East Greenwich RI Home Sales Market Update May 2022

East Greenwich Single Homes Real Estate Report May 2022

Find the Best Buy Homes and Condominiums in East Greenwich Here

The East Greenwich home sales in May increased by 67% as compared to the prior month. Yet, pending sales are 18% lower than the prior month. Buyers are out searching for the property that satisfy their needs for living in this community and are priced to their budget.

Home inventory in East Greenwich enables the well appointed home to easily stand out to buyers right now. This is a great time to market and sell your ‘ready to sell’ home.  Home buyers are looking for homes in all price ranges right now as inventory remains low.

East Greenwich RI Real Estate Market for Single Family Homes

It is the over $600,000 home market that is selling in higher numbers in this town currently. This month is showing ranges of home sale trends in East Greenwich.

East Greenwich is a suburb of the city of Providence, commuting distance to the big city and top rated East Greenwich RI Home Sales Market Report May 2022East Greenwich public schools draws the home buyers here. This market’s strong yearly trend in single family home sales indicates a solid housing market this year.

See below how the East Greenwich home sales market is doing this month:

Active homes on the market: 30 (150% more than the prior month)

Homes listed as ‘Active’ but in sales contract: 10 of the homes listed above as Active.

Average list to sold price of the home: 101% (104% in the prior month)

Average home sale price: $742,000

Median home sale price: $610,000

Pending Homes: 18 (22 in the prior month)

Single family Sold Homes: 20 (67% more than the prior month)

Days on Market before Pending Sales Contract: 33

Current East Greenwich homes for sale details follow:

$324 per square foot of above ground living space is the cost of an average sold home here this year so far. The average home sold is a 4 bedroom, 2 bath home with 2300 square feet of above ground living space.

The highest price home sold this month is in the Fox Ridge neighborhood at $1,800,000.

This month 20 single family homes sold as follows: 2 homes sold for less than $300,000, 1 home sold between $300,000-$400,000, 13 homes sold between $400,000- $1 million and 4 homes sold over $1 million.

Comparing East Greenwich home sold statistics in 2020 to 2021 shows the following:  In the first five months of 2022 66 home sales are 26% lower than the same period in 2021 (89 sold) .  In that same period the average sales price so far in 2022 is $737,000 (median price is $650,000) which is 11% more than the same period in 2021 (but 0% higher for the median price).

East Greenwich RI Homes for Sales Market Update May 2022

Why do people move to this community of East Greenwich RI?  Within Kent County this suburban town is noted for fine homes, great public schools, being near shopping malls and easy highway access. Its closeness to the Providence airport and the capitol of RI makes East Greenwich a great buying into option town.

Considering Relocating to East Greenwich?  A variety of neighborhoods from country estates to condos on Main Street is so appealing to East Greenwich real estate buyers. Noted for its choice of restaurants outside of Providence as well as marinas for boating enthusiasts in town.

Interested in homes for sale in East Greenwich? As an East Greenwich RI real estate specialist, I provide you insight, neighborhood information and choices for your next move. Let me do a more in depth analysis into what is happening in the market at your price point as well as surrounding towns.

Looking to buy an East Greenwich home? The neighborhoods of East Greenwich are unique to each other and real estate guidance is essential.  I work as a Buyers’ Agent as well as a top Listing Agent for my East Greenwich clients in order to guide you well.  Promotion is key so let’s talk about my aerial photography and videos for your home that offer faster sales too when we meet.

Here are a sampling of the most current East Greenwich homes for sale under $800,000:

Here are a sampling of the other most current East Greenwich homes on the market:

This is the time to call me, Ginny Gorman, an East Greenwich and RI real estate agent, at 401.529.7849 or email me at RiByTheBay@gmail.com.  Let me discuss what listing your East Greenwich house for sale will bring for you pricewise, developing a solid & strategic marketing plan and getting it show ready to sell.  Experience in all the ups and downs of real estate help my clients buy and sell the best home!

This East Greenwich RI real estate data here is the most current for buyers, sellers and homeowners.  Talk to me about your home sale needs where ever they may take you.  “RI Real Estate is My Passion … Marketing Drives My Business…Both Are in my DNA”.  Do not wait to call me.

The East Greenwich Homes for Sale Report for May 2022 is here for you to stay current on this local real estate market.

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When you are in need of a top selling East Greenwich & RI real estate professional and specialist for your buying, selling or relocating RI real estate home needs, call Ginny Gorman.  An internet savvy East Greenwich real estate agent & marketer who successfully lists and sells RI houses at top negotiated prices in this RI real estate market call Ginny at 401.529.7849 or email me at Ribythebay@gmail.com.