$6,234 Closing Credit*
$525,000
1,550 SqFt
2 Beds
•3 Full Baths
Listing Office: BHHS New England Properties
Is Washington County, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$609,481
$338/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$67,161(+12.4%)
Key Takeaway
Homes in Washington County have sold for 12.4% more than they did a year ago.
Summary: The median home sold price in Washington County was $609,481 in October 2024, up 12.4% from last year, and the median price per square foot was $338.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $302.5K | $335K | +10.7% |
| 2 Bedrooms | $457K | $490.8K | +7.4% |
| 3 Bedrooms | $529.6K | $590K | +11.4% |
| 4 Bedrooms | $740K | $834.7K | +12.8% |
| 5+ Bedrooms | $1.0M | $882.5K | -15.1% |
Summary: Washington County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.7%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes decreased by 15.1%.
Median Sold Price Compared To Nearby Counties
| Washington County | $542.3K | $609.4K | +12.4% |
| New London County | $315K | $350K | +11.1% |
| Kent County | $374.9K | $409.9K | +9.3% |
Housing Supply in Washington County, RI
How many homes are available in Washington County, RI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 567 | 561 | -1.1% |
Summary: The Washington County real estate market had 561 homes for sale in October 2024, a 1.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 22 | 23 | +4.5% |
| 2 Bedrooms | 135 | 149 | +10.4% |
| 3 Bedrooms | 254 | 233 | -8.3% |
| 4 Bedrooms | 104 | 105 | +1.0% |
| 5+ Bedrooms | 52 | 51 | -1.9% |
Summary: The Washington County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.5%, 2 bedroom homes increased by 10.4%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 1%, and 5+ bedroom homes decreased by 1.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 137 | 143 | +4.4% |
Asking Price vs. Sold Price
65 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
56 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. 45.5% of homes here sold below asking price last month.
Summary: A total of 143 homes were sold or pending in Washington County in October 2024, up by 4.4% month-over-month. Of the 143 sold homes, 45% were sold under asking, 15% were sold at asking, and 39% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 33 Days | 39 Days | +16.3% |
Summary: Homes in Washington County had an average of 39 days on market in Oct 2024, up by 16.3% compared to last year.
Breakdown of Home Sale Times
71 Homes Were Sold
Under 30 Days
59 Homes Were Sold
In 30 - 90 Days
13 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 October 2024, 143 homes were sold in Washington County; 50% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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