$6,886 Closing Credit*
$579,900
1,952 SqFt
3 Beds
•2 Full Baths, 1 Partial
Listing Office: Beacon Realty Group
Is North Smithfield, 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, North Smithfield has remained a Seller's Market.
Key Takeaway
North Smithfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Smithfield, RI
How much do homes in North Smithfield, RI cost?
Median Sold Price
$457,500
$262/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$16,500(+3.7%)
Key Takeaway
Homes in North Smithfield have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in North Smithfield was $457,500 in November 2024, up 3.7% from last year, and the median price per square foot was $262.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $415K | $370K | -10.8% |
| 2 Bedrooms | $424.9K | $410.8K | -3.3% |
| 3 Bedrooms | $446.5K | $454.9K | +1.9% |
| 4 Bedrooms | $485K | $660K | +36.1% |
| 5+ Bedrooms | $453K | $565K | +24.7% |
Summary: North Smithfield housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.8%, 2 bedroom homes decreased by 3.3%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 36.1%, and 5+ bedroom homes increased by 24.7%.
Median Sold Price Compared To Nearby Cities
| Woonsocket | $359.2K | $409K | +13.9% |
| Manville | $360K | $404K | +12.2% |
| Lincoln | $450K | $475K | +5.6% |
| North Smithfield | $441K | $457.5K | +3.7% |
Housing Supply in North Smithfield, RI
How many homes are available in North Smithfield, RI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 45 | 40 | -11.1% |
Summary: The North Smithfield real estate market had 40 homes for sale in November 2024, a 11.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 12 | 10 | -16.7% |
| 3 Bedrooms | 17 | 17 | 0.0% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The North Smithfield housing inventory by bedroom type for November 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 11.1%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 10 | -16.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Smithfield, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in North Smithfield in November 2024, down by 16.7% month-over-month. Of the 10 sold homes, 50% were sold under asking, 10% were sold at asking, and 40% were sold over asking.
Days on Market for North Smithfield, RI
How long does it take to sell a home in North Smithfield, RI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 35 Days | 38 Days | +10.0% |
Summary: Homes in North Smithfield had an average of 38 days on market in Nov 2024, up by 10% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in North Smithfield has remained consistent over time.
Summary: During November 2024, 10 homes were sold in North Smithfield; 40% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
