Comprehensive market data and analysis
We're showing Rhode Island County statistics below to give you a broader market picture. As more transactions occur in Peace Dale, Rhode Island, we'll update with specific local data.
View nearby areas with more activity:
7.4 months of supply
Market conditions are relatively balanced between buyers and sellers.
| Acreage | 30D | 3M | 6M | 12M | ||
|---|---|---|---|---|---|---|
| No acreage data available for Peace Dale, Rhode Island | ||||||
The median price for land in the Rhode Island area is currently $481K per acre. For a typical parcel, the median sale price is $212K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $50K while premium lots reached $755K.
the Rhode Island area is currently a balanced market with 7.4 months of supply. Conditions favor neither buyers nor sellers significantly. Prices have increased 40.2% year-over-year.
the Rhode Island area currently has 7.4 months of inventory supply. This indicates a balanced market. Low supply means competition for available properties is high.
The median land price in the Rhode Island area stands at $212K. This translates to roughly $481K per acre for the typical parcel size. The average price is $395K, indicating some higher-priced properties pulling up the average.
The 3-month absorption rate in the Rhode Island area is 13.4%. The 12-month rate is 15.3%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Over the past 12 months, the Rhode Island area saw 342 properties sold, totaling $135.1M in sales volume. In just the last 3 months, 75 properties changed hands.
Land in the Rhode Island area typically sells within 94 days of listing. The median time on market is 36 days. Properties are moving at a moderate pace in the current balanced market.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
