$10,000 Closing Credit*
$1,899,900
4,200 SqFt
5 Beds
•4 Full Baths, 1 Partial
Listing Office: Keller Williams Leading Edge
Is Rumford, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Rumford was a Seller's Market.
Key Takeaway
Rumford is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Rumford, RI
How much do homes in Rumford, RI cost?
Median Sold Price
$445,000
$264/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$4,000(-0.9%)
Key Takeaway
Homes in Rumford have sold for 0.9% less than they did a year ago.
Summary: The median home sold price in Rumford was $445,000 in October 2024, down 0.9% from last year, and the median price per square foot was $264.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $110K | N/A |
| 2 Bedrooms | $365K | $350K | -4.1% |
| 3 Bedrooms | $455K | $435K | -4.4% |
| 4 Bedrooms | $467K | $562.4K | +20.4% |
| 5+ Bedrooms | $530K | $590K | +11.3% |
Summary: Rumford 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 decreased by 4.1%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes increased by 20.4%, and 5+ bedroom homes increased by 11.3%.
Median Sold Price Compared To Nearby Cities
| Pawtucket | $366.5K | $414.6K | +13.1% |
| Seekonk | $499K | $557K | +11.6% |
| East Providence | $390K | $420.1K | +7.7% |
| Rumford | $449K | $445K | -0.9% |
Housing Supply in Rumford, RI
How many homes are available in Rumford, RI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 19 | +5.6% |
Summary: The Rumford real estate market had 19 homes for sale in October 2024, a 5.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 4 | 6 | +50.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 5 | 2 | -60.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Rumford housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 60%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 1 | -90.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rumford, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Rumford in October 2024, down by 90.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Rumford, RI
How long does it take to sell a home in Rumford, RI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 16 Days | -35.4% |
Summary: Homes in Rumford had an average of 16 days on market in Oct 2024, down by 35.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rumford are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in Rumford; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
