$8,311 Closing Credit*
$699,900
784 SqFt
2 Beds
•1 Full Bath
Listing Office: RE/MAX Professionals
Is Jamestown, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Jamestown was a Seller's Market.
Key Takeaway
Jamestown is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Jamestown, RI
How much do homes in Jamestown, RI cost?
Median Sold Price
$1,100,000
$566/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$150,000(+15.8%)
Key Takeaway
Homes in Jamestown have sold for 15.8% more than they did a year ago.
Summary: The median home sold price in Jamestown was $1,100,000 in September 2024, up 15.8% from last year, and the median price per square foot was $566.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $635.7K | - | N/A |
| 2 Bedrooms | $744.8K | $850K | +14.1% |
| 3 Bedrooms | $965K | $1.1M | +14.0% |
| 4 Bedrooms | $1.3M | $1.7M | +27.8% |
| 5+ Bedrooms | $3.6M | $2.5M | -29.1% |
Summary: Jamestown housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.1%, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 27.8%, and 5+ bedroom homes decreased by 29.1%.
Median Sold Price Compared To Nearby Cities
| Jamestown | $950K | $1.1M | +15.8% |
| Newport | $799.5K | $870K | +8.8% |
| Middletown | $687.5K | $715K | +4.0% |
Housing Supply in Jamestown, RI
How many homes are available in Jamestown, RI?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 44 | 48 | +9.1% |
Summary: The Jamestown real estate market had 48 homes for sale in September 2024, a 9.1% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 13 | 12 | -7.7% |
| 3 Bedrooms | 13 | 16 | +23.1% |
| 4 Bedrooms | 15 | 16 | +6.7% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Jamestown housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 7.7%, 3 bedroom homes increased by 23.1%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jamestown, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Jamestown in September 2024, down by 37.5% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 32 Days | 24 Days | -24.6% |
Summary: Homes in Jamestown had an average of 24 days on market in Sep 2024, down by 24.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Jamestown are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 5 homes were sold in Jamestown; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
