Rhode Island Real Estate Market Analysis

Comprehensive data analysis covering 12 months of transactions

1,019
Properties Sold
450
Active Listings
$485K
Median Price
12
Cities Analyzed
$524,876
Average Sale Price
$267/sqft
Avg Price Per Sq Ft
59%
Single Family Homes

Market Insight

Rhode Island's housing market remains SELLER'S MARKET with inventory-to-sales ratio of 0.44 (450 active listings / 1,019 annual sales). Providence leads in total transactions while maintaining the highest median prices at $525K. The $400K-$750K segment represents 53% of all sales, indicating strong middle-market demand.

Price Distribution

Under $200K
50 (4.9%)
$200K-$300K
89 (8.7%)
$300K-$400K
206 (20.2%)
$400K-$500K
247 (24.2%)
$500K-$750K
296 (29.0%)
$750K-$1M
81 (7.9%)
Over $1M
50 (4.9%)

๐Ÿ˜๏ธ Property Types Sold

๐Ÿ™๏ธ Sales by City

City Properties Sold Median Price Average Price Market Share
Providence 63 $570,000 $739,461 21.5%
Warwick 58 $448,000 $499,784 19.8%
Cranston 47 $420,000 $481,836 16.0%
Pawtucket 25 $445,000 $451,868 8.5%
Cumberland 16 $489,250 $528,181 5.5%
East Greenwich 19 $575,000 $626,584 6.5%
North Providence 15 $470,000 $481,833 5.1%
Newport 16 $822,500 $1,074,534 5.5%
West Warwick 8 $472,500 $460,587 2.7%
Barrington 9 $800,000 $818,666 3.1%
Bristol 13 $565,000 $627,453 4.4%

โฑ๏ธ Days on Market Analysis

52
Avg Days on Market
38
Median Days

Fast-Moving Market: Properties selling in under 30 days represent a significant portion of transactions, indicating high buyer demand and competitive offers.

Market Activity

Key Market Takeaways

Price Trends

  • Providence commands highest median prices ($525K)
  • Warwick offers value at $420K median
  • 53% of sales in $400K-$750K range
  • Luxury market ($1M+) steady at 5%

Property Mix

  • Single family homes dominate (59%)
  • Multi-family strong (18%) - investor demand
  • Condo market active (17%)
  • Land sales picking up (5%)

Supply & Demand

  • 0.44 months of inventory (seller's market)
  • Active listings: 450
  • Monthly absorption rate: ~85 homes
  • Low inventory driving competition

๐Ÿ” Price Comparator Tool

Find comparable properties based on your criteria. Data includes 1,536 sold properties and 450 active listings.