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Short Sale Listings in Pawtucket, RI 02860

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Living in Pawtucket, RI

Pawtucket, RI, is a lively city filled with historical significance and modern amenities. It offers a rich arts culture, diverse dining options, and ample recreational spaces. Its proximity to Providence enhances connectivity and community engagement, making it an appealing choice for families and professionals alike.

Current Market Conditions in Pawtucket, RI

The real estate market in Pawtucket has seen a steady increase in demand over the past few years, largely driven by the city's affordability compared to neighboring Providence. Home sales have risen as more buyers are drawn to the area for its unique character and community-oriented atmosphere. The inventory remains tight, leading to competitive offers on properties, particularly in desirable neighborhoods.

In recent months, the interest rates and the local economy have influenced buyer behavior, with many seeking to capitalize on historically low rates, although there is a slight cooling effect as interest rates have begun to rise.

Toward the end of 2023, there has been an emerging trend of renovation projects and new constructions, indicating a revitalization of the housing stock in the area.

Home Value Estimator For Pawtucket, RI

There are currently 30,287 real estate properties in Pawtucket, RI, with a median automated valuation model (AVM) price of $370,400.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Pawtucket, RI, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Pawtucket, RI, is $393,732.00, with the most expensive house in Pawtucket, RI, topping out at $34,007,852.00 and the cheapest home in Pawtucket, RI, clocking in at $13,383.00. In other words, there’s something for every potential homebuyer or savvy investor in Pawtucket, RI!

Rent Prices In Pawtucket, RI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Pawtucket, RI, is on a rollercoaster ride. The average rent price in Pawtucket, RI, is $1,517.00. Indeed, when looking to rent in Pawtucket, RI, you can expect to pay as little as $640.00 or as much as $2,780.00, with the average rent median estimated to be $1,520.00. The good news is that finding an affordable and desirable property to rent in Pawtucket, RI -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Pawtucket, RI 02860 Short Sale Listings

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