Is Foster, 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, Foster has remained a Buyer's Market.
Housing Prices in Foster, RI
How much do homes in Foster, RI cost?
Median Sold Price
$500,000
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Foster was $500,000 in May 2024, up 17.6% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $212.5K | $420K | +97.6% |
2 Bedrooms | $321.2K | $253.3K | -21.1% |
3 Bedrooms | $448.9K | $525K | +16.9% |
4 Bedrooms | $585K | $552.5K | -5.6% |
5+ Bedrooms | $389.9K | $500K | +28.2% |
Summary: Foster housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 97.6%, 2 bedroom homes decreased by 21.1%, 3 bedroom homes increased by 16.9%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 28.2%.
Median Sold Price Compared To Nearby Cities
Foster | $425K | $500K | +17.6% |
North Scituate | $420K | $479.9K | +14.3% |
Glocester | $390K | $445.5K | +14.2% |
Killingly | $285.5K | $315K | +10.3% |
Housing Supply in Foster, RI
How many homes are available in Foster, RI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 9 | +28.6% |
Summary: The Foster real estate market had 9 homes for sale in May 2024, a 28.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 4 | 4 | 0.0% |
4 Bedrooms | 0 | 1 | +100.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Foster 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 increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 1 | -75.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Foster in May 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Foster, RI
How long does it take to sell a home in Foster, RI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
2 Days | 8 Days | +300.0% |
Summary: Homes in Foster had an average of 8 days on market in May 2024, up by 300% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 1 homes were sold in Foster; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.