$938 Closing Credit*
$79,000
840 SqFt
2 Beds
•1 Full Bath, 1 Partial
Listing Office: BHHS Commonwealth Real Estate
Is Washington County, 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, Washington County has remained a Seller's Market.
Key Takeaway
Washington County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Washington County, RI
How much do homes in Washington County, RI cost?
Median Sold Price
$615,111
$338/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$77,676(+14.5%)
Key Takeaway
Homes in Washington County have sold for 14.5% more than they did a year ago.
Summary: The median home sold price in Washington County was $615,111 in November 2024, up 14.5% from last year, and the median price per square foot was $338.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $301.2K | $335K | +11.2% |
| 2 Bedrooms | $449.4K | $492.2K | +9.5% |
| 3 Bedrooms | $527.8K | $599.5K | +13.6% |
| 4 Bedrooms | $730K | $835K | +14.4% |
| 5+ Bedrooms | $932.5K | $890K | -4.6% |
Summary: Washington County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.2%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 14.4%, and 5+ bedroom homes decreased by 4.6%.
Median Sold Price Compared To Nearby Counties
| Washington County | $537.4K | $615.1K | +14.5% |
| Kent County | $375.5K | $412.5K | +9.9% |
| New London County | $319.9K | $351.3K | +9.8% |
Housing Supply in Washington County, RI
How many homes are available in Washington County, RI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 536 | 458 | -14.6% |
Summary: The Washington County real estate market had 458 homes for sale in November 2024, a 14.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 21 | 18 | -14.3% |
| 2 Bedrooms | 145 | 138 | -4.8% |
| 3 Bedrooms | 223 | 170 | -23.8% |
| 4 Bedrooms | 104 | 89 | -14.4% |
| 5+ Bedrooms | 43 | 43 | 0.0% |
Summary: The Washington County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes decreased by 4.8%, 3 bedroom homes decreased by 23.8%, 4 bedroom homes decreased by 14.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 148 | 116 | -21.6% |
Asking Price vs. Sold Price
52 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
44 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Washington County, you may be able to get a good deal. 44.8% of homes here sold below asking price last month.
Summary: A total of 116 homes were sold or pending in Washington County in November 2024, down by 21.6% month-over-month. Of the 116 sold homes, 45% were sold under asking, 17% were sold at asking, and 38% were sold over asking.
Days on Market for Washington County, RI
How long does it take to sell a home in Washington County, RI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 32 Days | 52 Days | +60.6% |
Summary: Homes in Washington County had an average of 52 days on market in Nov 2024, up by 60.6% compared to last year.
Breakdown of Home Sale Times
57 Homes Were Sold
Under 30 Days
42 Homes Were Sold
In 30 - 90 Days
17 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Washington County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 116 homes were sold in Washington County; 49% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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