Is North Scituate, 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, North Scituate has remained a Seller's Market.
Key Takeaway
North Scituate is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Scituate, RI
How much do homes in North Scituate, RI cost?
Median Sold Price
$479,900
$257/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in North Scituate have sold for 14.3% more than they did a year ago.
Summary: The median home sold price in North Scituate was $479,900 in May 2024, up 14.3% from last year, and the median price per square foot was $257.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $250K | $207K | -17.2% |
| 2 Bedrooms | $364.4K | $426K | +16.9% |
| 3 Bedrooms | $425K | $492.5K | +15.9% |
| 4 Bedrooms | $499.9K | $575K | +15.0% |
| 5+ Bedrooms | $588.5K | $900K | +52.9% |
Summary: North Scituate housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.2%, 2 bedroom homes increased by 16.9%, 3 bedroom homes increased by 15.9%, 4 bedroom homes increased by 15%, and 5+ bedroom homes increased by 52.9%.
Housing Supply in North Scituate, RI
How many homes are available in North Scituate, RI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 17 | +30.8% |
Summary: The North Scituate real estate market had 17 homes for sale in May 2024, a 30.8% 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 | 8 | 12 | +50.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The North Scituate 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 increased by 50%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Scituate, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in North Scituate in May 2024, up by 100.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for North Scituate, RI
How long does it take to sell a home in North Scituate, RI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 24 Days | 30 Days | +23.8% |
Summary: Homes in North Scituate had an average of 30 days on market in May 2024, up by 23.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in North Scituate are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 6 homes were sold in North Scituate; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
