Jamestown, RI Condos For Sale

Condos for Sale in Jamestown, RI: Market Snapshot

The condominium market in Jamestown, RI, mirrors the dynamic movements observed in the broader housing market, presenting both opportunities and challenges for potential buyers. Here's a brief insight:

Pricing Dynamics:

• Last month, the median sale price of condos in Jamestown touched $1.1M, reflecting a rise of 23.2% from the previous year.
• The price per square foot for these condos currently stands at $671, a substantial increase of 60.5% year-over-year.

Market Competition:

• Jamestown's condo scene is marked by moderate competition. On average, condos remain listed for about 53 days before being sold, down from 50 days last year.
• Condominiums in prime locations or with unique amenities can be the subject of multiple offers and may sell for close to, or even above, the asking price.

In summary, for those eyeing condos in Jamestown, RI, the market is currently characterized by rising prices and steady demand. The town's allure, coupled with the benefits of condominium living, such as less maintenance and access to shared amenities, continues to attract a mix of both local and out-of-state buyers.