$3,551 Closing Credit*
$299,000
559 SqFt
1 Bed
•1 Full Bath
Listing Office: Kirby & Kirby
Is Portsmouth, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Portsmouth was a Seller's Market.
Key Takeaway
Portsmouth is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Portsmouth, RI
How much do homes in Portsmouth, RI cost?
Median Sold Price
$659,000
$365/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$9,500(+1.5%)
Key Takeaway
Homes in Portsmouth have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in Portsmouth was $659,000 in November 2024, up 1.5% from last year, and the median price per square foot was $365.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $352K | $570.6K | +62.1% |
| 2 Bedrooms | $587.1K | $549K | -6.5% |
| 3 Bedrooms | $580K | $620K | +6.9% |
| 4 Bedrooms | $899K | $1.0M | +16.8% |
| 5+ Bedrooms | $4.2M | $2.9M | -29.2% |
Summary: Portsmouth housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 62.1%, 2 bedroom homes decreased by 6.5%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 16.8%, and 5+ bedroom homes decreased by 29.2%.
Median Sold Price Compared To Nearby Cities
| Tiverton | $448.5K | $491.2K | +9.5% |
| Portsmouth | $649.5K | $659K | +1.5% |
Housing Supply in Portsmouth, RI
How many homes are available in Portsmouth, RI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 95 | 83 | -12.6% |
Summary: The Portsmouth real estate market had 83 homes for sale in November 2024, a 12.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 26 | 25 | -3.8% |
| 3 Bedrooms | 42 | 37 | -11.9% |
| 4 Bedrooms | 15 | 11 | -26.7% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Portsmouth housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 3.8%, 3 bedroom homes decreased by 11.9%, 4 bedroom homes decreased by 26.7%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 7 | -70.8% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Portsmouth, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Portsmouth in November 2024, down by 70.8% month-over-month. Of the 7 sold homes, 14% were sold under asking, 29% were sold at asking, and 57% were sold over asking.
Days on Market for Portsmouth, RI
How long does it take to sell a home in Portsmouth, RI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 61 Days | 15 Days | -74.9% |
Summary: Homes in Portsmouth had an average of 15 days on market in Nov 2024, down by 74.9% compared to last year.
Breakdown of Home Sale Times
6 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 Portsmouth are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in Portsmouth; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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