Is Pascoag, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Pascoag has remained a Seller's Market.
Key Takeaway
Pascoag is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pascoag, RI
How much do homes in Pascoag, RI cost?
Median Sold Price
$410,000
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Pascoag have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in Pascoag was $410,000 in May 2024, up 5.8% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $230K | N/A |
| 2 Bedrooms | $305K | $280K | -8.2% |
| 3 Bedrooms | $400K | $419.9K | +5.0% |
| 4 Bedrooms | $472.5K | $385K | -18.5% |
| 5+ Bedrooms | $410K | $410K | 0.0% |
Summary: Pascoag housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.2%, 3 bedroom homes increased by 5%, 4 bedroom homes decreased by 18.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Mapleville | $320K | $397K | +24.1% |
| Glocester | $390K | $445.5K | +14.2% |
| Pascoag | $387.5K | $410K | +5.8% |
| Burrillville | $380K | $400K | +5.3% |
| Harrisville | $405K | $394K | -2.7% |
Housing Supply in Pascoag, RI
How many homes are available in Pascoag, RI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 23 | 18 | -21.7% |
Summary: The Pascoag real estate market had 18 homes for sale in May 2024, a 21.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 3 | -50.0% |
| 3 Bedrooms | 7 | 10 | +42.9% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 4 | 0 | -100.0% |
Summary: The Pascoag housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 42.9%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 7 | -22.2% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pascoag, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Pascoag in May 2024, down by 22.2% month-over-month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.
Days on Market for Pascoag, RI
How long does it take to sell a home in Pascoag, RI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 53 Days | 20 Days | -61.2% |
Summary: Homes in Pascoag had an average of 20 days on market in May 2024, down by 61.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pascoag are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 7 homes were sold in Pascoag; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
