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April 2022 Market Update

Nick Slocum, SRS, ABR, ePRO, RENE, CIC

Nick Slocum is a third generation real estate broker and Vice President at The Slocum Agency, a real estate brokerage and insurance agency in Warwick,...

Nick Slocum is a third generation real estate broker and Vice President at The Slocum Agency, a real estate brokerage and insurance agency in Warwick,...

May 16 2 minutes read

Here are the latest single-family market stats comparing April 2022 with 2021.

Rhode Island 2022 Vs 2021

πŸ“‰ Total Sales - Down 14%

πŸ“ˆ Average Sales Price - Up 22% ($547,383) 

πŸ“ˆ Median Sales Price - Up 20% ($420,000) 

πŸ“ˆ Avg Price Per Sq Ft - Up 16% ($325) 

πŸ“‰ For Sale Units - Down 31%

Warwick 2022 Vs 2021

πŸ“‰ Total Sales - Down 16% 

πŸ“ˆ Average Sales Price - Up 33% ($422,639) 

πŸ“ˆ Median Sales Price - Up 25% ($365,000)

πŸ“ˆ Avg Price Per Sq Ft - Up 21% ($292) 

πŸ“‰ For Sale Units - Down 30%

Coventry 2022 Vs 2021

πŸ“‰ Total Sales - Down 26%

πŸ“ˆ Average Sales Price - Up 19%

πŸ“ˆ Median Sales Price - Up 13%

πŸ“ˆ Avg Price Per Sq Ft - Up 24% ($258)

πŸ“‰ For Sale Units - Down 44%

 

If you’re curious about how this year’s market impacted the value of your home, send us a message. 
We’ll happily prepare a Comparative Market Analysis for you so that you are armed with the most current information for 2022. 

Are you looking to buy or sell your home?
We're here when you need us if you have questions about starting the process. 

Information deemed reliable but not guaranteed.

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