Top Large Teams in Rhode Island – Ranked by Sides

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    • 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

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    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.

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