18 cities with year-over-year price decreases
-38.2%
Biggest Drop
-12.4%
Avg Decline
Price drops can signal buying opportunities. These markets may offer better negotiating leverage and more affordable entry points compared to last year.
| # | City | YoY Change | Median Price | Days on Market | Months Supply |
|---|---|---|---|---|---|
| 1 | East Greenwich | -38.2% | $575K | 57 days | 0.9 mo |
| 2 | Newport East | -26.3% | $595K | 28 days | 2.2 mo |
| 3 | Barrington | -23.4% | $685K | 33 days | 0.8 mo |
| 4 | Warren | -20.5% | $513K | 14 days | 1.9 mo |
| 5 | Smithfield | -18.6% | $399K | 50 days | 1.2 mo |
| 6 | North Kingstown | -14.5% | $500K | 71 days | 1.5 mo |
| 7 | Charlestown | -13.7% | $643K | 43 days | 2.2 mo |
| 8 | Bristol | -11.6% | $630K | 25 days | 1.2 mo |
| 9 | Middletown | -10.3% | $673K | 33 days | 2.3 mo |
| 10 | Hopkinton | -10.0% | $450K | 51 days | 1.5 mo |
| 11 | Scituate | -7.7% | $480K | 39 days | 1.7 mo |
| 12 | South Kingstown | -7.2% | $720K | 50 days | 1.6 mo |
| 13 | Lincoln | -7.1% | $446K | 50 days | 1.1 mo |
| 14 | Tiverton | -6.5% | $449K | 26 days | 1.5 mo |
| 15 | Woonsocket | -3.8% | $375K | 36 days | 1.1 mo |
| 16 | Cumberland | -2.9% | $505K | 30 days | 1.1 mo |
| 17 | West Warwick | -0.6% | $425K | 47 days | 1.7 mo |
| 18 | North Providence | -0.0% | $395K | 34 days | 1.0 mo |
18 cities in Rhode Island are experiencing year-over-year price declines. The largest drop is in East Greenwich at -38.2%.
Price drops can create buying opportunities, but timing the market is difficult. Work with a local agent who understands whether a market is stabilizing or may continue to decline.
Work with a local agent who can help you identify value in changing markets.
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