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 November 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

$461,250

$224/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$98,750(+27.2%)

Key Takeaway

Homes in Wanskuck have sold for 27.2% more than they did a year ago.

Summary: The median home sold price in Wanskuck was $461,250 in November 2024, up 27.2% from last year, and the median price per square foot was $224.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $234.9K$255K
+8.6%
3 $320K$365K
+14.1%
4 $375K$480K
+28.0%
5+ $445K$545K
+22.5%

Summary: Wanskuck 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 increased by 8.6%, 3 bedroom homes increased by 14.1%, 4 bedroom homes increased by 28%, and 5+ bedroom homes increased by 22.5%.

Median Sold Price Compared To Nearby Neighborhoods

Wanskuck
+27.2%
Smith Hill
+25.3%
Charles
+13.7%

Housing Supply in Wanskuck, RI

How many homes are available in Wanskuck, RI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3226-18.8%

Summary: The Wanskuck real estate market had 26 homes for sale in November 2024, a 18.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 33
0.0%
3 1416
+14.3%
4 41
-75.0%
5+ 116
-45.5%

Summary: The Wanskuck 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 remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 75%, and 5+ bedroom homes decreased by 45.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
87-12.5%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 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. 57.1% of homes here sold above asking price last month.

Summary: A total of 7 homes were sold or pending in Wanskuck in November 2024, down by 12.5% month-over-month. Of the 7 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% 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

Nov 2023Nov 2024CHANGE
38 Days44 Days+15.1%

Summary: Homes in Wanskuck had an average of 44 days on market in Nov 2024, up by 15.1% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Wanskuck has remained consistent over time.

Summary: During November 2024, 7 homes were sold in Wanskuck; 29% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 14% 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 24 Days Ago

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