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 Shannock, 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 Shannock, 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 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.
Land in the Rhode Island area averages $1.2M per acre. The median price per acre is $481K, which may be more representative of typical transactions. Most parcels sold are around 16,901 sq ft.
There are currently 186 active listings in the Rhode Island area. 92 new listings have hit the market in the last 90 days. The median asking price is $300K.
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.
