North Kingstown RI Real Estate Market December 2021 Update

North Kingstown Single Family Home Sale December 2021 Report

 

Year End 2021 Home Sale North Kingstown Summary

 

This is the North Kingstown RI home sale market update for December put together by Ginny Gorman, top selling RI North Kingstown real estate agent.  This is the final statistics on the 2021 real estate home sale market.  

Always the season of buying and the Narragansett Bay waters draws the buyers into this centrally located RI town. This month shows a decrease in home sales over the prior month by 10% as well as pending home sales down 19%.

North Kingstown single average number of home solds are 22% lower for 2021 over January-December 2020 as home inventory is lacking.  Yet, in 2021 average home sold values are up 20% over 2020.  Higher priced homes sold quickly.  North Kingstown continues to be one of the sought after towns for RI home buyers. 

Ginny Gorman Sells North Kingstown Homes in RI

What makes North Kingstown the town to move into and live?

In this southern RI coastal town it is about the community, life style, schools, Wickford Village, Narragansett Bay  draws home buyers here.  North Kingstown is geographically nearly in the center of Rhode Island coastal real estate which makes commuting to Providence or south via Routes 1, 4 and 95 easy.  There is a suburban living environment here with the salt water close at hand.

Let us look at this year in North Kingstown single home sales.  Home inventory is bought up quickly under $500,000.  Buyers prefer homes to be updated in order to receive qualified well priced offers.   Realize that Zillow (which many homeowners rely on for home estimates) has no idea about the condition or location of your home.  An experienced real estate agent does their due diligence to analyze, develop a marketing plan and share comparable sold homes with sellers.

 

 North Kingstown Real Estate Current Month in 2021 home sale information is as follows:

 

  • Properties currently Active on the market: 34 (19% less homes for sale as prior month)
  • 11 homes of the Active homes on the market (of the 34) are in sales agreement already waiting to close
  • Single-family properties closed this month: 27 (30 homes last month)
  • Average sales price: $ 754,000
  • Median sales  price: $ 642,000
  • Sales price to list price ratio: 98% (102% prior month)
  • Average days on the market: 5  (29 days prior month also)
  • Sales currently pending: 35 (43 homes were in pending the prior month)
  • Average above ground square foot cost of a sold home is $298 this year.  It is a 3 bedroom, 2 bath home with 2000 above ground living space as well.
  • The highest price home sold in this town this month was in the Saunderstown neighborhood at $1,895,000.

North Kingstown home absorption rate for the month is 1.3 months of home inventory (a normal market is 5-7 months of inventory ).  Based on this most recent home sales data, the North Kingstown real estate market is in a sellers market.  

  • Home absorption is the amount of time it will take to sell all the homes currently on the market without any additional homes being added to the current home inventory.
  • Breakdown of the 27 North Kingstown sold homes is as follows for the month:home sold under $300,000, 2 homes sold between $300,000-$400,000, 20 homes sold over $400,000 andhomes sold over $ 1 million.

You will be paying top market dollar for a home that is move in ready in the right location.  Ensure you work with a real estate agent who knows the market, sells homes and can negotiate well for you.  You need to be first in line when a home comes on the market now with a proof of funds letter in your hand to buy.

 My successful Video Strategic Marketing  and consistent on line marketing increases home sales in North Kingstown and all or RI for home sellers.  Discover why my state of the art marketing has sold homes with higher prices for my clients more than any other agent.  Presenting the home from the air, land or sea determines what is the best eye candy for home buyers.  

 

North Kingstown RI Home Sale Market December 2021 Update

North Kingstown Home Sale Statistics as of December 2021

 

The average North Kingstown home sold this year is a 3 bedroom, 2 bath home with an average of 2000 above ground square feet of living space so far this year.  The average sold price is $570,000.  Single home sales numbers are down 22% for 2021 (325 sales) as compared to  2020 (415 sales).  While average home sold prices are up 20% in the same time period.

The average North Kingstown home sale this month takes 5 days from when it came to the market to the ready to close (pending) status!

Looking for North Kingstown homes for sale?   Or perhaps you are considering relocating to North Kingstown?  Click the highlighted links to explore the right RI reasons to buy in North Kingstown and one of the many desirable neighborhoods here.

Looking for the newest homes and condos in North Kingstown?  This is new construction homes/condos that may be in your price range but vary in availability.  Yet, there are resale homes/condos also to consider here.   Remember not to go it alone when buying a home.  As a buyers’ agent there is no cost for my real estate guidance and strategic negotiation skills for clients who hire me and I represent you unlike the sellers’ agent.

Here are the most current North Kingstown homes for sale under $500,000:

 

Here are the most current North Kingstown homes for sale over $500,000:

 

Talk with me about North Kingstown real estate and what you need to know in this market.  I live, play and work here and know the southern RI neighborhoods well.  Why would you entrust your home to someone to sell who is not a true North Kingstown knowledgeable specialist?  Reach me, Ginny Gorman, at 401.529.7849 or at RiByTheBay@gmail.com today for a strong listing Realtor who knows homes well.  Doing RI Real estate well for my clients is part of my DNA!

North Kingstown Real Estate Market Single Family Home Sale December 2021 Year End Report

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I would like the opportunity to help you list, market and sell your home for the highest price and earn your trust.  I am a totally ‘hands on’ top selling North Kingstown RI coastal leaving no home behind for my buyers and sellers.  My area is all of Rhode Island in listing guidance, experience in the field and strong negotiating skills working for you.  Contact me, Ginny Lacey Gorman, today at 401.529.7849 or email me at RiByTheBay@gmail.com.