Cumberland, RI Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Cumberland, RI is $520,000, up 3.7% year-over-year. Homes sell in an average of 34 days with 48 active listings. The market is currently a seller's market.
$520,000median sale price
Is Cumberland a buyer's or seller's market?
Cumberland, RI is currently a seller's market, based on 2.2 months of supply and homes selling in about 34 days. How we determine this →
Homes sold
22
Last 12 weeks
Days on market
34
Average pace
Active listings
48
2.2 months supply
Sale-to-list
99.7%
Below asking
Cumberland, RI market data
| Metric | Value |
|---|---|
| Median sale price | $520,000 |
| Median list price | $562,450 |
| Year-over-year price change | +3.7% |
| Average days on market | 34 days |
| Active inventory | 48 listings |
| Months of supply | 2.2 months |
| Sale-to-list price ratio | 99.7% |
| Market condition | Seller's market |
Source: Redfin · Updated weekly
The Cumberland housing market is currently classified as a seller's market with a median sale price of $520,000. Prices have risen 3.7% compared to last year, with homes spending an average of 34 days on market, indicating 2.2 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Cumberland
There are currently 48 homes listed for sale in Cumberland, Rhode Island. The median listing price is $562K.
Active listings
48
Homes on market
Median list price
$562K
Avg. days on market
34
Days until sale
New this week
18
Newly listed
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Frequently asked questions
What is the average home price in Cumberland?
The median home sale price in Cumberland is $520,000, up 3.7% from last year.
How long do homes stay on market in Cumberland?
Homes typically spend 34 days on market before going under contract.
Is Cumberland a buyer's or seller's market?
With 2.2 months of supply, Cumberland is currently a seller's market.
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