Is Carolina, RI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Carolina is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Carolina has remained a Seller's Market.

Key Takeaway

Carolina is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Carolina, RI

How much do homes in Carolina, RI cost?

Median Sold Price

$715,000

$254/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$165,000(+30.0%)

Key Takeaway

Homes in Carolina have sold for 30% more than they did a month ago.

Summary: The median home sold price in Carolina was $715,000 in October 2024, up 30% from last month, and the median price per square foot was $254.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 -$715K
N/A
4 $550K-
N/A
5+ --
N/A

Summary: Carolina housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Carolina, RI

How many homes are available in Carolina, RI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
330.0%

Summary: The Carolina real estate market had 3 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 23
+50.0%
4 10
-100.0%
5+ 00
0.0%

Summary: The Carolina 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 remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Carolina, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Carolina in October 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Carolina, RI

How long does it take to sell a home in Carolina, RI?

Average Sale Time

Sep 2024Oct 2024CHANGE
47 Days100 Days+112.8%

Summary: Homes in Carolina had an average of 100 days on market in Oct 2024, up by 112.8% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Carolina are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 1 homes were sold in Carolina; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Carolina, RI

Nearby Markets to Carolina, RI

What housing markets are near Carolina, RI?