$4,156 Closing Credit*
$350,000
888 SqFt
2 Beds
•1 Full Bath
Listing Office: Mott & Chace Sotheby's Intl.
Is Rumford, 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, Rumford has remained a Seller's Market.
Key Takeaway
Rumford is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rumford, RI
How much do homes in Rumford, RI cost?
Median Sold Price
$445,000
$272/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since November 2023.
Key Takeaway
The sold price of homes in Rumford has remained the same since last year.
Summary: The median home sold price in Rumford was $445,000 in November 2024, the same as last year, and the median price per square foot was $272.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $190.7K | N/A |
| 2 Bedrooms | $360K | $350K | -2.8% |
| 3 Bedrooms | $450K | $437K | -2.9% |
| 4 Bedrooms | $468.5K | $549.9K | +17.4% |
| 5+ Bedrooms | $530K | $600K | +13.2% |
Summary: Rumford housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.8%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes increased by 13.2%.
Median Sold Price Compared To Nearby Cities
| Pawtucket | $370K | $415K | +12.2% |
| Seekonk | $500K | $559.9K | +12.0% |
| East Providence | $390K | $423.7K | +8.6% |
| Rumford | $445K | $445K | 0.0% |
Housing Supply in Rumford, RI
How many homes are available in Rumford, RI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 28 | +64.7% |
Summary: The Rumford real estate market had 28 homes for sale in November 2024, a 64.7% increase 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 | 6 | 9 | +50.0% |
| 3 Bedrooms | 8 | 13 | +62.5% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Rumford 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 increased by 50%, 3 bedroom homes increased by 62.5%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 9 | +800.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rumford, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Rumford in November 2024, up by 800.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 11% were sold at asking, and 33% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 21 Days | -15.6% |
Summary: Homes in Rumford had an average of 21 days on market in Nov 2024, down by 15.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 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 November 2024, 9 homes were sold in Rumford; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
