North Kingstown Home Sale Market January 2025 Report
Find the Best Homes and Condos for Sale in North Kingstown Here
The North Kingstown home sale market is an exciting and thriving RI real estate market. North Kingstown is not just a place – it is brimming with coastal charm, a rich history, and a community spirit that is welcoming. Significant trends in this local real estate market makes it a location to buy into. This recap is compiled by Ginny Gorman, a top selling North Kingstown & top RI coastal real estate agent.
It is always the season of home buying by the Ocean State waters which draw buyers into this RI town. This month shows the a decrease number of home sales in North Kingstown compared to the prior month. Pending home sales are up this month by 64% over the prior month. Yet, we are still in a sellers market here with a limited number of home inventory for sale. Home buyers want suburban living, space, good schools and community in their choice of RI towns.
Let us look at the North Kingstown Home Sales and market trends in past years first, as follows:
The number of North Kingstown home sales numbers in 2024 were 2% more than in 2023. In 2024, home sold prices are up by 14% over 2023. Now starting 2025, the median home price is rising reflecting the desirability of the town. With a low home inventory buyer competition remains strong with homes going into a pending sales contract in42 days.
In this southern RI coastal town it is about the community, life style, schools, Wickford Village, Narragansett Bay. North Kingstown is geographically the center of Rhode Island coastal real estate state which makes easy commuting in RI.
Know Ginny Gorman Lists and Sells North Kingstown Homes with Trust, Knowledge & Integrity
An experienced real estate agent does due diligence with a solid marketing plan in home pricing. The location, condition of home and knowing the community is essential. Know it is important to hire a local agent that knows this market well. This is the business I am committed to everyday for my clients.
Catch a short video of a new home building plat called Reynolds Farm in town: Reynolds Farm in North Kingstown RI New Construction. Work with me and I will make sure you are first for the new plat here. But be ready and able to buy!
North Kingstown Single Home Sales Details for this month are as follows:
-
- Properties currently Active on the market: 28 (3% fewer homes for sale than the prior month)
- 5 homes of these Active homes on the market (of the 28) are in sales agreement already waiting to close
- Single-family properties closed this month: 11
- Average sales price: $ 762,000
- Median sales price: $ 760,000
- Sales price to list price ratio: 99%
- Median days on the market: 42
- Sales currently pending: 18
- Average above ground square foot cost of a sold home is $391 (median/ square foot is $366) so far this year. Also, it is a 3 bedroom, 2 bath home with 1900 above ground living space that sold, on average.
- The highest price home sold in town this month is $1,700,00 in the Saunderstown waterfront neighborhood.
North Kingstown homes sales absorption rate for the month is 2.5 months of homes. Based on most recent home sales, the North Kingstown homes sale market continues as a strong sellers market.
-
- Home absorption is the amount of time it will take to sell all the homes currently on the market.
- Breakdown of the North Kingstown sold homes is as follows for this month: 0 homes sold under $300,000, 0 home sold between $300,000-$400,000, 10 homes sold over $400,000 and 1 home sold over $1 million.
Why North Kingstown is the Place to Be
It is coastal living in RI at its finest since it is nestled along Narragansett Bay. Stunning waterfront views, quiet beaches and access to water activities like sailing, fishing and kayaking. Outdoor recreation is plentiful for homeowners here. From hiking trails, golf courses, marinas, parks there is plenty to enjoy. Top rated schools are the pride of North Kingstown as well.
The town has a strong history with landmarks like the Gilbert Stuart birthplace and museum. Explore the quaint historic homes on the streets of Wickford Village rich in colonial architecture. It is a hub of culture with its seaside boutiques and the annual reknowned Wickford Art Festival.
While it boasts a peaceful small town vibe, the town is located 20 minutes from Providence and Newport. You never are far away from city amenities and cultural happenings (Providence Waterfire and the AMP arena, for example).
- Ensure you work with a local real estate agent who knows the market and can negotiate well for you. Call me since I know all of RI so well in all aspects and can guide you. My successful Video Strategic Marketing and consistent on line marketing increases home sales. Discover why my state of the art marketing has sold homes with higher prices for my clients more than any other agent. Presenting a home from all vistas determines what is the ‘best eye candy’ for buyers. Perhaps you are considering a move to North Kingstown? Click the highlighted link to explore in North Kingstown.
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:
Here are the most current North Kingstown Condos for Sale:
Talk with me, Ginny Gorman, about all RI real estate and what you need to know in this market. I live, play and work here and know the southern RI neighborhoods well. Experience and negotiating skills are the extras I bring to the table for my clients.Reach me, Ginny Gorman, at 401.529.7849 or at RiByTheBay@gmail.com today.
Doing and maneuvering in RI Real estate well for my clients is part of my DNA!
This is the January 2025 North Kingstown real estate single family home sale update.
~~~~~~~~~~~~~~~~~~~~~~~~~
My listing and selling area is all of Rhode Island. Bringing listing guidance, experience in this 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. It is good to be known as the Realtor with the Sparkly Red Shoes in RI because there is no place like home!
