Is Jamestown, RI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Jamestown is a seller's market

Buyer's
Market

Difference Since October 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

$1,087,500

$573/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$137,500(+14.5%)

Key Takeaway

Homes in Jamestown have sold for 14.5% more than they did a year ago.

Summary: The median home sold price in Jamestown was $1,087,500 in October 2024, up 14.5% from last year, and the median price per square foot was $573.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $635.7K$500K
-21.4%
2 $796.6K$850K
+6.7%
3 $980K$1.1M
+12.2%
4 $1.1M$1.4M
+17.2%
5+ $3.6M$2.8M
-21.9%

Summary: Jamestown housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.4%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 17.2%, and 5+ bedroom homes decreased by 21.9%.

Median Sold Price Compared To Nearby Cities

Middletown
+14.7%
Jamestown
+14.5%
Newport
+13.0%

Housing Supply in Jamestown, RI

How many homes are available in Jamestown, RI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4745-4.3%

Summary: The Jamestown real estate market had 45 homes for sale in October 2024, a 4.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 1210
-16.7%
3 1717
0.0%
4 1413
-7.1%
5+ 34
+33.3%

Summary: The Jamestown housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
610+66.7%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Jamestown, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Jamestown in October 2024, up by 66.7% month-over-month. Of the 10 sold homes, 60% were sold under asking, 30% were sold at asking, and 10% 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

Oct 2023Oct 2024CHANGE
85 Days43 Days-49.5%

Summary: Homes in Jamestown had an average of 43 days on market in Oct 2024, down by 49.5% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Jamestown are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 10 homes were sold in Jamestown; 50% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Jamestown, RI

Nearby Markets to Jamestown, RI

What housing markets are near Jamestown, RI?