Rhode Island Home Prices Rise 11.5% in October

In October, the median price of single-family homes in Rhode Island rose 11.5% to $485,000, with 680 homes sold, a 5.4% increase from the previous year. Similarly, in Bristol County, Massachusetts, the median home price increased by 8.8% to $495,000, while the overall state median reached $615,000, reflecting a 6.9% rise. In contrast, North Somerset in the UK saw a 4.3% annual increase in property prices, with average prices rising by £14,000 over the last year. Petersburg city, Virginia, reported a 2% monthly increase in median home list prices to $244,750, with a notable 11.5% rise from October 2023. Nationally, the median home price across the US slightly decreased to $424,950, with homes listed averaging 1,835 square feet. These trends indicate a mixed but generally upward trajectory for home prices in various regions, despite some fluctuations nationwide.