$3,741 Closing Credit*
$315,000
1,331 SqFt
3 Beds
•2 Full Baths
Listing Office: HomeSmart Professionals
Is Smith Hill, 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, Smith Hill has remained a Seller's Market.
Key Takeaway
Smith Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Smith Hill, RI
How much do homes in Smith Hill, RI cost?
Median Sold Price
$482,500
$363/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$97,550(+25.3%)
Key Takeaway
Homes in Smith Hill have sold for 25.3% more than they did a year ago.
Summary: The median home sold price in Smith Hill was $482,500 in November 2024, up 25.3% from last year, and the median price per square foot was $363.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $310K | $330K | +6.5% |
| 2 Bedrooms | $445K | $449K | +0.9% |
| 3 Bedrooms | $362K | $340K | -6.1% |
| 4 Bedrooms | $395K | $352.5K | -10.8% |
| 5+ Bedrooms | $470K | $557.5K | +18.6% |
Summary: Smith Hill housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.5%, 2 bedroom homes increased by 0.9%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes decreased by 10.8%, and 5+ bedroom homes increased by 18.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Smith Hill | $384.9K | $482.5K | +25.3% |
| Mount Hope | $501.5K | $590K | +17.6% |
Housing Supply in Smith Hill, RI
How many homes are available in Smith Hill, RI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 28 | +16.7% |
Summary: The Smith Hill real estate market had 28 homes for sale in November 2024, a 16.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 2 | 7 | +250.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 12 | 11 | -8.3% |
Summary: The Smith Hill 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 250%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 9 | +200.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Smith Hill, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Smith Hill in November 2024, up by 200.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 22% were sold at asking, and 33% were sold over asking.
Days on Market for Smith Hill, RI
How long does it take to sell a home in Smith Hill, RI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 12 Days | 24 Days | +94.3% |
Summary: Homes in Smith Hill had an average of 24 days on market in Nov 2024, up by 94.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Smith Hill are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 9 homes were sold in Smith Hill; 78% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
