$6,638 Closing Credit*
$559,000
1,670 SqFt
3 Beds
•2 Full Baths
Listing Office: Real Broker, LLC
Is South Kingstown, 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, South Kingstown has remained a Seller's Market.
Key Takeaway
South Kingstown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Kingstown, RI
How much do homes in South Kingstown, RI cost?
Median Sold Price
$650,000
$357/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$74,000(+12.8%)
Key Takeaway
Homes in South Kingstown have sold for 12.8% more than they did a year ago.
Summary: The median home sold price in South Kingstown was $650,000 in November 2024, up 12.8% from last year, and the median price per square foot was $357.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $317.4K | $355K | +11.8% |
| 2 Bedrooms | $569.6K | $605K | +6.2% |
| 3 Bedrooms | $560K | $635K | +13.4% |
| 4 Bedrooms | $730K | $757K | +3.7% |
| 5+ Bedrooms | $965K | $799.9K | -17.1% |
Summary: South Kingstown housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.8%, 2 bedroom homes increased by 6.2%, 3 bedroom homes increased by 13.4%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes decreased by 17.1%.
Housing Supply in South Kingstown, RI
How many homes are available in South Kingstown, RI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 108 | 80 | -25.9% |
Summary: The South Kingstown real estate market had 80 homes for sale in November 2024, a 25.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 5 | -28.6% |
| 2 Bedrooms | 23 | 18 | -21.7% |
| 3 Bedrooms | 43 | 30 | -30.2% |
| 4 Bedrooms | 28 | 23 | -17.9% |
| 5+ Bedrooms | 7 | 4 | -42.9% |
Summary: The South Kingstown housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 28.6%, 2 bedroom homes decreased by 21.7%, 3 bedroom homes decreased by 30.2%, 4 bedroom homes decreased by 17.9%, and 5+ bedroom homes decreased by 42.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 42 | 16 | -61.9% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Kingstown, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in South Kingstown in November 2024, down by 61.9% month-over-month. Of the 16 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% were sold over asking.
Days on Market for South Kingstown, RI
How long does it take to sell a home in South Kingstown, RI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 32 Days | 34 Days | +6.3% |
Summary: Homes in South Kingstown had an average of 34 days on market in Nov 2024, up by 6.3% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in South Kingstown are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 16 homes were sold in South Kingstown; 63% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
