$5,878 Closing Credit*
$495,000
6 Beds
•3 Full Baths
Listing Office: HomeSmart Professionals
Is Burrillville, 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, Burrillville has remained a Seller's Market.
Key Takeaway
Burrillville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Burrillville, RI
How much do homes in Burrillville, RI cost?
Median Sold Price
$405,000
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,000(+5.2%)
Key Takeaway
Homes in Burrillville have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in Burrillville was $405,000 in October 2024, up 5.2% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $83K | $199K | +139.8% |
| 2 Bedrooms | $280K | $369K | +31.8% |
| 3 Bedrooms | $410K | $445K | +8.5% |
| 4 Bedrooms | $385K | $456K | +18.4% |
| 5+ Bedrooms | $427.5K | $532.5K | +24.6% |
Summary: Burrillville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 139.8%, 2 bedroom homes increased by 31.8%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 18.4%, and 5+ bedroom homes increased by 24.6%.
Median Sold Price Compared To Nearby Cities
| Harrisville | $385K | $427.5K | +11.0% |
| Burrillville | $385K | $405K | +5.2% |
| Pascoag | $400K | $395K | -1.3% |
Housing Supply in Burrillville, RI
How many homes are available in Burrillville, RI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 55 | 56 | +1.8% |
Summary: The Burrillville real estate market had 56 homes for sale in October 2024, a 1.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 13 | 13 | 0.0% |
| 3 Bedrooms | 24 | 24 | 0.0% |
| 4 Bedrooms | 14 | 14 | 0.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Burrillville housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 16 | -20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Burrillville, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Burrillville in October 2024, down by 20.0% month-over-month. Of the 16 sold homes, 19% were sold under asking, 31% were sold at asking, and 50% were sold over asking.
Days on Market for Burrillville, RI
How long does it take to sell a home in Burrillville, RI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 19 Days | -23.5% |
Summary: Homes in Burrillville had an average of 19 days on market in Oct 2024, down by 23.5% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Burrillville are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 16 homes were sold in Burrillville; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
