Is Glocester, 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, Glocester has remained a Seller's Market.
Key Takeaway
Glocester is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Glocester, RI
How much do homes in Glocester, RI cost?
Median Sold Price
$445,500
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Glocester have sold for 14.2% more than they did a year ago.
Summary: The median home sold price in Glocester was $445,500 in May 2024, up 14.2% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | $218.5K | +18.1% |
| 2 Bedrooms | $320K | $363.5K | +13.6% |
| 3 Bedrooms | $418.7K | $479.5K | +14.5% |
| 4 Bedrooms | $471.2K | $560K | +18.8% |
| 5+ Bedrooms | $317.5K | $504.5K | +58.9% |
Summary: Glocester housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.1%, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 14.5%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes increased by 58.9%.
Median Sold Price Compared To Nearby Cities
| Mapleville | $320K | $397K | +24.1% |
| North Scituate | $420K | $479.9K | +14.3% |
| Glocester | $390K | $445.5K | +14.2% |
| Chepachet | $383.7K | $431.2K | +12.4% |
| Pascoag | $387.5K | $410K | +5.8% |
Housing Supply in Glocester, RI
How many homes are available in Glocester, RI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 33 | 29 | -12.1% |
Summary: The Glocester real estate market had 29 homes for sale in May 2024, a 12.1% 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 | 8 | 9 | +12.5% |
| 3 Bedrooms | 20 | 14 | -30.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Glocester 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 12.5%, 3 bedroom homes decreased by 30%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 8 | -27.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Glocester, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Glocester in May 2024, down by 27.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% were sold over asking.
Days on Market for Glocester, RI
How long does it take to sell a home in Glocester, RI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 20 Days | 58 Days | +185.8% |
Summary: Homes in Glocester had an average of 58 days on market in May 2024, up by 185.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Glocester are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 8 homes were sold in Glocester; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
