$7,718 Closing Credit*
$649,900
9 Beds
•3 Full Baths
Listing Office: Prime Time Properties, Inc.
Is Central Falls, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Central Falls was a Seller's Market.
Key Takeaway
Central Falls is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Central Falls, RI
How much do homes in Central Falls, RI cost?
Median Sold Price
$466,000
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$33,500(+7.7%)
Key Takeaway
Homes in Central Falls have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in Central Falls was $466,000 in November 2024, up 7.7% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $325K | $299K | -8.0% |
| 2 Bedrooms | $246.5K | - | N/A |
| 3 Bedrooms | $355K | $329.5K | -7.2% |
| 4 Bedrooms | $370K | $385.1K | +4.1% |
| 5+ Bedrooms | $492.5K | $527K | +7.0% |
Summary: Central Falls housing prices by bedroom type for November 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 7.2%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 7%.
Median Sold Price Compared To Nearby Cities
| Cumberland | $441K | $500K | +13.4% |
| Pawtucket | $370K | $415K | +12.2% |
| Central Falls | $432.5K | $466K | +7.7% |
| Lincoln | $450K | $475K | +5.6% |
| Attleboro | $467.5K | $489.9K | +4.8% |
Housing Supply in Central Falls, RI
How many homes are available in Central Falls, RI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 24 | -4.0% |
Summary: The Central Falls real estate market had 24 homes for sale in November 2024, a 4.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 9 | 7 | -22.2% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 11 | 13 | +18.2% |
Summary: The Central Falls housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 22.2%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Central Falls, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Central Falls in November 2024, down by 40.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 38 Days | 30 Days | -21.7% |
Summary: Homes in Central Falls had an average of 30 days on market in Nov 2024, down by 21.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Central Falls are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Central Falls; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
