South Kingstown Real Estate Market October 2022 Recap
Find the Best Buys for South Kingstown Homes and Condos Here
The South Kingstown housing sales in October 2022 for single family homes decreased this month over last month by 50%. Pending home sales are up by 40% over the prior month as the summer winds down. This month’s South Kingstown real estate report is provided & compiled by Ginny Lacey Gorman of RI coastal real estate.
The Current Housing update for South Kingstown RI follows:
- Properties currently active on the market: 42 of these homes on the market (6 of these homes are already in sales agreement awaiting closing).
- Single-family properties closed in the month: 17 (17 less than the prior month)
- Average sales price: $ 573,000
- Median sales price: $ 521,000
- Sales price to list price ratio: 94% (100% last month)
- Average days on the market: 32 (30 days last month)
- Sales currently pending: 28 (20 homes pending last month)
- The $421 is the average above ground per square foot cost this year so far in a South Kingstown sold home.
- The average sold home is a 3 bedroom, 2 bath home with 1700 square feet of living space this year so far.
South Kingstown home absorption rate indicates it is a sellers home market with 2.5 months of home inventory.
- Breakdown of the 17 South Kingstown sold homes is as follows for the month: 2 homes sold under $300,000, 2 homes sold between $300,000-$400,000, 12 homes sold for more than $400,000 but less than a million and 1 home sold over $1 million.
- The highest priced home sold this month in South Kingstown coastal RI real estate is $1,372,500 in the Green Hill neighborhood.
In the first ten months of 2022 South Kingstown home sold prices ($689,000 on average and the median price is $575,000) were up by 22% over the same time period in 2021 in this town (median price is up 19%). January – October 2022 had 12% fewer homes sold over January -October 2021. The average home sold here was a 3 bedrooms, 2 baths and 1700 of above ground square feet. The average above ground square foot cost for a sold home here in 2022 so far is $421.
Here are the most current and up to date South Kingstown homes for sale under $600,000:
Here are the most current and up to date South Kingstown homes for sale over $600,000:
Get to know one of the newest South Kingstown condo complexes built near the shore called South Shore Village off Shannock Road. The new South Shore Village condos near the South Kingstown and Charlestown beaches may be what you are looking for with all the amenities offered. It is a 55+ community and all condo units are standalone homes on one level with full basements. It is a large complex that offers salt water pools, walking trails, workout center, club house & a golf course and more.
A Buyer’s Agent is Needed when Buying a Home
Use a buyer representative other than the builder’s representative when purchasing a new construction condo or a home. You want a buyer’s agent who protects you from unnecessary fees and/or upgrades that add to your final home cost. Call me, Ginny Gorman, as your Buyer’s real estate agent when looking here in RI. It costs you nothing as a buyer and I protect your home buying interests always.
If you are thinking of selling your home, land or condo, please call me, Ginny Gorman, for your home market analysis at 401.529.7849. My RI real estate coastal neighborhood town knowledge sells homes by attracting buyers with my online presence again and again.
Why would you entrust your home to someone but a South Kingstown specialist and a top selling real estate agent? Reach out to me, Ginny Gorman, at 401.529.7849 or at RiByTheBay@gmail.com today. It’s the nooks and crannies of places that motivate me too to help you reach your home goal!
Real estate is my passion…marketing is my business…and is in my DNA!
South Kingstown Single Family Homes for Sale Market Report October 2022 is here for you.
I would love the opportunity to help you market, sell your home for the best price and earn your trust. I am a totally ‘hands on’ selling South Kingstown RI coastal real estate agent leaving no home unknown for my southern RI buyers and sellers! My state of the art marketing sells home well. Always contact me, Ginny Lacey Gorman, today at 401.529.7849 or email me at RiByTheBay@gmail.com.