As we enter a new month, we decided to research and recap May’s real estate sales history in Barrington, Bristol, Portsmouth, and the East Side of Providence. We constantly hear that the market is “crazy” and that inventory is incredibly low, but we were curious exactly how significantly the numbers have changed over the past few years. We found that the median sale price in most markets has drastically increased, and that homes this year, on average, are selling for 100% of their list price (or more!) As you will see below, is still a fantastic time to sell.
Here is the sales history for single family homes in the month of May over the last three years:
Barrington
May 2021:
- Total Sales: 18
- Median Sale Price: $587,900 / $312 psf (per square foot)
- Percentage of List Price: 105%
May 2020:
- Total Sales: 29
- Median Sale Price: $497,500 / $252 psf
- Percentage of List Price: 98%
May 2019:
- Total Sales: 24
- Median Sale Price: $500,000 / $248
- Percentage of List Price: 99%
Bristol
May 2021:
- Total Sales: 17
- Median Sale Price: $408,000 / $252 psf
- Percentage of List Price: 101%
May 2020:
- Total Sales: 12
- Median Sale Price: $352,500 / $260 psf
- Percentage of List Price: 99%
May 2019:
- Total Sales: 19
- Median Sale Price: $342,000 / $220 psf
- Percentage of List Price: 98%
Portsmouth
May 2021:
- Total Sales: 24
- Median Sale Price: $571,625 / $323 psf
- Percentage of List Price: 100%
May 2020:
- Total Sales: 15
- Median Sale Price: $507,000 / $253.00 psf
- Percentage of List Price: 100%
May 2019:
- Total Sales: 27
- Median Sale Price: $487,000 / $251 psf
- Percentage of List Price: 97%
East Side of Providence
May 2021:
- Total Sales: 19
- Median Sale Price: $815,000 / $319 psf
- Percentage of List Price: 100%
May 2020:
- Total Sales: 13
- Median Sale Price: $678,000 / $250 psf
- Percentage of List Price: 99%
May 2019:
- Total Sales: 23
- Median Sale Price: $651,000 / $261 psf
- Percentage of List Price: 100%
Total: Barrington, Bristol, Portsmouth & East Side
May 2021:
- Total Sales: 78
- Median Sale Price: $597,000 / $311 psf
- Percentage of List Price: 101%
May 2020:
- Total Sales: 69
- Median Sale Price: $505,000 / $252 psf
- Percentage of List Price: 99%
May 2019:
- Total Sales: 93
- Median Sale Price: $485,000 / $249 psf
- Percentage of List Price: 98%
The Chart House Realtors team would be happy to provide you with additional information regarding your real estate market and property value. Click the button below to receive a free, no-obligation home valuation report.
About Chart House Realtors
Written by Matthew Antonio, Team Leader for Chart House Realtors in Barrington, RI.
Chart House Realtors combines the best aspects of size and scale. We are a small boutique firm with 9 full-time, local members. We operate out of our office in Barrington, RI conducting business throughout RI and MA. We are also affiliated with Keller Williams, which is the largest real estate brand in the world, with more agents, more sales and more reach than any other real estate company. So, our clients get the best of both worlds!
Our small, local size gives us the ability to craft a unique personalized plan for each and every client. At the same time, the size and scale of Keller Williams allows us to reach buyers and sellers on a national and international level. Year-to-date, Chart House is ranked among the top 1% in sales across all agents in Rhode Island and Massachusetts.
If you are considering buying or selling property anywhere in Southern New England, we would love to hear from you.