Is West Greenwich, RI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Greenwich is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in West Greenwich, RI

How much do homes in West Greenwich, RI cost?

Median Sold Price

$604,000

$262/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$54,000(+9.8%)

Key Takeaway

Homes in West Greenwich have sold for 9.8% more than they did a year ago.

Summary: The median home sold price in West Greenwich was $604,000 in November 2024, up 9.8% from last year, and the median price per square foot was $262.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $87.5K$178.5K
+104.0%
2 $520K$409K
-21.3%
3 $491.2K$610K
+24.2%
4 $733.2K$775K
+5.7%
5+ -$440K
N/A

Summary: West Greenwich housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 104%, 2 bedroom homes decreased by 21.3%, 3 bedroom homes increased by 24.2%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Exeter
+14.6%
East Greenwich
+14.5%
West Greenwich
+9.8%
Coventry
+7.0%

Housing Supply in West Greenwich, RI

How many homes are available in West Greenwich, RI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1714-17.6%

Summary: The West Greenwich real estate market had 14 homes for sale in November 2024, a 17.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 1110
-9.1%
4 44
0.0%
5+ 10
-100.0%

Summary: The West Greenwich 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 decreased by 100%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
37+133.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Greenwich, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in West Greenwich in November 2024, up by 133.3% month-over-month. Of the 7 sold homes, 57% were sold under asking, 0% were sold at asking, and 43% were sold over asking.

Days on Market for West Greenwich, RI

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

Average Sale Time

Nov 2023Nov 2024CHANGE
20 Days35 Days+73.5%

Summary: Homes in West Greenwich had an average of 35 days on market in Nov 2024, up by 73.5% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in West Greenwich has remained consistent over time.

Summary: During November 2024, 7 homes were sold in West Greenwich; 43% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 0% 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 17 Days Ago

Newest Listings in West Greenwich, RI

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