$3,800 Closing Credit*
$320,000
1,227 SqFt
3 Beds
•2 Full Baths
Listing Office: Residential Properties Ltd.
Is Warren, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Warren was a Seller's Market.
Key Takeaway
Warren is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Warren, RI
How much do homes in Warren, RI cost?
Median Sold Price
$530,000
$331/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$59,750(+12.7%)
Key Takeaway
Homes in Warren have sold for 12.7% more than they did a year ago.
Summary: The median home sold price in Warren was $530,000 in November 2024, up 12.7% from last year, and the median price per square foot was $331.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $212K | $242K | +14.2% |
| 2 Bedrooms | $431K | $430K | -0.2% |
| 3 Bedrooms | $516.5K | $530K | +2.6% |
| 4 Bedrooms | $530K | $550K | +3.8% |
| 5+ Bedrooms | $600K | $610K | +1.7% |
Summary: Warren housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.2%, 2 bedroom homes decreased by 0.2%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 1.7%.
Median Sold Price Compared To Nearby Cities
| Warren | $470.2K | $530K | +12.7% |
| Barrington | $679.5K | $760K | +11.8% |
| Swansea | $439.4K | $465.5K | +5.9% |
| Bristol | $575K | $601.1K | +4.5% |
Housing Supply in Warren, RI
How many homes are available in Warren, RI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 | 34 | +9.7% |
Summary: The Warren real estate market had 34 homes for sale in November 2024, a 9.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Warren 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 11.1%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Warren, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Warren in November 2024, up by 25.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.
Days on Market for Warren, RI
How long does it take to sell a home in Warren, RI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 21 Days | -24.8% |
Summary: Homes in Warren had an average of 21 days on market in Nov 2024, down by 24.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Warren are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Warren; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
