$4,749 Closing Credit*
$399,900
1,209 SqFt
4 Beds
•2 Full Baths
Listing Office: The Premium Group Real Estate
Is 02920, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$256/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$34,500(+8.7%)
Key Takeaway
Homes in 02920 have sold for 8.7% more than they did a year ago.
Summary: The median home sold price in 02920 was $430,000 in November 2024, up 8.7% from last year, and the median price per square foot was $256.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $213.5K | $192K | -10.1% |
| 2 Bedrooms | $350K | $360K | +2.9% |
| 3 Bedrooms | $405K | $435.5K | +7.5% |
| 4 Bedrooms | $435K | $475K | +9.2% |
| 5+ Bedrooms | $450K | $546.2K | +21.4% |
Summary: 02920 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.1%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes increased by 21.4%.
Housing Supply in 02920, RI
How many homes are available in 02920, RI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 109 | 89 | -18.3% |
Summary: The 02920 real estate market had 89 homes for sale in November 2024, a 18.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 21 | 20 | -4.8% |
| 3 Bedrooms | 61 | 46 | -24.6% |
| 4 Bedrooms | 19 | 17 | -10.5% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The 02920 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 4.8%, 3 bedroom homes decreased by 24.6%, 4 bedroom homes decreased by 10.5%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 35 | 20 | -42.9% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02920, you could pay more than the asking price. 65% of homes here sold above asking price last month.
Summary: A total of 20 homes were sold or pending in 02920 in November 2024, down by 42.9% month-over-month. Of the 20 sold homes, 25% were sold under asking, 10% were sold at asking, and 65% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 26 Days | +7.3% |
Summary: Homes in 02920 had an average of 26 days on market in Nov 2024, up by 7.3% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
8 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 November 2024, 20 homes were sold in 02920; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
