Top Large Teams in Rhode Island – Ranked by Sides

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Rank – State SidesTeam NameCompanyLocationSidesProfile
1The Fitzpatrick TeamRE/MAX ResultsMiddletown, RI 337.0View Profile
2The Stearns/McGee TeamRE/MAX PropertiesSmithfield, RI 202.0View Profile
3Slocum Home TeamSLOCUMWarwick, RI 167.0View Profile
4The Alba GroupRE/MAX InnovationsProvidence, RI 100.5View Profile

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2023 Rhode Island Housing Market Summary

Rhode Island started 2023 with a total of 697 single-family homes on the market, with a median home price of $484,900 and an average price per square foot of $356. By the end of the year, inventory had increased to 720 homes on the market (+3%), with a median home price of $529,900 (+9%) and an average price per square foot of $403 (+13%).

At the start of 2023, the median days on market (DOM) was 56 days – by the end of the year, median DOM had remained the same at 56 days.

Rhode Island started the year with 25% 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 23% of Rhode Island homes for sale had taken a price cut.

Finally, Altos’ proprietary Market Action Index (MAI) shows that Rhode Island started 2023 as a strong seller’s market, with an MAI score of 52; by the end of the year, the MAI had dropped to 49 – a strong seller’s advantage.

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

Real Estate News

Opinion: How real estate will come back stronger 

Oct 14, 2024By

The latest tumult in real estate feels like our world has been turned upside down yet again. But underneath all the frenzy, I see a genuine opportunity for us to turn this into a positive and come back even stronger than before. I often think of the term “Anti-fragile” from the book of the same name by Nassim Taleb. The principle is that people and organizations can build their success around being able to come back even stronger after a wallop, instead of just withstanding the impact. This is real estate’s moment to become even more anti-fragile.

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