$4,453 Closing Credit*
$375,000
1,073 SqFt
3 Beds
•1 Full Bath
Listing Office: RE/MAX Town & Country
Is Woonsocket, 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, Woonsocket has remained a Seller's Market.
Key Takeaway
Woonsocket is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Woonsocket, RI
How much do homes in Woonsocket, RI cost?
Median Sold Price
$404,583
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$49,616(+14.0%)
Key Takeaway
Homes in Woonsocket have sold for 14% more than they did a year ago.
Summary: The median home sold price in Woonsocket was $404,583 in October 2024, up 14% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $235K | $220K | -6.4% |
| 2 Bedrooms | $275K | $320K | +16.4% |
| 3 Bedrooms | $349K | $370K | +6.0% |
| 4 Bedrooms | $350K | $425.1K | +21.5% |
| 5+ Bedrooms | $445.5K | $525K | +17.8% |
Summary: Woonsocket housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.4%, 2 bedroom homes increased by 16.4%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 21.5%, and 5+ bedroom homes increased by 17.8%.
Median Sold Price Compared To Nearby Cities
| Woonsocket | $354.9K | $404.5K | +14.0% |
| Cumberland | $443.6K | $485.3K | +9.4% |
| Blackstone | $410K | $440K | +7.3% |
| Bellingham | $479K | $500K | +4.4% |
| North Smithfield | $440K | $454.5K | +3.3% |
Housing Supply in Woonsocket, RI
How many homes are available in Woonsocket, RI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 119 | 142 | +19.3% |
Summary: The Woonsocket real estate market had 142 homes for sale in October 2024, a 19.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 8 | -11.1% |
| 2 Bedrooms | 15 | 12 | -20.0% |
| 3 Bedrooms | 36 | 56 | +55.6% |
| 4 Bedrooms | 20 | 24 | +20.0% |
| 5+ Bedrooms | 39 | 42 | +7.7% |
Summary: The Woonsocket housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 55.6%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 30 | +11.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Woonsocket, you could pay more than the asking price. 73.3% of homes here sold above asking price last month.
Summary: A total of 30 homes were sold or pending in Woonsocket in October 2024, up by 11.1% month-over-month. Of the 30 sold homes, 10% were sold under asking, 17% were sold at asking, and 73% were sold over asking.
Days on Market for Woonsocket, RI
How long does it take to sell a home in Woonsocket, RI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 23 Days | +3.6% |
Summary: Homes in Woonsocket had an average of 23 days on market in Oct 2024, up by 3.6% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Woonsocket are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 30 homes were sold in Woonsocket; 73% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
