Top Medium Teams in Rhode Island – Ranked by Volume

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    • Rank – State VolumeTeam NameCompanyLocationVolumeProfile
    The Gammons TeamBerkshire Hathaway HomeServices Commonwealth Real EstateEast Greenwich, RI$95,883,042
    The Blackstone TeamCompassProvidence, RI$70,497,100
    The Hometown Experts TeamRE/MAX Town and CountryCumberland, RI$62,203,925
    DiSpirito TeamEngel & Völkers East GreenwichEast Greenwich, RI$56,076,433
    The CollectionRE/MAX ProfessionalsEast Greenwich, RI$55,447,328
    The Quinn GroupRE/MAX ResultsCranston, RI$48,420,235
    Barrows TeamKeller Williams Realty Leading EdgeLincoln, RI$27,966,107
    Alpern & MesenbourgKeller Williams CoastalWarwick, RI$25,481,461

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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.

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