$215,000
0.33 Acres
Land
Listing Office: Williams & Stuart 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 October 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
$557,500
$279/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$4,500(-0.8%)
Key Takeaway
Homes in 02921 have sold for 0.8% less than they did a year ago.
Summary: The median home sold price in 02921 was $557,500 in October 2024, down 0.8% from last year, and the median price per square foot was $279.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $300K | - | N/A |
| 2 Bedrooms | $410K | $360K | -12.2% |
| 3 Bedrooms | $561K | $615K | +9.6% |
| 4 Bedrooms | $800K | $902K | +12.8% |
| 5+ Bedrooms | $1.3M | $765K | -41.6% |
Summary: 02921 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 12.2%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes decreased by 41.6%.
Housing Supply in 02921, RI
How many homes are available in 02921, RI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 45 | 47 | +4.4% |
Summary: The 02921 real estate market had 47 homes for sale in October 2024, a 4.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 14 | 9 | -35.7% |
| 3 Bedrooms | 21 | 25 | +19.0% |
| 4 Bedrooms | 6 | 10 | +66.7% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The 02921 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 35.7%, 3 bedroom homes increased by 19%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 11 | -8.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 02921, you could pay more than the asking price. 63.6% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in 02921 in October 2024, down by 8.3% month-over-month. Of the 11 sold homes, 27% were sold under asking, 9% were sold at asking, and 64% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 29 Days | 31 Days | +4.9% |
Summary: Homes in 02921 had an average of 31 days on market in Oct 2024, up by 4.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
5 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 October 2024, 11 homes were sold in 02921; 55% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
