Is Woonsocket, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$375,000
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Woonsocket have sold for 11.9% more than they did a year ago.
Summary: The median home sold price in Woonsocket was $375,000 in April 2024, up 11.9% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $186.2K | $239K | +28.3% |
| 2 Bedrooms | $251K | $295K | +17.5% |
| 3 Bedrooms | $330K | $360K | +9.1% |
| 4 Bedrooms | $339.9K | $415K | +22.1% |
| 5+ Bedrooms | $418.7K | $470K | +12.2% |
Summary: Woonsocket housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.3%, 2 bedroom homes increased by 17.5%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 22.1%, and 5+ bedroom homes increased by 12.2%.
Median Sold Price Compared To Nearby Cities
| Woonsocket | $335K | $375K | +11.9% |
| Bellingham | $436K | $482.5K | +10.7% |
| Cumberland | $425K | $463.6K | +9.1% |
| Blackstone | $411K | $420K | +2.2% |
| North Smithfield | $432.2K | $432.9K | 0.2% |
Housing Supply in Woonsocket, RI
How many homes are available in Woonsocket, RI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 83 | 68 | -18.1% |
Summary: The Woonsocket real estate market had 68 homes for sale in April 2024, a 18.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 18 | 10 | -44.4% |
| 3 Bedrooms | 24 | 17 | -29.2% |
| 4 Bedrooms | 16 | 14 | -12.5% |
| 5+ Bedrooms | 22 | 24 | +9.1% |
Summary: The Woonsocket housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 44.4%, 3 bedroom homes decreased by 29.2%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 28 | 24 | -14.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Woonsocket, you could pay more than the asking price. 58.3% of homes here sold above asking price last month.
Summary: A total of 24 homes were sold or pending in Woonsocket in April 2024, down by 14.3% month-over-month. Of the 24 sold homes, 17% were sold under asking, 25% were sold at asking, and 58% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 27 Days | 26 Days | -5.5% |
Summary: Homes in Woonsocket had an average of 26 days on market in Apr 2024, down by 5.5% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 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 April 2024, 24 homes were sold in Woonsocket; 71% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
