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Featured local agent — New Shoreham, RI
Sarah Mitchell
Compass Real Estate · New Shoreham, RI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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New Shoreham, RI Housing Market
The typical home in New Shoreham, RI is worth $1.84M, rose 5.0% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $1.66M, -34.8% year over year (through May 2026). With 10.0 months of supply and homes going under contract in about 221 days, New Shoreham is a buyer's market. At today's 7.03% 30-year fixed rate, 20% down on a $1.84M home is about $9,834/mo in principal and interest.
Key numbers for New Shoreham, RI
Typical home value
$1.84M
+5.0% in 12 months
Zillow, August 2026
Median sale price
$1.66M
-34.8% year over year
Redfin, through May 2026
Days on market
221
Slow-moving
Redfin, through May 2026
Active listings
10
10.0 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Sale-to-list ratio
72.3%
Selling below asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is New Shoreham a buyer's or seller's market?
New Shoreham, RI is a buyer's market, based on 10.0 months of supply and homes selling in about 221 days. Above 7 months of supply is a glut: inventory is well ahead of the sales pace, and buyers can take time to inspect, compare, and negotiate concessions.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the New Shoreham housing market data show?
Every row below is Redfin's final published month for New Shoreham, RI. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $1.66M |
| Median list price | $2.33M |
| Year-over-year price change | -34.8% |
| Median price per sq ft | $441/sq ft |
| Median days on market | 221 days |
| Active inventory | 10 listings |
| Months of supply | 10.0 months |
| Sale-to-list price ratio | 72.3% |
| Homes sold (that month) | 1 |
| New listings (that month) | 3 |
| Listings with a price cut | 30.0% |
| Market condition | Buyer's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for New Shoreham is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in New Shoreham is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have New Shoreham home prices moved?
Over the last three years the median sale price in New Shoreham, RI rose 31.2%, from $1.26M to $1.66M. The live Zillow value series has rose 5.0% in the last 12 months, which is the more current read now that Redfin's series has stopped. 30.0% of New Shoreham listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 10.0 months while the sale-to-list ratio slips below its current 72.3%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in New Shoreham?
Priced off the typical home value of $1.84M at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $368,426 | $1.47M | $9,834/mo |
| 5% | $92,107 | $1.75M | $11,678/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $9,834, that implies roughly $421,470 a year before you add taxes and insurance. We do not hold a Census income figure for New Shoreham, so we cannot compare that threshold to local earnings.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in New Shoreham in the next 12 months?
Tell us your timeline. We send the New Shoreham market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in New Shoreham?
Zillow does not publish a rent index (ZORI) for New Shoreham, RI, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in New Shoreham?
Active listings in New Shoreham, RI went from 10 in February 2025 to 10 in May 2026, a +0.0% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings | New listings |
|---|---|---|
| March 2025 | 9 | 1 |
| May 2025 | 12 | 4 |
| June 2025 | 21 | 10 |
| July 2025 | 16 | 1 |
| August 2025 | 15 | 2 |
| September 2025 | 16 | 3 |
| October 2025 | 15 | 4 |
| November 2025 | 13 | 1 |
| December 2025 | 10 | not published |
| January 2026 | 13 | 3 |
| February 2026 | 11 | 1 |
| May 2026 | 10 | 3 |
Redfin, through May 2026
How does New Shoreham compare to Rhode Island and the U.S.?
New Shoreham homes sell for $1.66M — 209% above the Rhode Island median of $536,900. Against the national median of $410,700, New Shoreham runs 304% higher. Year-over-year, New Shoreham moved -34.8% against Rhode Island's +3.3% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| New Shoreham, RI | $1.66M | -34.8% | 221 days |
| Rhode Island statewide | $536,900 | +3.3% | 26 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in New Shoreham
What buyers should watch
- Months of supply, currently 10.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 30.0%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $1,844 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $1.84M home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median New Shoreham listing goes under contract in 221 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 72.3% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month New Shoreham added 3 new listings against 1 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved +5.0% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside New Shoreham varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in New Shoreham
There are currently 10 homes listed for sale in New Shoreham, Rhode Island. The median listing price is $2.3M.
Active listings
10
Homes on market
Median list price
$2.3M
Avg. days on market
221
Days until sale
New this week
3
Newly listed
How much do homes cost in New Shoreham by property type?
How the New Shoreham, RI market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $3.00M | $1,210/sq ft | 1 | 133 days |
| Condo / co-op | $2.25M | $1,304/sq ft | 1 | 17 days |
Which cities are near New Shoreham, RI?
Ordered by distance from New Shoreham, not by size. Compare New Shoreham side by side with any of them.
New Shoreham housing market FAQ
Is New Shoreham a buyer's or seller's market?
New Shoreham, RI is currently a buyer's market. That read comes from 10.0 months of supply, homes going under contract in about 221 days, and sellers getting 72.3% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in New Shoreham?
The typical home in New Shoreham, RI is worth $1.84M (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $1.66M, about $441 per square foot.
Is New Shoreham cheaper than the rest of Rhode Island?
New Shoreham's median sale price of $1.66M is 209% higher than the Rhode Island statewide median of $536,900, and 304% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in New Shoreham?
Homes in New Shoreham, RI spent a median of 221 days on market before going under contract, versus 26 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in New Shoreham?
At the current 30-year fixed rate of 7.03%, 20% down on a $1.84M home is about $9,834 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $421,470 a year before taxes, insurance, HOA dues or mortgage insurance.
Are home prices rising in New Shoreham?
The typical home value in New Shoreham, RI rose 5.0% over the last 12 months, from $1.75M to $1.84M (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in New Shoreham?
New Shoreham ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in New Shoreham?
That depends on your timeline, not on a headline. What the data says today: New Shoreham, RI is a buyer's market with 10.0 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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