$5,936 Closing Credit*
$499,900
1,000 SqFt
3 Beds
•1 Full Bath
Listing Office: RE/MAX Professionals
Is East Greenwich, 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, 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
$686,666
$305/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$86,833(+14.5%)
Key Takeaway
Homes in East Greenwich have sold for 14.5% more than they did a year ago.
Summary: The median home sold price in East Greenwich was $686,666 in November 2024, up 14.5% from last year, and the median price per square foot was $305.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $245K | $288.7K | +17.9% |
| 2 Bedrooms | $470K | $516.2K | +9.8% |
| 3 Bedrooms | $537.5K | $600K | +11.6% |
| 4 Bedrooms | $800K | $920K | +15.0% |
| 5+ Bedrooms | $814.5K | $1.2M | +47.3% |
Summary: East Greenwich housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.9%, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 15%, and 5+ bedroom homes increased by 47.3%.
Median Sold Price Compared To Nearby Cities
| North Kingstown | $540K | $626.1K | +15.9% |
| West Warwick | $340K | $390K | +14.7% |
| East Greenwich | $599.8K | $686.6K | +14.5% |
| Warwick | $364.5K | $400K | +9.7% |
| Coventry | $383K | $410K | +7.0% |
Housing Supply in East Greenwich, RI
How many homes are available in East Greenwich, RI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 93 | 83 | -10.8% |
Summary: The East Greenwich real estate market had 83 homes for sale in November 2024, a 10.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 18 | 14 | -22.2% |
| 3 Bedrooms | 34 | 29 | -14.7% |
| 4 Bedrooms | 30 | 27 | -10.0% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The East Greenwich 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 decreased by 22.2%, 3 bedroom homes decreased by 14.7%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 25 | -7.4% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
10 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. 44% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in East Greenwich in November 2024, down by 7.4% month-over-month. Of the 25 sold homes, 44% were sold under asking, 16% were sold at asking, and 40% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 33 Days | 29 Days | -11.5% |
Summary: Homes in East Greenwich had an average of 29 days on market in Nov 2024, down by 11.5% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East Greenwich are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 25 homes were sold in East Greenwich; 52% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
