$3,978 Closing Credit*
$335,000
741 SqFt
1 Bed
•1 Full Bath
Listing Office: Coldwell Banker Realty
Is Smith Hill, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 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
$456,000
$362/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$63,550(+16.2%)
Key Takeaway
Homes in Smith Hill have sold for 16.2% more than they did a year ago.
Summary: The median home sold price in Smith Hill was $456,000 in September 2024, up 16.2% from last year, and the median price per square foot was $362.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $278K | $332.5K | +19.6% |
| 2 Bedrooms | $436.2K | $454.5K | +4.2% |
| 3 Bedrooms | $300K | $349.5K | +16.5% |
| 4 Bedrooms | $430K | $360K | -16.3% |
| 5+ Bedrooms | $457K | $550K | +20.4% |
Summary: Smith Hill housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.6%, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 16.5%, 4 bedroom homes decreased by 16.3%, and 5+ bedroom homes increased by 20.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Smith Hill | $392.4K | $456K | +16.2% |
| Mount Hope | $519K | $569K | +9.6% |
| Downtown | $524.5K | $525K | 0.1% |
| Federal Hill | $495K | $483.5K | -2.3% |
Housing Supply in Smith Hill, RI
How many homes are available in Smith Hill, RI?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 21 | 22 | +4.8% |
Summary: The Smith Hill real estate market had 22 homes for sale in September 2024, a 4.8% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 3 | 1 | -66.7% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The Smith Hill housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 66.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 8 | 4 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Smith Hill, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Smith Hill in September 2024, down by 50.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 12 Days | 23 Days | +92.6% |
Summary: Homes in Smith Hill had an average of 23 days on market in Sep 2024, up by 92.6% compared to last year.
Breakdown of Home Sale Times
2 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 September 2024, 4 homes were sold in Smith Hill; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
