Is Kent County, RI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kent County is a seller's market

Buyer's
Market

Difference Since February 2022

Since last year, Kent County has remained a Seller's Market.

Key Takeaway

Kent County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Kent County, RI cost?

Median Sold Price

$352,945

$230/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2022

+$28,802(+8.9%)

Key Takeaway

Homes in Kent County have sold for 8.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSFeb 2022Feb 2023%
1 $173.5K$204.2K
+17.7%
2 $255.2K$296.8K
+16.3%
3 $334.9K$365.3K
+9.1%
4 $427.6K$445K
+4.1%
5+ $386.5K$427K
+10.5%

Median Sold Price Compared To Nearby Counties

Washington County
+13.9%
Providence County
+10.3%
Kent County
+8.9%

How many homes are available in Kent County, RI?

Number of Homes For Sale

Jan 2023Feb 2023%
456436-4.4%

Homes For Sale By Bedroom Count

# BEDSJan 2023Feb 2023%
1 1517
+13.3%
2 105101
-3.8%
3 234210
-10.3%
4 7279
+9.7%
5+ 3029
-3.3%

Number of Homes Sold

Jan 2023Feb 2023%
125107-14.4%

Asking Price vs. Sold Price

43 Homes Were Sold
Under Asking

19 Homes Were Sold
At Asking

45 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kent County, you could pay more than the asking price. 42.1% of homes here sold above asking price last month.

Average Sale Time

Feb 2022Feb 2023%
37 Days39 Days+5.4%

Breakdown of Home Sale Times

53 Homes Were Sold
Under 30 Days

41 Homes Were Sold
In 30 - 90 Days

13 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Kent County are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

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172 College St, Warwick, RI 02886

$359,900

6

3

172 College St, Warwick RI, 02886

Listing Office:

Coldwell Banker Realty

#1332107

MLS logo
19 Potter Ave, West Warwick, RI 02893

$459,900

6

3

19 Potter Ave, West Warwick RI, 02893

Listing Office:

HomeSmart Professionals

#1331832

MLS logo
108 Vistas Ct, East Greenwich, RI 02818

$444,000

2

2

1,287 SqFt

108 Vistas Ct, East Greenwich RI, 02818

Listing Office:

Williams & Stuart Real Estate

#1332077

MLS logo
130 Pilgrim Pkwy Unit 8, Warwick, RI 02888

$179,900

2

1

800 SqFt

130 Pilgrim Pkwy Unit 8, Warwick RI, 02888

Listing Office:

RE/MAX Professionals

#1332073

MLS logo
54 John Potter Rd, West Greenwich, RI 02817

$419,900

3

2

1,816 SqFt

54 John Potter Rd, West Greenwich RI, 02817

Listing Office:

Century 21 Access America

#1332060

MLS logo
30 Hebert St, Coventry, RI 02816

$300,000

3

2

1,584 SqFt

30 Hebert St, Coventry RI, 02816

Listing Office:

SLOCUM

#1332014

MLS logo
10 Tripoli St, West Warwick, RI 02893

$259,000

3

1 Full, 1 Partial

1,335 SqFt

10 Tripoli St, West Warwick RI, 02893

Listing Office:

Coldwell Banker Realty

#1332001

MLS logo
73 Fashion Dr, Warwick, RI 02886

$449,900

3

1 Full, 1 Partial

2,060 SqFt

73 Fashion Dr, Warwick RI, 02886

Listing Office:

RE/MAX Professionals

#1331304

MLS logo
1209 Centerville Rd Unit 2, Warwick, RI 02886

$479,900

2

2 Full, 1 Partial

1,642 SqFt

1209 Centerville Rd Unit 2, Warwick RI, 02886

Joe Fazio

Listing Office:

Engel & Volkers East Greenwich

#73091019

MLS logo
2298 Victory Hwy, Coventry, RI 02816

$749,977

3

2 Full, 1 Partial

4,064 SqFt

2298 Victory Hwy, Coventry RI, 02816

Listing Office:

RE/MAX Real Estate Center

#1331271

MLS logo
210 Greenhouse Rd, Coventry, RI 02827

$749,999

4

2

1,963 SqFt

210 Greenhouse Rd, Coventry RI, 02827

Listing Office:

RE/MAX Host of Homes

#1331275

MLS logo
73 Remington Farm Dr, Coventry, RI 02816

$439,900

3

1 Full, 1 Partial

1,496 SqFt

73 Remington Farm Dr, Coventry RI, 02816

Listing Office:

SLOCUM

#1331607

MLS logo

About Kent County, RI

Kent County, RI has 436 homes for sale to choose from. The number of listings in Kent County, RI decreased by 4.4% between January 2023 and February 2023. While the average time on the market in February 2023 was 39 days, the median list price was $352,945. Between January 2023 and February 2023, listing prices of homes in this real estate market have seen the following changes: the cost of 1 bedroom properties went up by 17.7%, the cost of 2 bedrooms properties went up by 16.3%, prices of 3 bedrooms properties increased by 9.1%, prices of 4 bedrooms properties went up by 4.1%, 5 bedrooms properties became 10.5% more expensive. This housing market inventory have changed: 1 bedroom homes became 13.3% more available, volume of 2 bedrooms homes went down by 3.8%, 3 bedrooms homes became 10.3% less available, the quantity of 4 bedrooms homes went up by 9.7%, the quantity of 5 bedrooms homes went down by 3.3%. While more than 45 listings in Kent County, RI in February 2023 were sold above asking price, there were more than 19 listings sold at asking price, and more than 43 were sold below.

MLS Disclaimers and Copyright

Based on information from Rhode Island State Wide MLS, and MLS Property Information Network Inc. for the period 03/01/2021 - 03/01/2023

Disclaimer: The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than this broker are marked with the MLS logo and detailed information about them includes the name of the listing brokers. The purchase price of housing stock as shown on this website may vary depending on factors such as fees, commissions, price negotiations, home inspection results, market conditions, etc. This website in no way warrants or represents that submitting an offer to purchase a property for the list price will result in a sale at that price. Please consult with your REALTOR® to discuss how these variations may affect your real estate transaction. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable, but is neither guaranteed nor independently verified. Interested parties must make their own inquiries. Copyright © 2023 State-Wide MLS, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/25/2023, 3:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

IDX Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

Note: Any Compensation information displayed on listing details is only applicable to other member participants of the source MLS.

Last updated on: 3/25/2023, 3:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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