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Featured local agent — Portsmouth, RI
Sarah Mitchell
Compass Real Estate · Portsmouth, RI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Portsmouth, RI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$800,000median sale price
How is the Portsmouth, RI housing market right now?
The median home sale price in Portsmouth, RI is $800,000, up 7.1% year-over-year. Homes sell in an average of 54 days with 62 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Portsmouth a buyer's or seller's market?
Portsmouth, RI is currently a balanced market, based on 2.5 months of supply and homes selling in about 54 days. How we determine this →
Homes sold
25
Last 12 weeks
Days on market
54
Average pace
Active listings
62
2.5 months supply
Sale-to-list
98.3%
Below asking
What does the Portsmouth housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $800,000 |
| Median list price | $715,000 |
| Year-over-year price change | +7.1% |
| Average days on market | 54 days |
| Active inventory | 62 listings |
| Months of supply | 2.5 months |
| Sale-to-list price ratio | 98.3% |
| Median price per sq ft | $424/sq ft |
| Homes sold (latest month) | 25 |
| New listings (latest month) | 25 |
| Listings with a price cut | 17.7% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Portsmouth by property type?
How the Portsmouth, RI market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $822,000 | $448/sq ft | 20 | 47 days |
| Condo / Co-op | $812,500 | $386/sq ft | 4 | 58 days |
Source: Redfin · Updated monthly
The Portsmouth housing market is currently classified as a balanced market with a median sale price of $800,000. Prices have risen 7.1% compared to last year, with homes spending an average of 54 days on market, indicating 2.5 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in Portsmouth
There are currently 62 homes listed for sale in Portsmouth, Rhode Island. The median listing price is $715K.
Active listings
62
Homes on market
Median list price
$715K
Avg. days on market
54
Days until sale
New this week
25
Newly listed
What are homes worth in Portsmouth?
Zillow home value
$702,514
Zillow rent index
$3,378/mo
Price-to-rent ratio
17.3x
Source: Zillow Research
Which public schools serve Portsmouth?
4 schools tracked · 2,143 students
The largest public schools serving Portsmouth, RI by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Portsmouth High School
Grades 9-12 · 790 students
Portsmouth Middle School
Grades 5-8 · 622 students
Howard Hathaway School
Grades K-4 · 401 students
Melville School
Grades PK-4 · 330 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Portsmouth, RI?
Want a head-to-head view? Compare Portsmouth side-by-side with any other U.S. city using our market-comparison tool.
Is Portsmouth a good real estate investment market?
For investors evaluating Portsmouth, the price-to-rent ratio of 17.3x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 7.1% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Portsmouth's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Portsmouth's median home price.
Frequently asked questions
What is the average home price in Portsmouth?
The median home sale price in Portsmouth is $800,000, up 7.1% from last year.
How long do homes stay on market in Portsmouth?
Homes typically spend 54 days on market before going under contract.
Is Portsmouth a buyer's or seller's market?
With 2.5 months of supply, Portsmouth is currently a balanced market.
What is the Zillow home value estimate for Portsmouth?
The Zillow Home Value Index (ZHVI) for Portsmouth is $702,514, representing the typical home value in the area.
What is the median condo price in Portsmouth?
The median condo/co-op sale price in Portsmouth, RI is $812,500, compared to $822,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Portsmouth?
The median single-family home price in Portsmouth, RI is $822,000 (about $448 per square foot).
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