$5,699 Closing Credit*
$479,900
2,083 SqFt
3 Beds
•2 Full Baths, 1 Partial
Listing Office: BHHS Commonwealth Real Estate
Is 02921, 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, 02921 has remained a Seller's Market.
Key Takeaway
02921 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 02921, RI
How much do homes in 02921, RI cost?
Median Sold Price
$572,500
$282/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$11,500(+2.0%)
Key Takeaway
Homes in 02921 have sold for 2% more than they did a year ago.
Summary: The median home sold price in 02921 was $572,500 in November 2024, up 2% from last year, and the median price per square foot was $282.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $300K | - | N/A |
| 2 Bedrooms | $425K | $360K | -15.3% |
| 3 Bedrooms | $560K | $625K | +11.6% |
| 4 Bedrooms | $820K | $896.5K | +9.3% |
| 5+ Bedrooms | $1.3M | $707.5K | -46.0% |
Summary: 02921 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 decreased by 15.3%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes decreased by 46%.
Housing Supply in 02921, RI
How many homes are available in 02921, RI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 43 | 46 | +7.0% |
Summary: The 02921 real estate market had 46 homes for sale in November 2024, a 7.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 23 | 21 | -8.7% |
| 4 Bedrooms | 9 | 13 | +44.4% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 02921 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 increased by 12.5%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 12 | +9.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02921, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in 02921 in November 2024, up by 9.1% month-over-month. Of the 12 sold homes, 42% were sold under asking, 17% were sold at asking, and 42% were sold over asking.
Days on Market for 02921, RI
How long does it take to sell a home in 02921, RI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 173 Days | 36 Days | -79.0% |
Summary: Homes in 02921 had an average of 36 days on market in Nov 2024, down by 79% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 02921 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 12 homes were sold in 02921; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
