January 2014 Housing Market For Riverside, Rhode Island 02915
Happy New Year!
2013 was a great year for the Riverside Rhode Island housing market. Let's see where we are at the beginning of 2014.
Currently, there are 22 properties listed for sale with prices ranging between $75,000 to $450,000.
The median estimated home value in Riverside, RI is $174,420 which is slightly lower than the median estimated home value for all of Rhode Island which is $217,150
The median listing price in Riverside, RI is $177,500. Compared to all of Rhode Island being $225,000.
Days on the market are at 120 days in Riverside compared to 162 days for all of RI.
Days on the market are down -17% from this time last year in 2013 for Riverside compared to -8% for all of Rhode Island.
Overall, Riverside, RI as well as the entire state is poised for a 3-5% increase in home values in 2014. What that means is that sellers will be listing their homes higher, and buyers will be paying slightly more than 2013.
The Spring market is anticipated to be a vibrant market with homes that are priced correctly, selling quickly and possibly with multiple offers.
Here's whats happening for the January 2014 housing market in Riverside, Rhode Island 02915.