Rhode Island
Housing Market

Name: Rhode Island Housing Market - Price Trend Analysis
Creator: Houzeo
License: https://www.houzeo.com/terms-of-use/

Rhode Island's real estate market shows equilibrium between buyers and sellers. This generates fair negotiating circumstances for all parties. With a 2.3 months of supply and properties spending 51 days on market on average, both buyers and sellers can pursue favorable results.

Rhode Island Housing Market Forecast 2026

Verified Data

Updated Monthly

Fast Insights

Real-time Analytics

Last updated

#12

in Nation

Overview

Predictions

Supply

Demand

Rhode Island Housing Market Overview

Whether buying or selling Rhode Island property, you're working within neutral conditions. The median sale price sits at $450,000 (down 1.3% year-over-year), but the Rhode Island real estate market's balance matters most. Properties move within 51 days on market (15 days down than last year), there's a moderate 2.3 months of supply, and homes are selling for 98.4% of listing prices. Last month, 1,641 Rhode Island houses were sold, down 10.9% from the previous year. These circumstances allow both buyers and sellers to reach their objectives with reasonable expectations and solid positioning.

Median Sale Price

# of Homes Sold

Median Days on Market

Median Sale Price

0% year-over-year

# of Homes Sold

0% year-over-year

Median Days on Market

0 year-over-year

What does this mean?

All

1 year

3 year

5 year

No Record Available

Rhode Island

Last updated on

Rhode Island Housing Market Forecast for 2026

Rhode Island's balanced market conditions are expected to continue through 2026, creating fair opportunities for both buyers and sellers as the market stabilizes with modest rate improvements.

Market Outlook:

Home prices in Rhode Island forecast to appreciate 2-4% in 2026
Inventory growth of 5-10% provides improved selection without oversupply
Neither buyers nor sellers face extreme pressure in negotiations

Will the Rhode Island Housing Market Crash in 2026?

Industry experts agree a crash remains unlikely. The current Rhode Island real estate market represents normalization after years of constrained supply and elevated prices, not bubble conditions. Real estate professionals anticipate modest, sustainable growth rather than decline, with existing home sales projected to increase 2-14% in 2026, depending on rate movements. Both buyers and sellers can expect stable and predictable market conditions through year-end, with reasonable negotiating opportunities for all parties. The market demonstrates healthy fundamentals with balanced supply and demand dynamics supporting continued stability.

UnlikelyCrash MeterLikely

Current Market Indicators

Days on Market:
51 days
Months of Supply:
2.3 months
Sale-to-List Ratio:
98.4%
Mortgage Rates:
Currently- 6.23% projected to hover between 6.0% and 6.8%

Rhode Island Housing Supply

Rhode Island's inventory demonstrates balanced market dynamics. With 3,720 homes currently available last month, the important element is stable supply conditions. Inventory grown minimally by 34% year-over-year, months of supply climbed to 2.3 from 1.5 previously, and 1,045 new properties entered the market this month (up 5.1% year-over-year). This moderate inventory allows both buyers and sellers to operate without excessive pressure. For sellers wanting to utilize current conditions, this timing works well to list your home on MLS in Rhode Island while the market maintains stability.

# of Homes for Sale

# of Newly Listed Homes

Months of Supply

# of Homes for Sale

0% year-over-year

# of Newly Listed Homes

0% year-over-year

Months of Supply

0% year-over-year

What does this mean?

All

1 year

3 year

5 year

No Record Available

Rhode Island

Last updated on

Rhode Island Housing Demand

Rhode Island's purchasing activity reflects equilibrium between buyers and sellers. With the sale-to-list price ratio at 98.4% last month, the primary indicator shows pricing stability. While 34.3% of properties sold over asking price (down from 38.8% previously), the sale-to-list ratio maintained steadiness with a slight decline of 0.3% year-over-year. Meanwhile, Rhode Island homes with price reductions increased from 30.8% to 33.5%. These metrics reveal a balanced market where both buyers and sellers find opportunities to negotiate and secure favorable terms.

Homes Sold Above List Price

Homes with Price Drops

Sale-to-List Ratio

Homes Sold Above List Price

0% year-over-year

Homes with Price Drops

0% year-over-year

Sale-to-List Ratio

0% year-over-year

What does this mean?

All

1 year

3 year

5 year

No Record Available

Rhode Island

Last updated on

From Hot Trends to Hidden Gems—All in Your Pocket!

The Houzeo app brings the entire real estate journey to your fingertips. Browse, list, and close—anytime, anywhere.

Download the Houzeo Mobile App Now!

Check the Real Estate Trends in Your State

Frequently Asked Questions

How have home prices changed in Rhode Island over the past year?

Rhode Island's median home price is currently $450,000, with a 1.3% year-over-year decrease. You can check your home's fair market value with our free home value estimator to compare prices in your neighborhood and know where you stand.

Are home prices dropping in Rhode Island?

Currently, home prices are stable with localized variations across different counties and cities. Experts forecast growth in Rhode Island home prices through 2025, although increased inventory may moderate prices in overvalued areas.

What's the average price for a house in Rhode Island?

The average cost of a home in Rhode Island typically ranges from $386,500 for condos to $460,000 for single-family homes, depending on location, size, and market conditions.

What are the Rhode Island housing market predictions in 2025 and beyond?

The housing market in Rhode Island is expected to stabilize in 2025, alongside rising mortgage rates. Our housing market predictions suggest that the supply of Rhode Island houses should increase enough to stabilize price growth.

What is a good time to buy a home in Rhode Island?

Typically, from August to December is the best time to buy when supply is high and demand is low. You must check the current market trends in home prices and inventory in Rhode Island. If mortgage rates are stable, the median market time is more than 70 days, with more than 5 months of supply, it's the best time to buy a house in Rhode Island.

What are the steps to buying houses in Rhode Island?

As a buyer, you should keep an eye on price changes and inventory levels. If you're buying a house in Rhode Island, you should get a mortgage pre-approval and budget for a down payment of at least 10%.

How can I list my home for sale in Rhode Island?

You can list your home for sale with a Flat Fee MLS Rhode Island listing service. High-tech MLS listing sites like Houzeo automatically assign the right MLS paperwork based on your location. 🚀

What is the average mortgage rate for buyers in Rhode Island?

The average mortgage rate for buyers in the Rhode Island real estate market fluctuates between 6% to 8%. Always check your credit score and current mortgage rates with lenders before you apply.

When will the housing market crash in Rhode Island?

A Rhode Island housing market crash is not likely in 2025 and 2026. Home prices are not dropping suddenly and remain 80% above pre-COVID levels, with sustained growth projected through 2025. You should keep an eye on Rhode Island housing market predictions before you invest.

Important Legal Disclosures

*Based on Houzeo calculations of home data from MLS and/or public records.

“The market analysis provided on this page is for informational purposes only and does not constitute financial, investment, or legal advice. Data is sourced from public records, industry reports, and third-party providers, and while Houzeo strives for accuracy, we make no guarantees regarding the completeness, accuracy, or timeliness of the information presented.

All estimates, projections, and historical data are based on statistical models and should not be relied upon as predictions of future market conditions. Past performance is not indicative of future results, and real estate market conditions may change due to various economic and regulatory factors.
Users are responsible for conducting their own due diligence before making any real estate or financial decisions. Houzeo is not liable for any decisions or actions taken based on the information provided. Any unauthorized use, duplication, or distribution of the data may violate copyright laws and result in legal consequences. Certain information, tools and services on this page may be powered by third-party vendors. Houzeo does not control or guarantee the accuracy, reliability, or functionality of such third-party services.