Rhode Island Home Values & Market Trends
There have been 14,065 properties sold in the Rhode Island real estate market trends. Median home values in the Rhode Island housing market are $442,443.78. The median residential home value for transactions over the last 12 months is 363,201.318. The State of Rhode Island currently has 139 properties in foreclosure, 17 bank owned properties, and 112 headed for auction.
Rhode Island Real Estate Market Overview
| County | Median Est. Value | County | Median Est. Value |
|---|---|---|---|
| Providence | $ 403,953 $ 282/sqft | Newport | $ 934,490 $ 446/sqft |
| Kent | $ 415,915 $ 282/sqft | Bristol | $ 629,199 $ 401/sqft |
| Washington | $ 699,900 $ 392/sqft |
Housing Market Summary for Rhode Island
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $486K | $430.7K | -11.37% |
| Median Sold Price | $393.7K | $430.7K | 9.41% |
| Homes For Sale | 632 | 538 | -14.87% |
| Homes Sold | 5,736 | 5,846 | 1.92% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Rhode Island
Browse Homes in Rhode Island
There are currently 586 properties for sale in Rhode Island. The current home value ranges in price from 2 to 10,900,000. The total count of properties in the state is 322,495, and the percentage of properties for sale is 586.00%.
- Pre-ForeclosurePre-foreclosure homes account for 0.00% of all residential properties in Rhode Island with Kent containing 8 pre-foreclosures, the highest number of pre-foreclosure properties in a single county. There are 5 counties within Rhode Island; of those counties, the estimated home value for pre-foreclosure homes ranges from $641,403 in Providence to the lowest home value of $308,140 in Kent.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Rhode Island ranges from the highest value of $410,186 in Kent to the lowest value of $271,656 in Providence. Bank owned homes and properties account for 0.01% of properties in Rhode Island. There are 5 counties within Rhode Island; Providence containing 15 REO properties, has the highest number of bank owned properties in a single county.
- AuctionsProvidence has 54 auction properties, the highest number of properties going to auction in a single county in the state of Rhode Island. Auction homes and other auction properties account for 0.03% of all properties in Rhode Island. There are 5 counties within Rhode Island; of those counties, the median estimated home value for homes going to auction ranges from $677,786 in Washington to the lowest value of $154,971 in Washington.
Compare Nearby Cities
More Real Estate Resources for Rhode Island
Guide for Rhode Island
The article provides a comprehensive analysis of the real estate market in Providence and nearby cities, highlighting the upward trend in property values and resilience of the market despite fluctuating sales.
Rhode Island Foreclosure Laws
Information on foreclosure financing, refinancing, and foreclosure mortgages.
Market report of Savannah, GA, a real estate market that has shown consistent growth, with the average property value reaching nearly $400,000.
