$4,928 Closing Credit*
$415,000
1,667 SqFt
3 Beds
•2 Full Baths
#73312101, Spectrum Real Estate Consultants, Listing Office: Keller Williams Realty Leading Edge
Is North Smithfield, 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 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
$454,500
$256/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$14,500(+3.3%)
Key Takeaway
Homes in North Smithfield have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in North Smithfield was $454,500 in October 2024, up 3.3% from last year, and the median price per square foot was $256.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $415K | $400K | -3.6% |
| 2 Bedrooms | $397K | $414.8K | +4.5% |
| 3 Bedrooms | $450K | $446.2K | -0.8% |
| 4 Bedrooms | $484K | $650K | +34.3% |
| 5+ Bedrooms | $451.5K | $556.2K | +23.2% |
Summary: North Smithfield housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.6%, 2 bedroom homes increased by 4.5%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 34.3%, and 5+ bedroom homes increased by 23.2%.
Median Sold Price Compared To Nearby Cities
| Manville | $325.7K | $410K | +25.9% |
| Woonsocket | $354.9K | $404.5K | +14.0% |
| Lincoln | $449.9K | $467.7K | +4.0% |
| North Smithfield | $440K | $454.5K | +3.3% |
Housing Supply in North Smithfield, RI
How many homes are available in North Smithfield, RI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 50 | 47 | -6.0% |
Summary: The North Smithfield real estate market had 47 homes for sale in October 2024, a 6.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 12 | +33.3% |
| 3 Bedrooms | 23 | 20 | -13.0% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The North Smithfield 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 increased by 33.3%, 3 bedroom homes decreased by 13%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 11 | -31.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Smithfield, you could pay more than the asking price. 63.6% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in North Smithfield in October 2024, down by 31.3% month-over-month. Of the 11 sold homes, 27% were sold under asking, 9% were sold at asking, and 64% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 15 Days | 14 Days | -7.2% |
Summary: Homes in North Smithfield had an average of 14 days on market in Oct 2024, down by 7.2% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Smithfield are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 11 homes were sold in North Smithfield; 91% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
