Is Wanskuck, RI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wanskuck is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Wanskuck has remained a Seller's Market.

Key Takeaway

Wanskuck is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Wanskuck, RI

How much do homes in Wanskuck, RI cost?

Median Sold Price

$460,000

$222/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$102,500(+28.7%)

Key Takeaway

Homes in Wanskuck have sold for 28.7% more than they did a year ago.

Summary: The median home sold price in Wanskuck was $460,000 in October 2024, up 28.7% from last year, and the median price per square foot was $222.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $275K$257.5K
-6.4%
3 $320K$365K
+14.1%
4 $375K$457.5K
+22.0%
5+ $427K$545K
+27.6%

Summary: Wanskuck 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 6.4%, 3 bedroom homes increased by 14.1%, 4 bedroom homes increased by 22%, and 5+ bedroom homes increased by 27.6%.

Median Sold Price Compared To Nearby Neighborhoods

Wanskuck
+28.7%
Smith Hill
+20.4%
Charles
+14.6%

Housing Supply in Wanskuck, RI

How many homes are available in Wanskuck, RI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2732+18.5%

Summary: The Wanskuck real estate market had 32 homes for sale in October 2024, a 18.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 54
-20.0%
3 712
+71.4%
4 65
-16.7%
5+ 911
+22.2%

Summary: The Wanskuck housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 71.4%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 22.2%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
78+14.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wanskuck, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.

Summary: A total of 8 homes were sold or pending in Wanskuck in October 2024, up by 14.3% month-over-month. Of the 8 sold homes, 25% were sold under asking, 13% were sold at asking, and 63% were sold over asking.

Days on Market for Wanskuck, RI

How long does it take to sell a home in Wanskuck, RI?

Average Sale Time

Oct 2023Oct 2024CHANGE
22 Days35 Days+57.6%

Summary: Homes in Wanskuck had an average of 35 days on market in Oct 2024, up by 57.6% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Wanskuck are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 8 homes were sold in Wanskuck; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

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