Market Update: February 2024
Hey there, home buyers and sellers! We've got some great news for you - the Rhode Island housing market is still going strong in February 2024. We've compared the year-over-year numbers from November 2023, and the data speaks for itself. Here are the highlights:
RI Single Family Home Sales
- Median Sales Price - $440,000 (Up 13.70%)
- Average Sales Price - $553,402 (Up 18.63%)
- Average SP/OLP - 100% (Flat)
- Average DOM - 37 (Down 7.50%)
- Total Sales - 455 (Up 9.11%)
RI Condo Home Sales
Median Sales Price - $328,000 (Up 6.49%)
Average Sales Price - $380,510 (Up 4.95%)
Average SP/OLP - 100% (Down .99%)
Average DOM - 39 (Up 30.00%)
Total Sales - 115 (Up 35.29%)
RI Multi-Family Home Sales
Median Sales Price - $520,000 (Up 15.56%)
Average Sales Price - $539,987 (Up 18.77%)
Average SP/OLP - 100% (Up 1.01%)
Average DOM - 43 (Up 43.33%)
Total Sales - 76 (Up 1.33%)
City of Warwick Single Family Home Sales
Median Sales Price - $400,500 (Up 25.65%)
Average Sales Price - $415,820 (Up 23.42%)
Average SP/OLP - 99% (Flat)
Average DOM - 45 (Up 18.42%)
Total Sales - 54 (Up 22.73%)
Kent County Single Family Home Sales
Median Sales Price - $386,000 (Up 13.55%)
Average Sales Price - $437,178 (Up 13.37%)
Average SP/OLP - 100% (Flat)
Average DOM - 40 (Flat)
Total Sales - 108 (Up 14.89%)