$4,749 Closing Credit*
$399,900
1,168 SqFt
4 Beds
•2 Full Baths
Listing Office: HomeSmart Professionals
Is Providence County, 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, Providence County has remained a Seller's Market.
Key Takeaway
Providence County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Providence County, RI
How much do homes in Providence County, RI cost?
Median Sold Price
$445,858
$257/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$45,858(+11.5%)
Key Takeaway
Homes in Providence County have sold for 11.5% more than they did a year ago.
Summary: The median home sold price in Providence County was $445,858 in November 2024, up 11.5% from last year, and the median price per square foot was $257.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $235K | $224.5K | -4.5% |
| 2 Bedrooms | $329.6K | $350K | +6.2% |
| 3 Bedrooms | $394.8K | $433.6K | +9.8% |
| 4 Bedrooms | $421.1K | $482.3K | +14.5% |
| 5+ Bedrooms | $496K | $570.1K | +14.9% |
Summary: Providence County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.5%, 2 bedroom homes increased by 6.2%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes increased by 14.9%.
Median Sold Price Compared To Nearby Counties
| Providence County | $400K | $445.8K | +11.5% |
| Kent County | $375.5K | $412.5K | +9.9% |
| Bristol County | $464.9K | $510K | +9.7% |
| Windham County | $305.3K | $330K | +8.1% |
| Bristol County | $593.5K | $629.1K | +6.0% |
Housing Supply in Providence County, RI
How many homes are available in Providence County, RI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1,828 | 1,651 | -9.7% |
Summary: The Providence County real estate market had 1,651 homes for sale in November 2024, a 9.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 71 | 65 | -8.5% |
| 2 Bedrooms | 333 | 306 | -8.1% |
| 3 Bedrooms | 711 | 653 | -8.2% |
| 4 Bedrooms | 362 | 317 | -12.4% |
| 5+ Bedrooms | 351 | 310 | -11.7% |
Summary: The Providence County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 8.5%, 2 bedroom homes decreased by 8.1%, 3 bedroom homes decreased by 8.2%, 4 bedroom homes decreased by 12.4%, and 5+ bedroom homes decreased by 11.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 501 | 396 | -21.0% |
Asking Price vs. Sold Price
127 Homes Were Sold
Under Asking
62 Homes Were Sold
At Asking
207 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Providence County, you could pay more than the asking price. 52.3% of homes here sold above asking price last month.
Summary: A total of 396 homes were sold or pending in Providence County in November 2024, down by 21.0% month-over-month. Of the 396 sold homes, 32% were sold under asking, 16% were sold at asking, and 52% were sold over asking.
Days on Market for Providence County, RI
How long does it take to sell a home in Providence County, RI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 26 Days | 26 Days | +2.1% |
Summary: Homes in Providence County had an average of 26 days on market in Nov 2024, up by 2.1% compared to last year.
Breakdown of Home Sale Times
254 Homes Were Sold
Under 30 Days
132 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Providence County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 396 homes were sold in Providence County; 64% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
