MARKET REPORT THIRD QUARTER
METRO & EAST BAY
MEDIAN SALE PRICE
The median price of single-family home sales continued to climb, rising from $448,000 in Q3 2023 to $490,000 this year Homes that sold for less than $500,000 accounted for more than half of all sales
NUMBER OF SALES
According to sales data released by the Rhode Island Association of Realtors, the third quarter of 2024 saw a notable increase in single-family home sales, reversing the downward trend observed in the first two quarters of the year Closed sales rose by 8 5% compared to the same period last year, signaling a positive shift in the market.
NORTHERN RI
NUMBER OF SALES
The multifamily market, which experienced a strong second quarter, saw a slowdown in the third quarter. Sales activity remained flat compared to Q3 2023
The median price for multifamily homes surged by 15 7%, reaching $561,000
$2,000,000
SOUTH COUNTY
Condominium median price remained relatively stable, experiencing a modest decline of 0 4% to $377,500
KENT COUNTY
NEWPORT COUNTY
NUMBER
