$5,047 Closing Credit*
$425,000
1,012 SqFt
2 Beds
•1 Full Bath, 1 Partial
Listing Office: RE/MAX Host of Homes
Is Chepachet, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Chepachet has remained a Seller's Market.
Key Takeaway
Chepachet is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chepachet, RI
How much do homes in Chepachet, RI cost?
Median Sold Price
$436,000
$263/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$38,500(+9.7%)
Key Takeaway
Homes in Chepachet have sold for 9.7% more than they did a year ago.
Summary: The median home sold price in Chepachet was $436,000 in November 2024, up 9.7% from last year, and the median price per square foot was $263.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $267K | $252.1K | -5.6% |
| 2 Bedrooms | $325K | $343.5K | +5.7% |
| 3 Bedrooms | $459.5K | $460.8K | 0.3% |
| 4 Bedrooms | $444.5K | $584.9K | +31.6% |
| 5+ Bedrooms | $412K | $500K | +21.4% |
Summary: Chepachet housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.6%, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 0.3%, 4 bedroom homes increased by 31.6%, and 5+ bedroom homes increased by 21.4%.
Median Sold Price Compared To Nearby Cities
| North Scituate | $425K | $575K | +35.3% |
| Harrisville | $367.5K | $428K | +16.5% |
| Chepachet | $397.5K | $436K | +9.7% |
| Glocester | $425K | $450K | +5.9% |
Housing Supply in Chepachet, RI
How many homes are available in Chepachet, RI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 36 | 21 | -41.7% |
Summary: The Chepachet real estate market had 21 homes for sale in November 2024, a 41.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 1 | -75.0% |
| 2 Bedrooms | 12 | 6 | -50.0% |
| 3 Bedrooms | 13 | 10 | -23.1% |
| 4 Bedrooms | 4 | 2 | -50.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Chepachet housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 75%, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 23.1%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 9 | -30.8% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chepachet, expect to pay close to the asking price. 44.4% of homes here sold near the asking price last month.
Summary: A total of 9 homes were sold or pending in Chepachet in November 2024, down by 30.8% month-over-month. Of the 9 sold homes, 33% were sold under asking, 44% were sold at asking, and 22% were sold over asking.
Days on Market for Chepachet, RI
How long does it take to sell a home in Chepachet, RI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 36 Days | 47 Days | +29.1% |
Summary: Homes in Chepachet had an average of 47 days on market in Nov 2024, up by 29.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Chepachet has remained consistent over time.
Summary: During November 2024, 9 homes were sold in Chepachet; 33% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
