Hey there, home buyers and sellers! We've got some great news for you - the Rhode Island housing market is still going strong in July 2024. We've compared the year-over-year numbers from July 2023, and the data speaks for itself. Here are the highlights:
RI Single Family Home Sales
- Median Sales Price - $497,500 (Up 13.07%)
- Average Sales Price - $665,352 (Up 15.92%)
- Average SP/OLP - 102%
- Average DOM - 28 (Up 16.67%)
- Total Sales - 804 (Up 18.24%)
RI Condo Home Sales
- Median Sales Price - $395,000 (Up 8.98%)
- Average Sales Price - $463,708 (Up 5.60%)
- Average SP/OLP - 101% (Down 0.98)
- Average DOM - 31 (Up 24.00%)
- Total Sales - 199 (Up 42.14%)
RI Multi-Family Home Sales
- Median Sales Price - $550,000 (Up 10.00%)
- Average Sales Price - $596,009 (Up 6.18%)
- Average SP/OLP - 102% (No Change)
- Average DOM - 20 (Up 11.11%)
- Total Sales - 140 (Up 9.38%)
City of Warwick Single Family Home Sales
- Median Sales Price - $420,000 (Up 8.39%)
- Average Sales Price - $471,154 (Up 9.66%)
- Average SP/OLP - 103% (Down 0.96%)
- Average DOM - 22 (Up 22.22%)
- Total Sales - 75 (Down 6.25%)
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