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: January 2026
Median Sale Price
$527K
↑ 4.7% YoY
Days on Market
42 days
↑ 7.7% YoY
Active Inventory
1,490
↑ 2.7% YoY
Homes Sold
640
↓ 10.1% 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 January 2026, the median home sale price is $527K, up 4.7% year-over-year. Homes are spending a median of 42 days on the market, 7.7% longer than a year ago.
There are 1,490 homes for sale — 2.7% more than last year. With 2.3 months of supply, this is a seller's market. 744 new listings were added during this period, down 8.9% year-over-year.
Homes are selling for 99.3% of their list price on average, suggesting room for negotiation. 38.6% 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
Median Sale Price
Median Days on Market
Active Inventory
Homes Sold
Sale-to-List Ratio
Listings with Price Drops
Detailed Market Metrics
Median List Price
$543K
Price per Sq Ft
$293
Sale-to-List Ratio
99.3%
Months of Supply
2.3
Sold Above List
38.6%
Price Drops
15.3%
New Listings
744
↓ 8.9% YoY
Pending Sales
648
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.