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Cheap Homes for Sale in Rhode Island

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Photo 1 of Single family home for sale at 5 Kelly Ln, Coventry, RI 02816 | MLS# 1422053 | Listing updated on 2026-10-28

$224,900

Views: 10

Bedrooms: 2Bds

Bathrooms: 2Ba

Area: 1,568sqft

Single family home for sale

5 Kelly Ln, Coventry, RI 02816

Century 21 Allpoints Realty

Showing 379 - 420 of 535 homes for sale in Rhode Island

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Rhode Island Housing Market Overview

Rhode Island is a balanced market, giving buyers and sellers room to negotiate. With 2.5 months of supply and homes averaging 58 days on the market, you can make decisions without the pressure of a highly competitive market.

Status

Balanced Market

Days on Market

58

Inventory

2,540

Sep 2021Jun 2024Sep 2026

Median Home Price

$540,000Up 1.89%

In Sep 2026 · YoY

Sep 2021Jun 2024Sep 2026

Mortgage Rates 30-Yr Fixed

6.23%Down 0.58%

Current rate · YoY

Loan Type

30-Year Fixed

Housing Supply

Homes For Sale
2,540 Up 13.29%
Newly Listed Homes
1,801 Up 4.95%
Months of Supply
2.5 Up 31.58%

Housing Demand

Homes Sold
998 Down 16.76%
Sale-to-List Ratio
99.9% Up 0.04%
Homes Sold Above List
45.3% Up 7.88%

30-yr fixed rate 6.23% · Data as of Sep 2026 · Source: Houzeo Research.

View Full Rhode Island Market Report
No. of Homes
Prices
Houses for Sale in Wanskuck, Providence
46
-
Houses for Sale in Mount Pleasant, Providence
39
-
Houses for Sale in West End, Providence
38
-
Houses for Sale in Federal Hill, Providence
36
-
Houses for Sale in Elmhurst, Providence
35
-
Houses for Sale in Blackstone, East Providence
35
-
Houses for Sale in Elmwood, Providence
34
-
Houses for Sale in Washington Park, East Providence
33
-
Houses for Sale in Mount Hope, Providence
32
-
Houses for Sale in Charles, Providence
31
-
Houses for Sale in Smith Hill, Providence
27
-
Houses for Sale in Downtown, Providence
26
-
Houses for Sale in College Hill, Providence
26
-
Houses for Sale in Silver Lake, Providence
24
$480,000
Houses for Sale in Fox Point, East Providence
23
-
Houses for Sale in Lower South Providence, East Providence
22
-
Houses for Sale in Olneyville, Providence
19
-
Houses for Sale in Wayland, East Providence
18
-
Houses for Sale in Hartford, Providence
15
-
Houses for Sale in Hope, Providence
11
-
Wanskuck, Providence Neighborhood Guide
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Best Places to Live in Rhode Island
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  • mls-img
    Based on information from State-Wide MLS through Oct 31, 2026, 12:30 PM. Information is provided exclusively for consumers’ personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 State-Wide MLS, Inc. All rights reserved.
  • mls-img
    Based on information provided to and compiled by MLS Property Information Network, Inc. covering through Oct 31, 2026, 12:30 PM. The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third-party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified. © 2026 MLS Property Information Network, Inc. All Rights Reserved.
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Homes Available icon

535

Homes Available

Median List Price icon

$ 540,000

Median List Price

Avg on Market icon

58 Days

Avg on Market