Market Conditions for Cranston, Rhode Island Reported by Steve Gillikin, REALTOR, GRI, CRS, CRP, ABR and E-Pro Updated May 8, 2012.

Current Market Rating: 2 1 2 3 4 5 Buyer's Seller's

Current Price Trend: 4 1 2 3 4 5 Falling Rising

Cranston Single Family Monthly Real Estate Sales Report for the month of April 2012:

Number of homes on the market: 343, up from 339 last month. Average list asking price: $269,053, up from $265,635 last month. Average days on market of homes for sale: 98, down from 100 as last month.

Number of homes under contract: 172, up from 151 last month. Average list price of homes under contract: $177,092, down from $179,783 last month. Average days on market of homes under contract: 93, up from 91 last month.

Number of homes closed sales: 54, up from 49 last month. Average selling price: $201,677, up from $173,634 last month. Average days on market of sold homes: 72, down from 102 last month.

ZIP Codes: 02823, 02905, 02907, 02910, 02920, 02921

Approximate Location Boundaries: north: Providence; east: Narragansett Bay; west: Scituate; south: Warwick

Location Characteristics: Cranston, originally a part of Providence, was settled in 1638, by friends of Roger Williams known as the Pawtuxet Purchasers, among them William Arnold, the father of Benedict Arnold of Newport. In 1754, it separated from Providence and became a town. The City government was organized in 1910. Similar to the adjoining city of Warwick, the early growth of Cranston was due to the development of the textile and other industries along the Pawtuxet River, which provided water power. Western Cranston has become more desirable in recent years for both residential and industrial development. This is primarily due to the completion of Route 295 and the installation of sanitary sewers in the area.

A small village wedged between the cities of Cranston and Warwick, the Pawtuxet Village section of Cranston is one of the oldest communities in Rhode Island. Pawtuxet Cove was an ideal harbor, and the falls in the Pawtuxet River provided water power. The first village of Pawtuxet was a major casualty of King Philip's War, being completely destroyed by fire in an Indian attack on January 12, 1676. It was quickly rebuilt, and by the time of the Revolution, Pawtuxet was a busy seaport.

In the 19th century the falls provided water power for a burgeoning textile industry, and in the early 20th century, Pawtuxet became known as a fine summer resort. Despite the industrial development of surrounding areas, the center of Pawtuxet Village remains an identifiable community of Colonial and Victorian homes. Today the city of Cranston is one of the major commercial and industrial areas of Rhode Island. The manufacturers of jewelry, food, combined metals and machinery are the largest employers in the city.


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I am a licensed Broker in RI & MA. I've been a professional Realtor for going on 30 years. I've sold well over 1,200 properties during my career.

I am a Graduate of the Realtor Institute. There are only 485 out of close to 4,800 licensed agents and brokers in RI who earned the GRI designation. I am a Certified Residential Specialist. There are 123 agents who have earned their CRS designation. I am a Certified Relocation Professional. There are only a few who have taken the courses to obtain this CRP designation. I am an Accredited Buyers Representative. There are only 115 that have the ABR designation. I have also obtained a E-Pro designation. There are 72 E-Pros in RI. I am one of 5 to hold 4 of these and the only one to be certified in 5 areas. This shows achievements in using a higher level of technology to serve my buyer and seller clients. Finally, I specialize in distressed property sales, both short sales and REOs. I've sold over 150 of these hardship case properties over the past 3 years.

All of these designations are recognized by the National Association of Realtors.

I can help you in all aspects of real estate in RI and nearby Mass., whether selling, buying, building or investing.

Please call me or e mail me to answer any questions you may have. Thank you... Steve Gillikin