Cumberland Hill, RI Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Cumberland Hill, RI is $490,000, up 7.1% year-over-year. Homes sell in an average of 25 days with 11 active listings. The market is currently a strong seller's market.
$490,000median sale price
Is Cumberland Hill a buyer's or seller's market?
Cumberland Hill, RI is currently a strong seller's market, based on 1.1 months of supply and homes selling in about 25 days. How we determine this →
Homes sold
10
Last 12 weeks
Days on market
25
Average pace
Active listings
11
1.1 months supply
Sale-to-list
101.0%
Above asking
Cumberland Hill, RI market data
| Metric | Value |
|---|---|
| Median sale price | $490,000 |
| Median list price | $494,450 |
| Year-over-year price change | +7.1% |
| Average days on market | 25 days |
| Active inventory | 11 listings |
| Months of supply | 1.1 months |
| Sale-to-list price ratio | 101.0% |
| Market condition | Strong seller's market |
Source: Redfin · Updated weekly
The Cumberland Hill housing market is currently classified as a strong seller's market with a median sale price of $490,000. Prices have risen 7.1% compared to last year, with homes spending an average of 25 days on market, indicating 1.1 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Cumberland Hill
There are currently 11 homes listed for sale in Cumberland Hill, Rhode Island. The median listing price is $494K.
Active listings
11
Homes on market
Median list price
$494K
Avg. days on market
25
Days until sale
New this week
8
Newly listed
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Frequently asked questions
What is the average home price in Cumberland Hill?
The median home sale price in Cumberland Hill is $490,000, up 7.1% from last year.
How long do homes stay on market in Cumberland Hill?
Homes typically spend 25 days on market before going under contract.
Is Cumberland Hill a buyer's or seller's market?
With 1.1 months of supply, Cumberland Hill is currently a strong seller's market.
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