Rhode Island Home Values & Market Trends
There have been 13,969 properties sold in the Rhode Island real estate market trends. Median home values in the Rhode Island housing market are $432,006.8. The median residential home value for transactions over the last 12 months is 360,885.784. The State of Rhode Island currently has 171 properties in foreclosure, 26 bank owned properties, and 138 headed for auction.
Rhode Island Real Estate Market Overview
County | Median Est. Value | County | Median Est. Value |
---|---|---|---|
Providence | $ 377,030 $ 262/sqft | Newport | $ 861,171 $ 545/sqft |
Kent | $ 401,040 $ 280/sqft | Bristol | $ 668,035 $ 426/sqft |
Washington | $ 577,774 $ 366/sqft |
Housing Market Summary for Rhode Island
Mar 2023 | February 2024 | Change | |
---|---|---|---|
Median Listing Price | $450K | $423.5K | -5.88% |
Median Sold Price | $391.9K | $423.5K | 8.07% |
Homes For Sale | 602 | 488 | -18.94% |
Homes Sold | 6,371 | 6,508 | 2.15% |
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 502 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 322,327, and the percentage of properties for sale is 502.00%.
- Pre-ForeclosurePre-foreclosure homes account for 0.00% of all residential properties in Rhode Island with Kent containing 6 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 $655,559 in Providence to the lowest home value of $310,881 in Kent.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Rhode Island ranges from the highest value of $424,200 in Kent to the lowest value of $211,203 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 22 REO properties, has the highest number of bank owned properties in a single county.
- AuctionsProvidence has 80 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 0.04% 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 $649,373 in Newport to the lowest value of $156,150 in Newport.
Compare Nearby Cities
More Real Estate Resources for Rhode Island
Guide for Rhode Island
Rhode Island Foreclosure Laws
A few quick tips to prepare you for selling a luxury home at auction
The Fremont, California real estate market experienced considerable fluctuation throughout 2023 and into 2024, with significant peaks and stabilization across various parameters.
Santa Ana’s real estate market thrives with fluctuating median property values and diverse submarkets. Recent trends indicate potential opportunities for investors with varied budgets despite market volatility, enhanced by Santa Ana’s comparatively low foreclosure rates and value-for-money square foot pricing.