$6,282 Closing Credit*
$529,000
960 SqFt
2 Beds
•1 Full Bath
Listing Office: Lila Delman Compass
Is Jamestown, 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, Jamestown has remained a Seller's Market.
Key Takeaway
Jamestown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Jamestown, RI
How much do homes in Jamestown, RI cost?
Median Sold Price
$1,075,000
$573/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$102,500(+10.5%)
Key Takeaway
Homes in Jamestown have sold for 10.5% more than they did a year ago.
Summary: The median home sold price in Jamestown was $1,075,000 in November 2024, up 10.5% from last year, and the median price per square foot was $573.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $722.5K | $500K | -30.8% |
| 2 Bedrooms | $747.2K | $850K | +13.8% |
| 3 Bedrooms | $1.0M | $950K | -11.6% |
| 4 Bedrooms | $1.1M | $1.5M | +33.1% |
| 5+ Bedrooms | $3.3M | $4.6M | +41.3% |
Summary: Jamestown housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 30.8%, 2 bedroom homes increased by 13.8%, 3 bedroom homes decreased by 11.6%, 4 bedroom homes increased by 33.1%, and 5+ bedroom homes increased by 41.3%.
Median Sold Price Compared To Nearby Cities
| Newport | $800K | $898K | +12.3% |
| Jamestown | $972.5K | $1.0M | +10.5% |
| Middletown | $695K | $717.5K | +3.2% |
Housing Supply in Jamestown, RI
How many homes are available in Jamestown, RI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 43 | 33 | -23.3% |
Summary: The Jamestown real estate market had 33 homes for sale in November 2024, a 23.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 17 | 10 | -41.2% |
| 4 Bedrooms | 13 | 12 | -7.7% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Jamestown housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 41.2%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 9 | -18.2% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jamestown, you may be able to get a good deal. 88.9% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Jamestown in November 2024, down by 18.2% month-over-month. Of the 9 sold homes, 89% were sold under asking, 11% were sold at asking, and 0% were sold over asking.
Days on Market for Jamestown, RI
How long does it take to sell a home in Jamestown, RI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 43 Days | 73 Days | +69.6% |
Summary: Homes in Jamestown had an average of 73 days on market in Nov 2024, up by 69.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Jamestown has remained consistent over time.
Summary: During November 2024, 9 homes were sold in Jamestown; 11% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
