Rhode Island Housing Market
Warm MarketHousing market data and trends for Rhode Island. Track median prices, inventory, days on market, and competition metrics for real estate investors.
Data period: March 2026
Median Sale Price
$536K
↑ 6.5% YoY
Days on Market
42 days
↑ 27.3% YoY
Active Inventory
1,507
↓ 8.1% YoY
Homes Sold
701
↓ 8.6% YoY
Warm Market
The market is active with moderate buyer demand.
Rhode Island Market Summary
The Rhode Island housing market is heating up. As of March 2026, the median home sale price is $536K, up 6.5% year-over-year. Homes are spending a median of 42 days on the market, 27.3% longer than a year ago.
There are 1,507 homes for sale — 8.1% fewer than last year. With 2.1 months of supply, this is a seller's market. 1,036 new listings were added during this period, down 15.2% year-over-year.
Homes are selling for 99.6% of their list price on average, suggesting room for negotiation. 41.6% of homes sell above their asking price. 15.3% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
57
Contributing Factors
How This Market Compares
vs. National Median
Investor Takeaway
This market shows balanced conditions. Evaluate individual deals carefully using rent-to-price ratios and local comps.
Rhode Island Market Trends
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Detailed Market Metrics
Median List Price
$571K
Price per Sq Ft
$295
Sale-to-List Ratio
99.6%
Months of Supply
2.1
Sold Above List
41.6%
Price Drops
15.3%
New Listings
1,036
↓ 15.2% YoY
Pending Sales
873
Metro Areas in Rhode Island
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.