$3,146 Closing Credit*
$264,900
896 SqFt
2 Beds
•1 Full Bath
Listing Office: RE/MAX Properties
Is East Greenwich, 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, East Greenwich has remained a Seller's Market.
Key Takeaway
East Greenwich is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Greenwich, RI
How much do homes in East Greenwich, RI cost?
Median Sold Price
$690,000
$302/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$101,100(+17.2%)
Key Takeaway
Homes in East Greenwich have sold for 17.2% more than they did a year ago.
Summary: The median home sold price in East Greenwich was $690,000 in October 2024, up 17.2% from last year, and the median price per square foot was $302.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $295K | $267.5K | -9.3% |
| 2 Bedrooms | $450K | $535K | +18.9% |
| 3 Bedrooms | $556K | $602.5K | +8.4% |
| 4 Bedrooms | $789.5K | $944.9K | +19.7% |
| 5+ Bedrooms | $814.5K | $1.2M | +47.3% |
Summary: East Greenwich housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.3%, 2 bedroom homes increased by 18.9%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 19.7%, and 5+ bedroom homes increased by 47.3%.
Median Sold Price Compared To Nearby Cities
| East Greenwich | $588.9K | $690K | +17.2% |
| North Kingstown | $540K | $625.7K | +15.9% |
| West Warwick | $340K | $388.3K | +14.2% |
| Warwick | $360K | $398.3K | +10.7% |
| Coventry | $380.8K | $401K | +5.3% |
Housing Supply in East Greenwich, RI
How many homes are available in East Greenwich, RI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 97 | 94 | -3.1% |
Summary: The East Greenwich real estate market had 94 homes for sale in October 2024, a 3.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 5 | +66.7% |
| 2 Bedrooms | 26 | 17 | -34.6% |
| 3 Bedrooms | 28 | 34 | +21.4% |
| 4 Bedrooms | 29 | 29 | 0.0% |
| 5+ Bedrooms | 11 | 9 | -18.2% |
Summary: The East Greenwich housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes decreased by 34.6%, 3 bedroom homes increased by 21.4%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 18.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 26 | +8.3% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Greenwich, you may be able to get a good deal. 69.2% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in East Greenwich in October 2024, up by 8.3% month-over-month. Of the 26 sold homes, 69% were sold under asking, 12% were sold at asking, and 19% were sold over asking.
Days on Market for East Greenwich, RI
How long does it take to sell a home in East Greenwich, RI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 40 Days | 35 Days | -12.5% |
Summary: Homes in East Greenwich had an average of 35 days on market in Oct 2024, down by 12.5% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in East Greenwich has remained consistent over time.
Summary: During October 2024, 26 homes were sold in East Greenwich; 42% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
