The Q3 2025 market snapshot for South Kingstown/Wakefield (ZIP code 02879) reflects a cooling trend in pricing and a tightening of available inventory. Covering the period from July 1 to September 30, 2025, this data includes single-family homes, townhomes, and condominiums.
Key Metrics:
- Average Sales Price: $788K — down 13%
- Sales Price/List Price Ratio: 98.0% — down 2%
- Average Sales Price per Sqft: $518 — down 6%
- Number of Properties for Sale: 65 — down 7%
- Months Supply of Inventory: 0.64 months — down 19%
Trends & Implications:
1. Market Correction in Pricing
South Kingstown/Wakefield saw a 13% decline in average sales price and a 6% drop in price per square foot. This suggests a market recalibration, possibly driven by affordability pressures or seasonal shifts in demand.
2. Slight Softening in Seller Leverage
The sales-to-list price ratio dipped to 98%, indicating that buyers are negotiating more than in previous quarters, though sellers still maintain a relatively strong position.
3. Inventory Continues to Tighten
With fewer homes on the market and a 19% drop in months of inventory, supply remains constrained. This could help stabilize prices moving forward despite recent declines.
Market Effects:
- Buyers: May find slightly more negotiating room, but must act quickly due to low inventory.
- Sellers: Should price strategically to attract offers in a more price-sensitive environment.
- Investors: South Kingstown remains a desirable long-term market, especially if entering during a pricing dip.
Rob Cunningham
📞 Mobile: 925-999-6396
📧 Email: [email protected]
Let’s talk about how you can navigate South Kingstown/Wakefield’s evolving real estate market.
