Jamestown, RI Real Estate Listings & Homes for Sale

In November 2024, Jamestown's real estate market saw notable growth, with home prices rising 7.0% year-over-year to a median price of $1.3 million. This upward trend reflects the area's increasing desirability, driven by its unique charm and appeal. Homes in Jamestown typically spent an average of 61 days on the market, slightly longer than the 58 days recorded last year, signaling a modest shift in market pace. Despite this, sales activity surged, with 9 homes sold in November 2024 compared to 6 during the same month in 2023. This combination of rising prices and increased sales highlights a resilient and attractive market, where demand continues to grow even amid subtle shifts in transaction timelines.

Jamestown’s real estate market is moderately competitive, with homes typically selling within 60 days. While most properties sell for about 5% below their list price, some attract multiple offers, showcasing the market's dynamic nature. "Hot homes," which often feature desirable amenities or prime locations, can sell at or near their list price and go pending faster, averaging around 48 days. This balance between competitive pricing and buyer demand offers opportunities for both buyers seeking value and sellers aiming to secure strong offers on standout properties.

As of December 2024, Jamestown, RI, is a seller’s market, where the number of buyers actively seeking homes outpaces the available inventory. This imbalance creates favorable conditions for sellers, often leading to competitive offers and quicker sales for well-priced properties. Buyers in this market may need to act decisively and be prepared to navigate bidding wars or limited negotiation leverage. The high demand underscores Jamestown’s appeal as a sought-after destination, reflecting its unique charm and desirable lifestyle offerings.