Is North Scituate, RI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Scituate is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, North Scituate has remained a Seller's Market.

Key Takeaway

North Scituate is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in North Scituate, RI

How much do homes in North Scituate, RI cost?

Median Sold Price

$549,900

$266/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$124,900(+29.4%)

Key Takeaway

Homes in North Scituate have sold for 29.4% more than they did a year ago.

Summary: The median home sold price in North Scituate was $549,900 in October 2024, up 29.4% from last year, and the median price per square foot was $266.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $207K-
N/A
2 $405K$449.9K
+11.1%
3 $426.2K$580.5K
+36.2%
4 $491.7K$592.5K
+20.5%
5+ $650K$900K
+38.5%

Summary: North Scituate housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 36.2%, 4 bedroom homes increased by 20.5%, and 5+ bedroom homes increased by 38.5%.

Median Sold Price Compared To Nearby Cities

North Scituate
+29.4%
Scituate
+18.8%
Chepachet
+15.6%
Glocester
+11.9%

Housing Supply in North Scituate, RI

How many homes are available in North Scituate, RI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3639+8.3%

Summary: The North Scituate real estate market had 39 homes for sale in October 2024, a 8.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 65
-16.7%
3 2226
+18.2%
4 77
0.0%
5+ 11
0.0%

Summary: The North Scituate 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 increased by 18.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
880.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Scituate, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in North Scituate in October 2024, the same as the previous month. Of the 8 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.

Days on Market for North Scituate, RI

How long does it take to sell a home in North Scituate, RI?

Average Sale Time

Oct 2023Oct 2024CHANGE
19 Days30 Days+57.7%

Summary: Homes in North Scituate had an average of 30 days on market in Oct 2024, up by 57.7% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 8 homes were sold in North Scituate; 63% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% 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 22 Days Ago

Newest Listings in North Scituate, RI

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