2026 Market Report & Data · Data through May 2026 · Source: Redfin
$537K
Median Price
26
Days on Market
2.4
Months Supply
+0.6%
YoY Change
Seller's Market
Market Type
7
cities with 3-6 months supply
24
cities with <3 months supply
Ranked by lowest median home price.
| City | Median Price | DOM |
|---|---|---|
| 1. Chepachet | $243K | 114d |
| 2. Ashaway | $342K | 70d |
| 3. Wyoming | $360K | 56d |
| 4. Foster Center | $368K | 51d |
| 5. Woonsocket | $380K | 18d |
| 6. Bradford | $401K | 10d |
| 7. Pawtucket | $428K | 19d |
| 8. Pascoag | $430K | 33d |
| 9. Harrisville | $430K | 19d |
| 10. Warwick | $431K | 25d |
Ranked by highest median home price.
| City | Median Price | DOM |
|---|---|---|
| 1. Watch Hill | $7.10M | d |
| 2. Quonochontaug | $3.92M | 9d |
| 3. Misquamicut | $2.80M | d |
| 4. Newport | $1.00M | 36d |
| 5. Charlestown | $849K | 18d |
| 6. Newport East | $830K | 29d |
| 7. Hope Valley | $768K | 14d |
| 8. Narragansett Pier | $753K | 32d |
| 9. Weekapaug | $655K | 33d |
| 10. Clayville | $596K | 7d |
1 cities have more than 6 months of inventory — buyers can negotiate.
| City | Months Supply | Median Price | DOM |
|---|---|---|---|
| 1. Greenville | 10.0 mo | $545K | 8d |
24 cities have less than 3 months of inventory — sellers have the advantage.
| City | Months Supply | Median Price | DOM |
|---|---|---|---|
| 1. Wakefield-Peace Dale | 0.9 mo | $529K | 26d |
| 2. Carolina | 1.0 mo | $477K | 10d |
| 3. Greene | 1.0 mo | $550K | 13d |
| 4. Valley Falls | 1.0 mo | $479K | 22d |
| 5. Watch Hill | 1.0 mo | $7.10M | d |
| 6. Wyoming | 1.0 mo | $360K | 56d |
| 7. Westerly | 1.2 mo | $550K | 26d |
| 8. Kingston | 1.3 mo | $470K | 48d |
| 9. Hope Valley | 1.5 mo | $768K | 14d |
| 10. Warwick | 1.8 mo | $431K | 25d |
Cities where homes sell fastest, ranked by lowest median days on market.
| City | Days on Market | Median Price |
|---|---|---|
| 1. Clayville | 7d | $596K |
| 2. Greenville | 8d | $545K |
| 3. Harmony | 8d | $515K |
| 4. Quonochontaug | 9d | $3.92M |
| 5. Bradford | 10d | $401K |
| 6. Carolina | 10d | $477K |
| 7. Greene | 13d | $550K |
| 8. Hope Valley | 14d | $768K |
| 9. Cumberland Hill | 16d | $560K |
| 10. East Providence | 17d | $480K |
Cities with the largest year-over-year price gains. Appreciation can signal momentum, but also affordability pressure.
| City | YoY Change | Median Price |
|---|---|---|
| 1. Newport East | +27.7% | $830K |
| 2. Cumberland Hill | +16.6% | $560K |
| 3. Westerly | +12.4% | $550K |
| 4. Newport | +6.7% | $1.00M |
| 5. East Providence | +6.7% | $480K |
| 6. Valley Falls | +5.3% | $479K |
| 7. Providence | +3.5% | $559K |
| 8. Cranston | +2.4% | $480K |
| 9. Warwick | +0.2% | $431K |
Cities with year-over-year price declines. These can be buying opportunities — or signals of softening demand.
| City | YoY Change | Median Price |
|---|---|---|
| 1. Narragansett Pier | -49.8% | $753K |
| 2. Wakefield-Peace Dale | -8.8% | $529K |
| 3. Woonsocket | -3.8% | $380K |
| 4. Tiverton | -2.1% | $473K |
| 5. Pawtucket | -0.6% | $428K |
| 6. Charlestown | -0.2% | $849K |
The Rhode Island housing market currently shows seller's market conditions, with a median sale price of $537K and 2.4 months of inventory supply. Homes in Rhode Island typically sell in 26 days.
Whether you're buying or selling in Rhode Island, working with a local real estate agent who understands these market dynamics can help you achieve the best outcome. Our network of verified agents across Rhode Island provides expert guidance tailored to your specific city and neighborhood.
Rhode Island is currently classified as a seller's market based on months of supply data. Low inventory gives sellers an advantage with faster sales and less price negotiation. Market conditions vary by city, so check local data for your specific area.
The median home price in Rhode Island is approximately $537K as of May 2026. Prices range significantly across the state, with Watch Hill among the most expensive areas and Chepachet offering more affordable options. Work with a local real estate agent for the most current pricing in your target neighborhoods.
Selling timelines in Rhode Island vary by city and market conditions. The fastest-selling markets include Clayville with a median of 7 days on market. Factors like pricing strategy, home condition, location, and seasonality all affect how quickly a home sells. A skilled listing agent can help price and market your home for a faster sale.
Whether to buy in Rhode Island depends on your personal finances, timeline, and target market. The competitive market means acting quickly and being prepared with financing. Consider factors like mortgage rates, your job stability, how long you plan to stay, and local price trends. Consult with a local real estate agent who can advise on specific neighborhoods.
Start by researching agents with proven experience in your target Rhode Island market. Look for agents with strong local transaction history, positive client reviews, and expertise in your price range. Interview at least 2-3 agents before choosing. Ask about their recent sales, marketing strategy, and communication style. Our directory features verified agents across Rhode Island to help you find the right match.
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