Warwick, RI Home Values & Market Trends

Real estate market trends reflect that there have been 1,071 transactions over the past year in Warwick. The median value for residential home transactions that occurred over the previous year is $365,319.17. The number of current listings in Warwick is 54, and the percentage of properties for sale in the city is 54.00%. Warwick, RI currently has 24 properties in foreclosure, 1 bank owned properties, 15 properties headed for auction, and 54 properties for sale.

Warwick, RI Real Estate Market Overview

ZipMedian Est. ValueZipMedian Est. Value
02889

$ 402,560

$ 279/sqft

02886

$ 396,557

$ 270/sqft

02888

$ 413,676

$ 317/sqft

Housing Market Summary for Warwick, RI

Apr 2023March 2024Change
Median Listing Price$354.9K$369.9K4.23%
Median Sold Price$330.1K$369.9K12.06%
Homes For Sale50536.00%
Homes Sold469381-18.76%
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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%.

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Browse Homes in Warwick, RI

Warwick home values range from $33,650 to $3,872,851. The median estimated value of a home in Warwick is $365,319.17. The median list price of a home is 399,000, and the total count of properties in the city is 27,759.

Foreclosure
There are 3 zips within Warwick, RI; within these zips, the median estimated home value for homes in foreclosure ranges from $740,690 in 02889 to the lowest value of $244,361 in 02889. Foreclosure homes account for 0.00% of properties in Warwick, RI with 02889 containing 11 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.03% of all residential properties in Warwick, RI with 02886 containing 5 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 3 zips within Warwick, RI; of those zips, the estimated home value for pre-foreclosure homes ranges from $641,403 in 02886 to the lowest home value of $308,140 in 02888.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Warwick, RI ranges from the highest value of $312,852 in 02888 to the lowest value of $312,852 in 02888. Bank owned homes and properties account for 0.00% of properties in Warwick, RI. There are 3 zips within Warwick, RI; 02888 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    02889 has 9 auction properties, the highest number of properties going to auction in a single zip in the state of Warwick, RI. Auction homes and other auction properties account for 0.05% of all properties in Warwick, RI. There are 3 zips within Warwick, RI; of those zips, the median estimated home value for homes going to auction ranges from $388,307 in 02888 to the lowest value of $244,361 in 02888.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.19% of residential properties in Warwick, RI with 02889 containing 21 homes for sale, the highest number of listed properties in a single zip. There are 3 zips within Warwick, RI; homes for sale in those zips, have a range of median values from $1,750,000 in 02889 to the lowest value of $251,050 in 02886.
    Sold Homes
    The median value for recently sold homes ranges from $1,438,404 in 02888 to the lowest price of $44,238 in 02888. There are 3 zips within Warwick, RI. 02889 has 151 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 1.39% of properties in Warwick, RI.

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      Guide for Warwick, RI

      Market Reports
      Providence’s Real Estate Market Grows: Property Values Up 33% Last 12 Months
      Home Buying Guides & Tips
      Rhode Island Foreclosure Laws
      Investment Financing
      A Guide to Foreclosure Financing and Refinancing
      Market Reports
      Property Values and Sales on the Rise in Savannah, Georgia – April 2024
      See More Articles
      Providence’s Real Estate Market Grows: Property Values Up 33% Last 12 Months
      Market Reports|posted 1 April 2024

      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
      Home Buying Guides & Tips|posted 6 June 2013

      Rhode Island Foreclosure Laws

      A Guide to Foreclosure Financing and Refinancing
      Investment Financing|posted 17 April 2024

      Information on foreclosure financing, refinancing, and foreclosure mortgages.

      Property Values and Sales on the Rise in Savannah, Georgia – April 2024
      Market Reports|posted 17 April 2024

      Market report of Savannah, GA, a real estate market that has shown consistent growth, with the average property value reaching nearly $400,000.

      Recently Listed Homes Warwick, RI

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