$10,000 Closing Credit*
$1,900,000
1,857 SqFt
2 Beds
•2 Full Baths
Listing Office: HomeSmart Professionals
Is Bristol, 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, Bristol has remained a Seller's Market.
Key Takeaway
Bristol is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bristol, RI
How much do homes in Bristol, RI cost?
Median Sold Price
$601,100
$363/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$46,100(+8.3%)
Key Takeaway
Homes in Bristol have sold for 8.3% more than they did a year ago.
Summary: The median home sold price in Bristol was $601,100 in October 2024, up 8.3% from last year, and the median price per square foot was $363.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $369K | $480K | +30.1% |
| 2 Bedrooms | $472.5K | $530K | +12.2% |
| 3 Bedrooms | $575K | $575K | 0.0% |
| 4 Bedrooms | $550.3K | $632.5K | +14.9% |
| 5+ Bedrooms | $825K | $719.5K | -12.8% |
Summary: Bristol housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.1%, 2 bedroom homes increased by 12.2%, 3 bedroom homes did not change, 4 bedroom homes increased by 14.9%, and 5+ bedroom homes decreased by 12.8%.
Median Sold Price Compared To Nearby Cities
| Warren | $474.7K | $525K | +10.6% |
| Bristol | $555K | $601.1K | +8.3% |
Housing Supply in Bristol, RI
How many homes are available in Bristol, RI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 68 | 75 | +10.3% |
Summary: The Bristol real estate market had 75 homes for sale in October 2024, a 10.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 15 | 12 | -20.0% |
| 3 Bedrooms | 24 | 24 | 0.0% |
| 4 Bedrooms | 12 | 19 | +58.3% |
| 5+ Bedrooms | 16 | 17 | +6.3% |
Summary: The Bristol housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes decreased by 20%, 3 bedroom homes remained the same, 4 bedroom homes increased by 58.3%, and 5+ bedroom homes increased by 6.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 24 | +33.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bristol, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 24 homes were sold or pending in Bristol in October 2024, up by 33.3% month-over-month. Of the 24 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for Bristol, RI
How long does it take to sell a home in Bristol, RI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 33 Days | 30 Days | -9.4% |
Summary: Homes in Bristol had an average of 30 days on market in Oct 2024, down by 9.4% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bristol are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 24 homes were sold in Bristol; 63% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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