$3,800 Closing Credit*
$320,000
1,200 SqFt
3 Beds
•1 Full Bath, 1 Partial
#73313190, April Holland, Listing Office: Keller Williams Realty Leading Edge
Is Central Falls, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Central Falls was a Neutral Market.
Key Takeaway
Central Falls is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Central Falls, RI
How much do homes in Central Falls, RI cost?
Median Sold Price
$465,500
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$43,000(+10.2%)
Key Takeaway
Homes in Central Falls have sold for 10.2% more than they did a year ago.
Summary: The median home sold price in Central Falls was $465,500 in October 2024, up 10.2% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $325K | $299K | -8.0% |
| 2 Bedrooms | $269.9K | - | N/A |
| 3 Bedrooms | $360K | $329.5K | -8.5% |
| 4 Bedrooms | $350K | $385.1K | +10.0% |
| 5+ Bedrooms | $493K | $526K | +6.7% |
Summary: Central Falls housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8%, 2 bedroom homes did not change, 3 bedroom homes decreased by 8.5%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 6.7%.
Median Sold Price Compared To Nearby Cities
| Pawtucket | $366.5K | $414.6K | +13.1% |
| Central Falls | $422.5K | $465.5K | +10.2% |
| Cumberland | $443.6K | $485.3K | +9.4% |
| Attleboro | $462K | $488.9K | +5.8% |
| Lincoln | $449.9K | $467.7K | +4.0% |
Housing Supply in Central Falls, RI
How many homes are available in Central Falls, RI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 23 | -17.9% |
Summary: The Central Falls real estate market had 23 homes for sale in October 2024, a 17.9% decrease 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 4 | 9 | +125.0% |
| 4 Bedrooms | 7 | 4 | -42.9% |
| 5+ Bedrooms | 16 | 9 | -43.8% |
Summary: The Central Falls 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 125%, 4 bedroom homes decreased by 42.9%, and 5+ bedroom homes decreased by 43.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 5 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Central Falls, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Central Falls in October 2024, down by 50.0% month-over-month. Of the 5 sold homes, 0% were sold under asking, 20% were sold at asking, and 80% were sold over asking.
Days on Market for Central Falls, RI
How long does it take to sell a home in Central Falls, RI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 41 Days | +91.1% |
Summary: Homes in Central Falls had an average of 41 days on market in Oct 2024, up by 91.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Central Falls are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Central Falls; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
