Real Estate Market Update for Warwick, RI
Welcome to January's Market Update. Lets take a look at residential real-estate activity in your area during the month of December. The number of active listings was down 47% from one year earlier, and down 29% 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 250-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 18%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 220-thousand dollars. The number of units sold decreased 18% year-over-year, and decreased 22% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. 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: 81,259
  • Median Age: 45.12 yr
  • Median Commute Time: 22 mins
  • Educational Climate*: 4
  • Sales Tax: 7%
  • Population Density: 2,319/sq mi
  • Population Change Since 2000: -5.3%
  • Closest Airport: Theodore Francis Green State
  • Closest College: New England Institute Of Technology
  • Closest Jr. College: Community College-rhode Island-warwick
  • Median Household Income: $63,414
  • Annual Residential Turnover: 9%
  • Median Home Sales Price: $175,000
  • Closest Major Sports Team: Pawtucket Red Sox (aaa)
  • Change Avg. Household Income Since 2000: 40.04%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Warwick, RI
Median Age: 45.12 Married: 41% Number of Households: 34,598 Households with Children: 8,325
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 2 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 2 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 2 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 2 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
      Warwick Career And Tech Center 2.3 mi Public 10-12 0 0
      Toll Gate High School 2.3 mi Public 9-12 2 3
      Drum Rock Early Chidhood Center 2.3 mi Public PRESCHOOL-PRESCHOOL 0 0
      Winman Junior High School 2.3 mi Public 7-8 2 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 4 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 3 0
      James H Eldredge Elementary School 2.9 mi Public 3-5 4 0
      Our Lady Of Mercy Regional School 3.0 mi Catholic PRESCHOOL-8 0 0
      Child Inc 3.1 mi Private - 0 0
      Hoxsie School 3.1 mi Public K-6 2 0
      Warwick Neck School 3.1 mi Public K-6 4 0
      Gorton Junior High School 3.2 mi Public 7-8 2 0
      Westbay Children's Center 3.2 mi Private PRESCHOOL-PRESCHOOL 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
      The Village Lower School 4.4 mi Private PRESCHOOL-K 0 0
      Wyman School 4.6 mi Public K-6 3 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.