Top Large Teams in Rhode Island – Ranked by Sides

Download the Rankings

Rank – State SidesTeam NameCompanyLocationSidesProfile
1The Stearns/McGee TeamRE/MAX PropertiesSmithfield, RI 268.0View Profile
2The Alba GroupRE/MAX InnovationsProvidence, RI 122.0View Profile
3The Quinn GroupRE/MAX Advantage GroupWarwick, RI 102.0View Profile

Download the Rankings

2022 Market Summary

Rhode Island started 2022 with a total of 668 single-family homes on the market, with a median home price of $459,900 and an average price per square foot of $362. By the end of the year, inventory had increased to 747 homes on the market (+11%), with a median home price of $475,000 (+3%) and an average price per square foot of $355 (-1%).

At the start of 2022, the median days on market (DOM) was 49 days – by the end of the year, median DOM had increased to 56 days.

Rhode Island started the year with 20% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 26% of Rhode Island homes for sale had taken a price cut.

Finally, Altos’ proprietary Market Action Index (MAI) shows that Rhode Island started 2022 as a strong seller’s market, with an MAI score of 59; by the end of the year, the MAI had dropped to 46 – a strong seller’s advantage.

This market summary is powered by Altos Research – click here to run a free report for your area.

Latest Posts

United Real Estate CEO on minding the value gap for franchisees HW+

Sep 29, 2023By

“You’ve probably heard this mantra — your listing, your lead, but most of the lead aggregators in the country say, ‘Your listing, our lead, and then we’ll distribute it to whoever pays us the most,’” said Dan Duffy, CEO of United Holdings at Elevate, the firm’s annual conference held in Orlando. “We’re trying to reverse […]

Frequently Asked Questions