Top Medium Teams in Rhode Island – Ranked by Sides

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Rank – State SidesTeam NameCompanyLocationSidesProfile
1The Fitzpatrick TeamRE/MAX ProfessionalsNewport, RI 165.0View Profile
2The Blackstone TeamMott & Chace Sotheby’s International RealtyProvidence, RI 162.5View Profile
3The Hometown Experts TeamRE/MAX Town and CountryCumberland, RI 133.0View Profile
4The Martone GroupRE/MAX PropertiesSmithfield, RI 128.0View Profile
5The Slocum Home TeamSLOCUMWarwick, RI 126.0View Profile
6The Gammons TeamCommonwealth Real EstateEast Greenwich, RI 125.0View Profile
7Spectrum Real Estate ConsulantsKeller Williams Realty Leading EdgeLincoln, RI 98.0View Profile
8The Fooks TeamColdwell Banker RealtyEast Greenwich, RI 83.0View Profile
9The Rhode Island GroupRE/MAX ProfessionalsEast Greenwich, RI 68.0View 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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