Real Estate Market Update for Warwick, RI
Welcome to November's Market Update. Let’s take a look at residential real-estate activity in your area during the month of October. The number of active listings was down 40% from one year earlier, and down 13% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 240-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 30%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was 190-thousand dollars. The number of units sold increased 32% year-over-year, and increased 6% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Warwick, RI
Area Information for Warwick, RI
  • Population: 81,230
  • Median Age: 44.96 yr
  • Median Commute Time: 22 mins
  • Educational Climate*: 4
  • Sales Tax: 7%
  • Population Density: 2,318/sq mi
  • Population Change Since 2000: -5.34%
  • Closest Airport: Theodore Francis Green State
  • Closest College: New England Institute Of Technology
  • Closest Jr. College: Community College-rhode Island-warwick
  • Median Household Income: $62,122
  • Annual Residential Turnover: 8%
  • Median Home Sales Price: $174,000
  • Closest Major Sports Team: Pawtucket Red Sox (aaa)
  • Change Avg. Household Income Since 2000: 35.94%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Warwick, RI
Median Age: 44.96 Married: 42% Number of Households: 34,585 Households with Children: 8,421
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Warwick, RI

      School Name Distance Type Grades School Rating Parent Rating
      Eleanor Briggs School 0.2 mi Private 1-12 0 0
      Robertson School 0.3 mi Public K-6 3 0
      Buttonwoods School For Young Ch 0.4 mi Private PRESCHOOL-K 0 0
      Wickes School 0.8 mi Public K-6 2 0
      St Rose Of Lima School 0.9 mi Catholic PRESCHOOL-8 0 0
      Park School 1.0 mi Public K-6 3 0
      Apponaug Christian Academy 1.1 mi Private K-12 0 0
      Crayons Child Care & Family Services Inc 1.1 mi Private PRESCHOOL-PRESCHOOL 0 0
      Lippitt School 1.1 mi Public K-6 1 0
      Greenwood School 1.4 mi Public K-6 3 0
      Warwick Veterans High School 1.5 mi Public 9-12 1 3
      Cedar Hill School 1.6 mi Public K-6 3 0
      Jack & Jill On The Hill I Inc 1.7 mi Private PRESCHOOL-K 0 0
      Progressive Learning For Children 1.7 mi Private PRESCHOOL-K 0 0
      Tender Hearts Cc & Learning Center 1.9 mi Private PRESCHOOL-K 0 0
      Oakland Beach School 2.0 mi Public PRESCHOOL-6 1 0
      Discovery Years Learning Center, I 2.1 mi Private PRESCHOOL-K 0 0
      Bishop Hendricken High School 2.2 mi Catholic 8-12 0 3
      Toll Gate High School 2.3 mi Public 9-12 2 3
      Drum Rock Early Chidhood Center 2.3 mi Public PRESCHOOL-K 0 0
      Winman Junior High School 2.3 mi Public 7-8 2 0
      Warwick Career And Tech Center 2.3 mi Public 10-12 0 0
      St. Francis Of Assisi School 2.5 mi Catholic PRESCHOOL-8 0 0
      London Bridge Child Care Center 2.6 mi Private PRESCHOOL-K 0 0
      St Kevin School 2.6 mi Catholic PRESCHOOL-8 0 0
      Sherman School 2.6 mi Public K-6 3 0
      Rocky Hill School 2.6 mi Private PRESCHOOL-12 0 0
      Scott School 2.8 mi Public K-6 4 0
      Holden School 2.9 mi Public K-6 2 0
      James H Eldredge Elementary School 2.9 mi Public 3-5 5 0
      Our Lady Of Mercy Regional School 3.0 mi Catholic PRESCHOOL-8 0 0
      Hoxsie School 3.1 mi Public K-6 2 0
      Warwick Neck School 3.2 mi Public K-6 3 0
      Gorton Junior High School 3.2 mi Public 7-8 2 0
      Westbay Children's Center 3.2 mi Private PRESCHOOL-K 0 0
      Archie R. Cole Middle School 3.3 mi Public 6-8 5 0
      Stork's Nest Child Academy 3.4 mi Private PRESCHOOL-K 0 0
      George Hanaford School 3.5 mi Public 3-5 4 0
      Little Red Hen Preschool & Kindergarten 3.5 mi Private PRESCHOOL-K 0 0
      Sargent Rehabilitation Center Day School 3.6 mi Private UNGRADE-UNGRADE 0 0
      Pilgrim High School 3.7 mi Public 9-12 2 4
      Francis School 3.7 mi Public K-6 3 0
      Norwood School 3.9 mi Public K-6 2 0
      Holliman School 3.9 mi Public K-6 2 0
      Precious Angels Child Care Center 4.1 mi Private PRESCHOOL-K 0 0
      Aldrich Junior High School 4.2 mi Public 7-8 3 0
      The Village Lower School 4.4 mi Private PRESCHOOL-K 0 0
      Wyman School 4.6 mi Public K-6 2 0
      East Greenwich High School 4.7 mi Public 9-12 5 4
      Meadowbrook Farms School 4.7 mi Public PRESCHOOL-2 0 0
      St Peter School 4.7 mi Catholic PRESCHOOL-8 0 0
      A Step Up Inc 5.5 mi Private PRESCHOOL-K 0 0
      Frenchtown School 6.0 mi Public K-3 0 0
      The Stork's Nest Child Academy 6.5 mi Private PRESCHOOL-K 0 0
      Montessori Of Greenwich Bay 6.7 mi Private PRESCHOOL-PRESCHOOL 0 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for Warwick, RI
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.