$4,749 Closing Credit*
$399,900
1,584 SqFt
3 Beds
•1 Full Bath
Listing Office: 36d5 Realty
Is Chepachet, 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, 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
$445,000
$267/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$60,000(+15.6%)
Key Takeaway
Homes in Chepachet have sold for 15.6% more than they did a year ago.
Summary: The median home sold price in Chepachet was $445,000 in October 2024, up 15.6% from last year, and the median price per square foot was $267.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $267K | $252.1K | -5.6% |
| 2 Bedrooms | $310K | $363.5K | +17.2% |
| 3 Bedrooms | $432.5K | $471K | +8.9% |
| 4 Bedrooms | $444.5K | $615K | +38.4% |
| 5+ Bedrooms | $300K | $504.5K | +68.2% |
Summary: Chepachet housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.6%, 2 bedroom homes increased by 17.2%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 38.4%, and 5+ bedroom homes increased by 68.2%.
Median Sold Price Compared To Nearby Cities
| Mapleville | $363K | $494.9K | +36.3% |
| North Scituate | $425K | $549.9K | +29.4% |
| Chepachet | $385K | $445K | +15.6% |
| Glocester | $405K | $453K | +11.9% |
| Harrisville | $385K | $427.5K | +11.0% |
Housing Supply in Chepachet, RI
How many homes are available in Chepachet, RI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 32 | -5.9% |
Summary: The Chepachet real estate market had 32 homes for sale in October 2024, a 5.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 4 | -33.3% |
| 2 Bedrooms | 8 | 11 | +37.5% |
| 3 Bedrooms | 13 | 11 | -15.4% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Chepachet housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 37.5%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 12 | +71.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chepachet, you could pay more than the asking price. 58.3% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Chepachet in October 2024, up by 71.4% month-over-month. Of the 12 sold homes, 25% were sold under asking, 17% were sold at asking, and 58% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 57 Days | 23 Days | -59.7% |
Summary: Homes in Chepachet had an average of 23 days on market in Oct 2024, down by 59.7% compared to last year.
Breakdown of Home Sale Times
8 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 Chepachet are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 12 homes were sold in Chepachet; 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.
