Market Update: November 2023

Hey there, home buyers and sellers! We've got some great news for you - the Rhode Island housing market is still going strong in November 2023. We've compared the year-over-year numbers from November 2022, and the data speaks for itself. Here are the highlights:

RI Single Family Home Sales

• Median Sales Price - $435,000 (Up 7.14%)
• Average Sales Price - $615,626 (Up 17.74%)
• Average SP/OLP - 101% (Up 2.02%)
• Average DOM - 31 (Down 13.89%)
• Total Sales - 566 (Down 16.15%)

RI Condo Home Sales

• Median Sales Price - $357,500 (Up 8.33%)

• Average Sales Price - $400,519 (Down 9.14%)

• Average SP/OLP - 101% (Up 1%)

• Average DOM - 27 (Down 15.63%)

• Total Sales - 116 (Down 25.64%)

RI Multi-Family Home Sales

• Median Sales Price - $490,000 (Up 22.5%)

• Average Sales Price - $527,963 (Up 23.23%)

• Average SP/OLP - 102% (Up 2%)

• Average DOM - 22 (Down 38.89%)

• Total Sales - 120 (Down 10.45%)

City of Warwick Single Family Home Sales

• Median Sales Price - $370,000 (Up 10.78%)

• Average Sales Price - $476,172 (Down 21.75%)

• Average SP/OLP - 101% (Up 1%)

• Average DOM - 203 (Down 36.11%)

• Total Sales - 58 (Down 15.94%)

Kent County Single Family Home Sales

• Median Sales Price - $395,00 (Up 10.35%)

• Average Sales Price - $465,549 (Up 12.92%)

• Average SP/OLP - 101% (Up 1%)

• Average DOM - 25 (Down 26.47%)

• Total Sales - 133 (Down 11.33%)