Rhode Island Home Values & Market Trends

There have been 13,969 properties sold in the Rhode Island real estate market trends. Median home values in the Rhode Island housing market are $432,006.8. The median residential home value for transactions over the last 12 months is 360,885.784. The State of Rhode Island currently has 171 properties in foreclosure, 26 bank owned properties, and 138 headed for auction.

Rhode Island Real Estate Market Overview

CountyMedian Est. ValueCountyMedian Est. Value
Providence

$ 377,030

$ 262/sqft

Newport

$ 861,171

$ 545/sqft

Kent

$ 401,040

$ 280/sqft

Bristol

$ 668,035

$ 426/sqft

Washington

$ 577,774

$ 366/sqft

Housing Market Summary for Rhode Island

Mar 2023February 2024Change
Median Listing Price$450K$423.5K-5.88%
Median Sold Price$391.9K$423.5K8.07%
Homes For Sale602488-18.94%
Homes Sold6,3716,5082.15%
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Rhode Island

There are currently 502 properties for sale in Rhode Island. The current home value ranges in price from 2 to 10,900,000. The total count of properties in the state is 322,327, and the percentage of properties for sale is 502.00%.

Foreclosure
There are 5 counties within Rhode Island; within these counties, the median estimated home value for homes in foreclosure ranges from $2,034,006 in Providence to the lowest value of $156,150 in Providence. Foreclosure homes account for 0.00% of properties in Rhode Island with Providence containing 103 foreclosures, the highest number of foreclosure properties in a single county.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.00% of all residential properties in Rhode Island with Kent containing 6 pre-foreclosures, the highest number of pre-foreclosure properties in a single county. There are 5 counties within Rhode Island; of those counties, the estimated home value for pre-foreclosure homes ranges from $655,559 in Providence to the lowest home value of $310,881 in Kent.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Rhode Island ranges from the highest value of $424,200 in Kent to the lowest value of $211,203 in Providence. Bank owned homes and properties account for 0.01% of properties in Rhode Island. There are 5 counties within Rhode Island; Providence containing 22 REO properties, has the highest number of bank owned properties in a single county.
  • Auctions
    Providence has 80 auction properties, the highest number of properties going to auction in a single county in the state of Rhode Island. Auction homes and other auction properties account for 0.04% of all properties in Rhode Island. There are 5 counties within Rhode Island; of those counties, the median estimated home value for homes going to auction ranges from $649,373 in Newport to the lowest value of $156,150 in Newport.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.16% of residential properties in Rhode Island with Providence containing 222 homes for sale, the highest number of listed properties in a single county. There are 5 counties within Rhode Island; homes for sale in those counties, have a range of median values from $6,966,738 in Bristol to the lowest value of $81,976 in Providence.
    Sold Homes
    The median value for recently sold homes ranges from $4,432,428 in Bristol to the lowest price of $44,150 in Bristol. There are 5 counties within Rhode Island. Providence has 3338 recently sold homes, the highest number of recently sold properties in a single county. Recently sold homes and properties account for 1.91% of properties in Rhode Island.

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      Guide for Rhode Island

      Home Buying Guides & Tips
      Rhode Island Foreclosure Laws
      A Luxury Mansion
      Investing Strategies
      Winning A Luxury Real Estate Auctions: Key Tips
      California
      Fremont Property Market Calms After 2023 Highs; Stabilizes Early 2024 with Peak Median Value at $1.42M
      California
      Santa Ana – An In-Depth Look at Price Fluctuations in 2023-2024
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      Rhode Island Foreclosure Laws
      Home Buying Guides & Tips|posted 6 June 2013

      Rhode Island Foreclosure Laws

      A Luxury Mansion
      Winning A Luxury Real Estate Auctions: Key Tips
      Investing Strategies|posted 1 March 2024

      A few quick tips to prepare you for selling a luxury home at auction

      Fremont Property Market Calms After 2023 Highs; Stabilizes Early 2024 with Peak Median Value at $1.42M
      California|posted 1 March 2024

      The Fremont, California real estate market experienced considerable fluctuation throughout 2023 and into 2024, with significant peaks and stabilization across various parameters.

      Santa Ana – An In-Depth Look at Price Fluctuations in 2023-2024
      California|posted 1 March 2024

      Santa Ana’s real estate market thrives with fluctuating median property values and diverse submarkets. Recent trends indicate potential opportunities for investors with varied budgets despite market volatility, enhanced by Santa Ana’s comparatively low foreclosure rates and value-for-money square foot pricing.