The 02863 housing market is very competitive. The median sale price of a home in 02863 was $564K last month, up 25.9% since last year. The median sale price per square foot in 02863 is $212, up 30.4% since last year.
In October 2024, 02863 home prices were up 25.9% compared to last year, selling for a median price of $564K. On average, homes in 02863 sell after 31 days on the market compared to 14 days last year. There were 22 homes sold in October this year, up from 16 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$563,500
+25.9% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
02863, RI
$563,500
+25.9%
United States
To compare other locations to the 02863 and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Rhode Island add value to a home.
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How hot is the 02863 housing market?
02863 is very competitive. Homes sell in 28 days.
0
100
88
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 6 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 3% above list price and go pending in around 28 days.
Hot homes
can sell for about 6% above list price and go pending in around 11 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on 02863 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 02863.
Flood Factor - Minor
16% of properties are at risk of severe flooding over the next 30 years
Flood Factor
02863 has a minor risk of flooding. 308 properties in 02863 are likely to be
severely affected
by flooding over the next 30 years. This represents 16% of all properties in 02863. Flood risk is increasing slower than the national average.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
02863 has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 02863 is most at risk from hurricanes. 2,858 properties in 02863 have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 95 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 104 mph.