In the past 10 years Spectrum REC has helped more people buy/sell homes in Woonsocket, RI, than any other Real Estate team. If you’re looking to buy a home in Rhode Island that offers your family many things to do, is close to everything, and has an affordable standard of living, then we recommend you take a close look at Woonsocket, Rhode Island homes for sale.
Located in northeastern Rhode Island, Woonsocket has a rich and varied past. A sleepy farming community until the 1800s, Woonsocket became one of the nineteenth century’s great industrial centers. Today it’s a vibrant, urban community that offers the right blend of dynamic city life and cozy small-town comfort.
Let’s take a closer look at what makes Woonsocket a great place to live, some things to do in Woonsocket, the current housing market, and some Woonsocket, Rhode Island homes for sale today.
Woonsocket is a Great Place to Live
Living in Woonsocket has a suburban feel, which is a bonus for families looking for more space than in larger, densely packed cities, and it’s a safe area for raising children. It is an eclectic mix of the old and the new, providing a wonderful environment in which to live and work. Its location provides its residents easy access to Providence, Boston, and Worcester for work, education, and leisure activities.
Woonsocket hosts many regional attractions, including The Museum of Work & Culture, located downtown, which displays artifacts and memorabilia from the City’s unique past, including its prominent role in the American Industrial Revolution. The museum also showcases the history of French-Canadian immigrants settling with their families in Woonsocket.
Residents can also explore the recently completed Veterans Memorial Museum, which pays homage to Woonsocket’s brave men and women who have served our country. The Stadium Theatre Performing Arts Centre has been restored to its original 1920s grandeur and offers a wide range of entertainment, including musicals, comedy shows, murder mysteries, dramatic performances, and concerts.
The Woonsocket Harris Public Library opened in 1868 and was the first public library in Rhode Island. The library offers a wide range of programs such as children’s knitting, computer, Zumba, storytime, book clubs, and writing classes.
If you prefer outdoor activities, Woonsocket offers a scenic bike path along the beautiful Blackstone River and several athletic and recreational facilities. The River Island Arts Park, located on the Blackstone River, is home to free concerts, Movies in the Park, and Arts & Cultural Festivals throughout the year. On hot summer days, you can take the family to cool off at the splash park at World War II Memorial Park.
If you crave adventure, kayaking and canoeing down the Blackstone River is an experience not to be missed. The river meanders through unique and diverse landscapes, including farmlands, mills, urban areas, and historic villages. It’s got easy-to-navigate sections as well as exciting rapids.
Bernon Park is a great place to go for an afternoon walk or a lazy evening stroll with a loved one. It is well-maintained, has a lot of beautiful greenery, and usually hosts various fun events to watch.
The annual Autumnfest celebration is not to be missed! It is a three-day food festival, arts and crafts, amusement rides, live entertainment, and a spectacular fireworks display.
After a day out in nature or visiting historic sites, you can relax at one of the many excellent restaurants that have popped up in recent years. Woonsocket even has two local microbreweries for you to sample. There’s certainly no shortage of things to do!
Woonsocket’s Best Neighborhoods
Like all cities, Woonsocket has a combination of different neighborhoods that make up the whole. There are ten neighborhoods that make up the city. Here’s a look at the top three neighborhoods:
Bernon District South
Bernon District South is a suburban neighborhood in Woonsocket with a median real estate price of $321,947. The neighborhood is primarily made up of medium-sized single-family homes and small apartment buildings. The majority of residents are upper-middle income.
Many of the homes in the Bernon District South neighborhood are older and well-established, built between 1940 and 1969. If you’re romantic about the look and feel of such neighborhoods, with fresh pizza, falafel, and an independent florist at the corner, you might find the Bernon District South neighborhood worth a close look.
The median real estate price in Oak Grove is $320,665. Oak Grove real estate comprises small (studio to two-bedroom) to medium-sized (three or four bedroom) single-family.
Oak Grove is considered to be a low- to the middle-income neighborhood. In the neighborhood, 33.6% of the working population is employed in executive, management, and professional occupations. This neighborhood’s second largest occupational group is sales and service jobs at 29.2%, 21.9% of the residents are employed in manufacturing and laborer occupations, and 15.3% in clerical, assistant, and tech support occupations.
The median real estate price in East Woonsocket is $319,684. The neighborhood comprises medium-sized (three or four-bedroom) to small (studio to two-bedroom) single-family homes and apartment complexes/high-rise apartments.
The residents of the East Woonsocket neighborhood are primarily lower-middle income. In this neighborhood, 31.7% of the working population is employed in executive, management, and professional occupations. Next come sales and service jobs, comprising 30.2% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (19.9%) and 15.6% in clerical, assistant, and tech support occupations.
Woonsocket’s Housing Market Today
According to the most recent statistics from the Rhode Island MLS, the Woonsocket housing market is very competitive. Homes in Woonsocket tend to sell in around 25 days. In October 2022, Woonsocket home prices were up 10.7% compared to last year. There were 46 homes sold in October this year, up from 36 last year.
As of early December, there were 97 homes on the market. They range from small 1-bedroom starter homes up to large 4-bedroom family homes. There were also a few double and triple-decker homes on the market, making Woonsocket a great place for real estate investors to look to add to their investment portfolio. The median list price of homes in Woonsocket, RI, rose from $269,900 in November 2021 to $314,900 in November 2022. This level of price appreciation indicates that Woonsocket is still mostly a seller’s market.
In November 2022, from all listings sold in Woonsocket, RI, more than 12 sold above the asking price, over seven sold below, and more than two were sold right at the asking price.
Woonsocket, Rhode Island Homes for Sale
To give you an idea of what is available for you and your family in Woonsocket, here’s a sneak peek at three houses currently on the market:
Description: Looking for a move-in ready home? Need 3+ bedrooms? 3 Full baths? Updated kitchen? Fenced and landscaped backyard with a pool and hot tub? Large 2-car garage? Loads of storage? Lots of charm? Here it is! This lovely home is located within minutes of 146- Walk to Mount St Charles Academy!
403 Louise St.; $569,900; 4 Bed, 2.5 Bath; 2,200 Sqft
Description: Brand new spacious 4 bed/ 2. 5 bath colonial in an extremely convenient location of East Woonsocket on the Cumberland line. Close to Massachusetts or Providence. The new development is full of impressive, modern homes on a nice wide street. The home boasts two car garage, hardwoods, granite, a fireplace, a walk-out basement, and a large private back deck that looks out over the woods and the Blackstone River. There are many custom upgrades: two separate high-efficiency heating and air conditioning units to increase efficiency and save costs; over-sized kitchen island; closet upgrade; door, trim, and stairs upgrade package and a second electrical panel in the basement which makes it much less expensive to finish the space there in the future. This home was professionally designed and decorated and showed very large bedrooms and a ton of natural light.
Description: Handsome and well-maintained 4-5 bedroom, 2 bathroom colonial with 2-car attached garage in nice East Woonsocket neighborhood. This sprawling home features 2,260 sqft of living area and offers a possible in-law or primary suite on the second level with three rooms plus a kitchenette, full bath with shower stall, and a large whirlpool tub. The first floor includes a large sunken family room, an eat-in kitchen, 2 bedrooms, a full bath with laundry, and a primary bedroom with vaulted ceilings. Set on a nice flat lot backing up to the woods, with plenty of parking. Don’t miss this one! Ready for immediate occupancy.
Finding Your Woonsocket Dream Home
So now you know why Woonsocket is a great place to live, some things to do in the area, what the best neighborhoods are, the current housing market, and have an idea about a handful of available properties. Are you ready to explore Woonsocket as a possible place to buy your dream home?
If so, how do you go about finding your Woonsocket dream home? Nowadays, most people start their search online. They also ask people who live in the area if they know anyone who does. The best way to find your new home is to work with a real estate agent. As you surf online for houses, you should also be shopping for a real estate agent – and we’d love to work with you!
Here at the Spectrum Real Estate Consultants Team, we’re the top-producing team of Realtors at Keller Williams Realty Leading Edge, completing over 1000+ successful transactions since 2015. Our mission is to provide our clients with world-class service while simplifying the Real Estate transaction through experience, technology, and effective communication.
Our team members are licensed and serve their local communities throughout Rhode Island, Massachusetts, and Connecticut. Our knowledge and professional experience allow us to identify opportunities and prevent unnecessary setbacks, saving you time, money, and frustration. Feel free to call us at (401) 334-3334 or schedule a time to talk, and you’ll be well on your way to finding and buying your dream home.