% |
Summary: Homes in 02920 had an average of 26 days on market in Oct 2024, up by 24.3% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 02920 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 34 homes were sold in 02920; 56% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
