Hey there, home buyers and sellers! We've got some great news for you - the Rhode Island housing market is still going strong in Quarter 1 2024. We've compared the year-over-year numbers from Quarter 1 2023, and the data speaks for itself. Here are the highlights:
RI Single Family Home Sales
- Median Sales Price - $440,000 (Up 12.82%)
- Average Sales Price - $572,572 (Up 16.53%)
- Average SP/OLP - 100% (Flat)
- Average DOM - 36 (Down 10.00%)
- Total Sales - 1,423 (Down 0.91%)
RI Condo Home Sales
- Median Sales Price - $341,500 (Up 6.75%)
- Average Sales Price - $407,957 (Up 1.14%)
- Average SP/OLP - 100% (Flat)
- Average DOM - 38 (Up 2.70%)
- Total Sales - 332 (Up 7.10%)
RI Multi-Family Home Sales
- Median Sales Price - $506,000 (Up 13.71%)
- Average Sales Price - $545,424 (Up 18.27%)
- Average SP/OLP - 101% (Up 1.00%)
- Average DOM - 33 (Up 3.13%)
- Total Sales - 281 (Down 11.36%)
City of Warwick Single Family Home Sales
- Median Sales Price - $400,000 (Up 17.65%)
- Average Sales Price - $424,886 (Up 11.98%)
- Average SP/OLP - 100% (Flat)
- Average DOM - 34 (Down 8.11%)
- Total Sales - 180 (Up 13.92%)
Kent County Single Family Home Sales
- Median Sales Price - $395,000 (Up 10.49%)
- Average Sales Price - $431,969 (Up 3.66%)
- Average SP/OLP - 100% (Flat)
- Average DOM - 34 (Down 12.82%)
- Total Sales - 328 (Up 3.47%)