North Kingstown Single Family Home Sales
November 2021 Report
This is the North Kingstown RI single family housing market update for November developed by Ginny Gorman, a top selling RI coastal real estate agent. This is the 2021 real estate home sale market that homeowners and buyers want to hear about.
With the season of buying always here and the Narragansett Bay waters drawing the buyers into this centrally located RI town. This month is showing a decrease in home sale closings over the prior month down by 3% and pending home sales are up 10% over the prior month.
North Kingstown single average home sold numbers here are 17% lower in January-November 2021 over January-November 2020 as home inventory is not as available. Yet, this year average home sold values are up 22% in the same time period for the year 2021 over 2020. Higher priced homes are selling quickly now. North Kingstown continues to be one of the desirable towns for RI home buyers.
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 and great real estate that 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 an added bonus to all who live here. There is a suburban living environment here with the salt water close at hand.
Let us look at this year so far in North Kingstown 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 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: 42 (28% less homes for sale as prior month)
- 7 homes of the Active homes on the market (of the 42) are in sales agreement already waiting to close
- Single-family properties closed this month: 30 (29 homes last month)
- Average sales price: $ 560,000
- Median sales price: $ 477,000
- Sales price to list price ratio: 102% (101% prior month)
- Average days on the market: 29 (29 days prior month also)
- Sales currently pending: 43 (39 homes were in pending the prior month)
- Average above ground square foot cost of a sold home is $295 so far 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 $1,175,000.
North Kingstown home absorption rate for the month is 1.4 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 30 North Kingstown sold homes is as follows for the month: 1 home sold under $300,000, 3 homes sold between $300,000-$400,000, 24 homes sold over $400,000 and 2 homes sold over $ 1 million.
You will be paying market top dollar for homes that are move in ready in the right location. Make sure you work with a real estate agent who knows the market and can negotiate well for you. You need to be first in line when a home comes on the market now with a lender’s proof of funds letter in your hand.
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 Home Sale Statistics as of November 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 $553,000. Single home sales numbers are down 17% for January-November 2021 (298 sales) as compared to January-November 2020 (378 sales). While average home sold prices are up 22% in the same time period.
The average North Kingstown home sale this month takes 29 days from when it came to the market to the ready to close (pending) status.
Buyers are still looking safely for homes to meet their North Kingstown real estate needs.
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 like the back of my hand. Why would you entrust your home to someone to sell who is not a true North Kingstown 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 November 2021 Report
I would love the opportunity to help you list, market and sell your home for the right price and earn your trust. I am a totally ‘hands on’ top selling North Kingstown RI coastal and luxury real estate agent 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.