Rhode Island Market Report
May 2020
Finding the right home in your budget can be difficult
Homes Under $500k Right Now 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 May 2020 to May 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.
↓ 39.1%
3,747
For Sale Units
(May 2020)
↓ 32.2%
738
Homes Sold
(May 2020)
↑ 33.8%
1,499
Under Contract Units
(May 2020)
↑ 3.5%
$383,066
Average Sold Price
(May 2020)
↑ 3.3%
$310,000
Median Sold Price
(May 2020)
↓ 9.3%
51
Avg. Days on Market
(May 2020)
↑ 2.7%
$230
Avg. Price Per Square Foot
(May 2020)
↓ 44.3%
2.4
Months of Supply
(May 2020)