Rhode Island Market Report

August 2020

If you’re thinking about selling your home, it's important to have a good understanding of what’s going on in the local market.  Knowing the most important data such as the average sales price, number of homes sold, and days on market will better prepare you to sell your home.

Our market report for Rhode Island showcases everything you need to know about local real estate trends and compares the statistics from August 2020 to August 2019.  

Are you curious about the numbers in a specific city or town?  
Reach out and we'd be happy to run those numbers for you.

 

↓ 40%

3,820

For Sale Units

(August 2020)

↑ 4.7%

1,147

Homes Sold

(August 2020)

↑ 81.5%

1,875

Under Contract Units

(August 2020)

 

↑ 28.3%

$468,432

Average Sold Price

(August 2020)

↑ 13.3%

$334,125

Median Sold Price

(August 2020)

 

↓ 14.7%

51

Avg. Days on Market

(August 2020)

↑ 22.1%

$271

Avg. Price Per Square Foot

(August 2020)

↓ 70.7%

1.3

Months of Supply

(August 2020)

Warwick Market Report

Stats for August of 2020 and how they compared to August of 2019 for Single Family Homes

 

↓ 39.7%

368

For Sale Units

(August 2020)

↓ 0.8%

118

Homes Sold

(August 2020)

↑ 72%

203

Under Contract Units

(August 2020)

 

↑ 13.1%

$306,967

Average Sold Price

(August 2020)

↑ 13.5%

$270,000

Median Sold Price

(August 2020)

 

↓ 34.1%

36

Avg. Days on Market

(August 2020)

↑ 12.9%

$219

Avg. Price Per Square Foot

(August 2020)

↓ 71.6%

1.1

Months of Supply

(August 2020)

Curious about what
your home is worth now?

We're able to explain what these numbers mean for you and your home's current market value. 

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