$3,799 Closing Credit*
$319,900
1,491 SqFt
3 Beds
•2 Full Baths
Listing Office: RE/MAX River's Edge
Is East Providence, 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 Providence has remained a Seller's Market.
Key Takeaway
East Providence is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Providence, RI
How much do homes in East Providence, RI cost?
Median Sold Price
$423,714
$270/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$33,714(+8.6%)
Key Takeaway
Homes in East Providence have sold for 8.6% more than they did a year ago.
Summary: The median home sold price in East Providence was $423,714 in November 2024, up 8.6% from last year, and the median price per square foot was $270.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $262.5K | $263.2K | 0.3% |
| 2 Bedrooms | $338.5K | $340K | 0.4% |
| 3 Bedrooms | $390.3K | $425K | +8.9% |
| 4 Bedrooms | $420K | $462.5K | +10.1% |
| 5+ Bedrooms | $500K | $550K | +10.0% |
Summary: East Providence housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.3%, 2 bedroom homes increased by 0.4%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes increased by 10%.
Median Sold Price Compared To Nearby Cities
| Seekonk | $500K | $559.9K | +12.0% |
| Barrington | $679.5K | $760K | +11.8% |
| Riverside | $385K | $420K | +9.1% |
| East Providence | $390K | $423.7K | +8.6% |
| Rumford | $445K | $445K | 0.0% |
Housing Supply in East Providence, RI
How many homes are available in East Providence, RI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 132 | 136 | +3.0% |
Summary: The East Providence real estate market had 136 homes for sale in November 2024, a 3.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 31 | 28 | -9.7% |
| 3 Bedrooms | 62 | 69 | +11.3% |
| 4 Bedrooms | 25 | 28 | +12.0% |
| 5+ Bedrooms | 11 | 8 | -27.3% |
Summary: The East Providence 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 9.7%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 12%, and 5+ bedroom homes decreased by 27.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 33 | 32 | -3.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Providence, you could pay more than the asking price. 46.9% of homes here sold above asking price last month.
Summary: A total of 32 homes were sold or pending in East Providence in November 2024, down by 3.0% month-over-month. Of the 32 sold homes, 41% were sold under asking, 13% were sold at asking, and 47% were sold over asking.
Days on Market for East Providence, RI
How long does it take to sell a home in East Providence, RI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 20 Days | 27 Days | +33.0% |
Summary: Homes in East Providence had an average of 27 days on market in Nov 2024, up by 33% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in East Providence are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 32 homes were sold in East Providence; 63% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
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