$4,749 Closing Credit*
$399,900
1,168 SqFt
4 Beds
•2 Full Baths
Listing Office: HomeSmart Professionals
Is Woonsocket, 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, 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
$409,062
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$49,812(+13.9%)
Key Takeaway
Homes in Woonsocket have sold for 13.9% more than they did a year ago.
Summary: The median home sold price in Woonsocket was $409,062 in November 2024, up 13.9% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $235K | $250K | +6.4% |
| 2 Bedrooms | $280K | $320K | +14.3% |
| 3 Bedrooms | $349K | $377.7K | +8.2% |
| 4 Bedrooms | $355.8K | $425.1K | +19.5% |
| 5+ Bedrooms | $457.2K | $525K | +14.8% |
Summary: Woonsocket housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.4%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 19.5%, and 5+ bedroom homes increased by 14.8%.
Median Sold Price Compared To Nearby Cities
| Woonsocket | $359.2K | $409K | +13.9% |
| Cumberland | $441K | $500K | +13.4% |
| Blackstone | $413.5K | $437.4K | +5.8% |
| Bellingham | $479K | $500.5K | +4.5% |
| North Smithfield | $441K | $457.5K | +3.7% |
Housing Supply in Woonsocket, RI
How many homes are available in Woonsocket, RI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 151 | 139 | -7.9% |
Summary: The Woonsocket real estate market had 139 homes for sale in November 2024, a 7.9% decrease 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 | 15 | 13 | -13.3% |
| 3 Bedrooms | 55 | 51 | -7.3% |
| 4 Bedrooms | 30 | 24 | -20.0% |
| 5+ Bedrooms | 48 | 48 | 0.0% |
Summary: The Woonsocket 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 13.3%, 3 bedroom homes decreased by 7.3%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 40 | +42.9% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Woonsocket, you could pay more than the asking price. 70% of homes here sold above asking price last month.
Summary: A total of 40 homes were sold or pending in Woonsocket in November 2024, up by 42.9% month-over-month. Of the 40 sold homes, 23% were sold under asking, 8% were sold at asking, and 70% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 21 Days | 19 Days | -9.3% |
Summary: Homes in Woonsocket had an average of 19 days on market in Nov 2024, down by 9.3% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Woonsocket are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 40 homes were sold in Woonsocket; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
