Market Update: April 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 April 2024. We've compared the year-over-year numbers from April 2023, and the data speaks for itself. Here are the highlights:

 RI Single Family Home Sales

• Median Sales Price - $453,000  (Up 6.59%)
• Average Sales Price - $589,443  (Up 13.33%)
• Average SP/OLP - 101% (Flat)
• Average DOM - 34 (Down 10.53%)
• Total Sales - 559 (Up 4.49%)

RI Condo Home Sales

• Median Sales Price - $355,500 (Up 4.59%)

• Average Sales Price - $439,651 (Up 4.80%)

• Average SP/OLP - 101% (Flat)

• Average DOM - 33 (Down 10.81%)

• Total Sales - 152 (Up 16.03%)

RI Multi-Family Home Sales

• Median Sales Price - $525,000 (Up 16.67%)

• Average Sales Price - $534,489 (Up 9.77%)

• Average SP/OLP - 101% (Down 1.94%)

• Average DOM - 27 (Down 3.57%)

• Total Sales - 131 (Up 11.97%)

City of Warwick Single Family Home Sales

• Median Sales Price - $385,000 (Up 12.24%)

• Average Sales Price - $428,512 (Up 10.63%)

• Average SP/OLP - 103% (Up 1.98%)

• Average DOM - 20 (Down 37.50%)

• Total Sales - 66 (Up 20%)

Kent County Single Family Home Sales

• Median Sales Price - $387,500 (Up 6.75%)

• Average Sales Price - $430,185 (Up 0.26%)

• Average SP/OLP - 101% (Flat)

• Average DOM - 29 (Down 12.12%)

• Total Sales - 118 (Up 11.32%)