Median Home Price
$428K
$268/sqft
YoY Appreciation
+5.8%
Year-over-year
Days on Market
16d
Median DOM
Inventory
1.4mo
Critically Low
List-to-Sale
104%
Avg ratio
Cash Buyers
24%
of all sales
📰
Rhode Island Market Overview
Rhode Island has one of the tightest markets in New England, with Providence offering Boston metro access and lifestyle at lower prices. Newport is the premium lifestyle market. Inventory is critically constrained and competition is fierce across all price points.
🏠 Buyer Insight
Providence neighborhoods like Fox Point and College Hill are experiencing Boston-level competition at still-reasonable absolute prices.
📋 Seller Insight
Exceptional seller conditions. Price right and you'll have multiple offers within days.
🏙️
Top Cities in Rhode Island
| City | Median Price | YoY Change | Days on Market | Price/Sqft |
|---|---|---|---|---|
| Providence | $378K | +6.4% | 13d | $238 |
| Newport | $748K | +4.8% | 28d | $448 |
| Warwick | $368K | +5.8% | 16d | $228 |
📊
Market Health Indicators
Market Velocity
Fast — homes move in under 3 weeks
Buyer Competition
High — offers regularly above asking
Inventory Pressure
Critical — less than 2 months supply
Investment Momentum
5.8% annual appreciation — strong momentum
👥
Buyer Demographics
🏠
36%
First-Time Buyers
of all purchases
💵
24%
Cash Buyers
of all purchases
⏱️
36d
Avg Close Time
from offer to close
⚠️
3.8/10K
Foreclosure Rate
homes in default
🧮
Affordability Calculator — Rhode Island
Market Characteristics
#northeast#boston-overflow#extremely-tight#newport-lifestyle#hot
📊 CURRENT RATESMar 9, 2026
30-YR FIXED
—
15-YR FIXED
—
5/1 ARM
—
JUMBO 30-YR
—
WK CHANGE 30-YR:↓ 0.04%
300×250 · Advertise
Ready to take the next step in Rhode Island?
Free Tools. No Signup. No Pressure.
Run the numbers with our free mortgage, affordability, and closing cost calculators — or connect with a local agent, lender, or cash buyer in your area.