$2,731 Closing Credit*
$229,999
832 SqFt
2 Beds
•1 Full Bath
#73314570, Maria Goncalves, Listing Office: Lamacchia Realty, Inc.
Is North Providence, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, North Providence has remained a Seller's Market.
Key Takeaway
North Providence is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Providence, RI
How much do homes in North Providence, RI cost?
Median Sold Price
$369,950
$235/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$14,950(+4.2%)
Key Takeaway
Homes in North Providence have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in North Providence was $369,950 in October 2024, up 4.2% from last year, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | $170K | +6.3% |
| 2 Bedrooms | $285K | $310K | +8.8% |
| 3 Bedrooms | $375K | $420K | +12.0% |
| 4 Bedrooms | $430K | $468.1K | +8.9% |
| 5+ Bedrooms | $440K | $530K | +20.5% |
Summary: North Providence housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.3%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 20.5%.
Median Sold Price Compared To Nearby Cities
| Providence | $420.1K | $484.8K | +15.4% |
| Smithfield | $415K | $476K | +14.7% |
| Pawtucket | $366.5K | $414.6K | +13.1% |
| Johnston | $390K | $429.3K | +10.1% |
| North Providence | $355K | $369.9K | +4.2% |
Housing Supply in North Providence, RI
How many homes are available in North Providence, RI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 133 | 123 | -7.5% |
Summary: The North Providence real estate market had 123 homes for sale in October 2024, a 7.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 20 | 13 | -35.0% |
| 2 Bedrooms | 35 | 35 | 0.0% |
| 3 Bedrooms | 56 | 46 | -17.9% |
| 4 Bedrooms | 14 | 23 | +64.3% |
| 5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The North Providence housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 35%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 17.9%, 4 bedroom homes increased by 64.3%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 44 | 29 | -34.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Providence, you could pay more than the asking price. 65.5% of homes here sold above asking price last month.
Summary: A total of 29 homes were sold or pending in North Providence in October 2024, down by 34.1% month-over-month. Of the 29 sold homes, 24% were sold under asking, 10% were sold at asking, and 66% were sold over asking.
Days on Market for North Providence, RI
How long does it take to sell a home in North Providence, RI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 31 Days | +72.2% |
Summary: Homes in North Providence had an average of 31 days on market in Oct 2024, up by 72.2% compared to last year.
Breakdown of Home Sale Times
17 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 North Providence are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 29 homes were sold in North Providence; 59% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
