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Rhode IslandHousing Market

Rhode Island is a balanced market, giving buyers and sellers room to negotiate. With 3.1 months of supply and homes averaging 58 days on the market, you can make decisions without the pressure of a highly competitive market.

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Written By Carol CFeatured Writer
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Reviewed By Deepika RHousing Market Analyst
Rhode Island Housing Market Forecast 2026AI-powered forecast for prices, inventory & market trends
Verified Data
Updated Monthly
Fast Insights
Real-time Analytics
October 2026
Last updated
Live MLS Data 4,274 active homes tracked
Data Sources:
RI StateWide MLS-RI
#12 in Nation
Rhode Island Real Estate Market Snapshot
MEDIAN HOME PRICE
$531,250↑ 6.25%
MORTGAGE RATES 30-YR
7.18%↓ 0.06%
Balanced Market
DAYS ON MARKET
58
↓ 0.00% YoY
INVENTORY
2,622
↑ 13.41% YoY
Overview icon Overview
Predictions icon Predictions
Supply icon Supply
Demand icon Demand

Is Now a Good Time to Buy or Sell in Rhode Island? Here's What We Think.

It depends on your goals, but Rhode Island offers a relatively balanced market for both buyers and sellers. Homes are averaging 58 days on the market, with 3.1 months of supply. The median sale price is $531,250, and home sales saw a 9.55% change from last year. Buyers have room to negotiate, while sellers can still attract serious interest.
Median Sale PriceHomes SoldMedian Days on Market
Median Sale Price
$531,250
↑ 6.25%YoY
What this chart showsMedian Sale Price
This metric shows how home prices are trending in Rhode Island. A rising median price can point to stronger demand or limited inventory, while a falling price may give buyers more room to negotiate.

Median Sale Price Trend

AllSingle Family HomesTownhousesCondo
1 Year3 Years5 Years

Rhode Island
location pin
Updated MonthlyLast Updated: October 2026
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Rhode Island Housing Market Forecast for 2026

Rhode Island's housing market is expected to be balanced in 2026, with modest price growth, steady inventory, and stable conditions for both buyers and sellers. Sellers who'd rather not wait it out can still get multiple cash offers in Rhode Island right now.

Market Outlook:

  • Home prices expected to rise modestly by 2-4%, reflecting sustainable growth
  • Months of supply forecast to sit around 4-6, keeping the market steady
  • Neither buyers nor sellers hold a clear advantage, keeping negotiations balanced

Will the Rhode Island Housing Market Crash in 2026?

Expert consensus points to no. Rhode Island benefits from strong buyer demand and limited housing supply, conditions that support prices rather than undermine them. Sellers should expect continued interest and quick sales through 2026, with little pressure to discount.
UnlikelyCrash MeterLikely

Current Market Indicators

  • Days on Market:

    58 days

  • Months of Supply:

    3.1 months

  • Sale-to-List Ratio:

    99.68%

  • Mortgage Rates:

    Currently- 7.18% projected to hover between 6.0% and 6.8%

Is There Enough Inventory in Rhode Island Right Now?

Rhode Island has a steady flow of homes coming onto the market, keeping inventory relatively balanced. There are currently 2,622 active listings and 3.1 months of supply, giving buyers a reasonable selection without creating excessive competition among sellers. There were 1,811 new listings last month, while inventory changed by 13.41% year-over-year.
Homes for SaleNewly Listed HomesMonths of Supply
Homes for Sale
2,622
↑ 13.41%YoY
What this chart showsHomes for Sale
This chart shows the total number of homes currently available for sale in Rhode Island. Rising inventory gives buyers more options, while fewer homes for sale can increase competition and give sellers more leverage.

Homes for Sale Trend

AllSingle Family HomesTownhousesCondo
1 Year3 Years5 Years

Rhode Island
location pin
Updated MonthlyLast Updated: October 2026

Are Buyers or Sellers Controlling the Rhode Island Market?

Buyers and sellers have relatively equal footing in the Rhode Island housing market. Homes are selling for 99.68% of their asking price, and price reductions saw a 8.41% change year-over-year. Neither side has a clear advantage, leaving room for both to negotiate.
Homes Sold Above List PriceHomes with Price DropsSale-to-List Ratio
Homes Sold Above List Price
41.9%
↓ 6.87%YoY
What this chart showsSold Above List
The line tracks the share of homes selling above their asking price over time. A rising trend signals strong buyer competition and bidding wars, while a falling trend suggests that competition is easing.

Homes Sold Above List Price Trend

AllSingle Family HomesTownhousesCondo
1 Year3 Years5 Years

Rhode Island
location pin
Updated MonthlyLast Updated: October 2026

Explore Rhode Island Housing Markets by City

Compare median listing prices, homes sold, and newly listed properties across Rhode Island's top cities.

Highest Median Price
newport
$1,197,500
Most Affordable
woonsocket
$437,000
Most Homes Sold
providence
319 sold
Most New Listings
providence
750 listed
Rhode Island Average Price
$731,633
3-city average
Housing Market by City
CityMedian PriceTrend
newport Arrow$1.2MBalanced
providence Arrow$560kBalanced
woonsocket Arrow$437kBalanced

Find Your Perfect Rhode Island Home Now

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Frequently Asked Questions

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

Are home prices dropping in Rhode Island?

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

What are the Rhode Island housing market predictions in 2026 and beyond?

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

What are the steps to buying houses in Rhode Island?

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

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

When will the housing market crash in Rhode Island?

Our MLS data sources

All sources updated daily

Median prices, rents and active inventory aggregated from MLS systems across Rhode Island.

RI StateWide MLS-RI
RI StateWide MLS-RI

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.

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Based on information from State-Wide MLS through Nov 7, 2026, 3:15 AM. 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.
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Based on information provided to and compiled by MLS Property Information Network, Inc. covering through Nov 7, 2026, 3:15 AM. 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.