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February 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,...

Mar 7 2 minutes read

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

Rhode Island 2021 Vs 2020


πŸ“‰ Total Sales - Down 12.7%

πŸ“ˆ Average Sales Price - Up 14.8% ($482,912) 

πŸ“ˆ Median Sales Price - Up 15.5% ($369,500)  

πŸ“ˆ Avg Price Per Sq Ft - Up 13.4% ($297) 

πŸ“‰ For Sale Units - Down 39.6%

πŸ“ˆ Under Contract Units - Up 13.6%



Warwick 2021 Vs 2020

πŸ“ˆ Total Sales - Up 1.5% 

πŸ“ˆ Average Sales Price - Up 12.5% ($361,311)

πŸ“ˆ Median Sales Price - Up 8.3% ($325,000) 

πŸ“ˆ Avg Price Per Sq Ft - Up 18.4% ($251) 

πŸ“‰ For Sale Units - Down 36.9% 

πŸ“ˆ Under Contract Units - Up 7.2% 

Coventry 2021 Vs 2020

πŸ“‰ Total Sales - Down 6.1% 

πŸ“ˆ Average Sales Price - Up 28.1% ($345,849) 

πŸ“ˆ Median Sales Price - Up 10.5% ($315,000)  

πŸ“ˆ Avg Price Per Sq Ft - Up 21.2% ($240) 

πŸ“‰ For Sale Units - Down 43.2% 

πŸ“ˆ Under Contract Units - Up 43.3% 


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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