Rhode Island Real Estate Market Trends & Home Values

Rhode Island

Rhode Island Home Values & Market Trends

There have been 14,934 properties sold in the Rhode Island real estate market trends. Median home values in the Rhode Island housing market are $526,933. The median residential home value for transactions over the last 12 months is 397,182. The State of Rhode Island currently has 208 properties in foreclosure, 33 bank owned properties, and 152 headed for auction.

Rhode Island Real Estate Market Overview

County	Median Est. Value	County	Median Est. Value
Providence	$ 440,343 $ 308/sqft	Washington	$ 763,978 $ 440/sqft
Newport	$ 899,000 $ 598/sqft	Bristol	$ 615,127 $ 395/sqft
Kent	$ 447,235 $ 324/sqft

County

Median Est. Value

County

Median Est. Value

Providence

$ 440,343

$ 308/sqft

Washington

$ 763,978

$ 440/sqft

Newport

$ 899,000

$ 598/sqft

Bristol

$ 615,127

$ 395/sqft

Kent

$ 447,235

$ 324/sqft

Housing Market Summary for Rhode Island

	May 2024	April 2025	Change
Median Listing Price	$549.9K	$450K	-18.17%
Median Sold Price	$433.5K	$478.5K	10.38%
Homes For Sale	763	1,643	115.33%
Homes Sold	5,945	6,230	4.79%

Price

$/Sqft

Homes For Sale

0

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%.

0

Recently Sold Homes

Explore recent offers and recently sold homes in Rhode Island

Recently Sold

$179,100

Sold Price

3 beds

1 baths

1,524 sqft

1,273 sqft lot

170 Bartlett Ave, Cranston, RI 02905

Angell Ave # 22, North Providence, RI 02911

Recently Sold

6 beds

4 baths

2,389 sqft

5,471 sqft lot

20 Angell Ave # 22, North Providence, RI 02911

Wakefield St Unit 15, West Warwick, RI 02893

Recently Sold

$459,900

Listing Price

2 beds

2 baths

1,600 sqft

2,483 sqft lot

550 Wakefield St Unit 15, West Warwick, RI 02893

Browse Homes in Rhode Island

There are currently 1,702 properties for sale in Rhode Island. The current home value ranges in price from 1,250 to 10,900,000. The total count of properties in the state is 7,555, and the percentage of properties for sale is 1702.00%.

Foreclosure

There are 5 counties within Rhode Island; within these counties, the median estimated home value for homes in foreclosure ranges from $609,151 in Kent to the lowest value of $137,755 in Kent. Foreclosure homes account for 2.00% of properties in Rhode Island with Providence containing 133 foreclosures, the highest number of foreclosure properties in a single county.

Pre-Foreclosure
Pre-foreclosure homes account for 0.30% of all residential properties in Rhode Island with Kent containing 10 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 $1,649,000 in Newport to the lowest home value of $319,806 in Providence.
Bank Owned
The median estimated home value of bank owned homes (REO properties) in Rhode Island ranges from the highest value of $584,300 in Newport to the lowest value of $137,755 in Kent. Bank owned homes and properties account for 0.44% of properties in Rhode Island. There are 5 counties within Rhode Island; Providence containing 27 REO properties, has the highest number of bank owned properties in a single county.
Auctions
Providence has 96 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 2.01% 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 $915,316 in Bristol to the lowest value of $214,701 in Bristol.

Homes for Sale

Homes and properties that are actively listed for sale account for 22.53% of residential properties in Rhode Island with Providence containing 773 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 $10,500,000 in Newport to the lowest value of $34,495 in Kent.

Sold Homes

The median value for recently sold homes ranges from $7,225,350 in Bristol to the lowest price of $34,495 in Bristol. There are 5 counties within Rhode Island. Providence has 2825 recently sold homes, the highest number of recently sold properties in a single county. Recently sold homes and properties account for 71.97% of properties in Rhode Island.

Loading...