Providence, RI Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Providence, RI is $510,000, up 0.2% year-over-year. Homes sell in an average of 53 days with 220 active listings. The market is currently a balanced market.
$510,000median sale price
Is Providence a buyer's or seller's market?
Providence, RI is currently a balanced market, based on 2.9 months of supply and homes selling in about 53 days. How we determine this →
Homes sold
77
Last 12 weeks
Days on market
53
Average pace
Active listings
220
2.9 months supply
Sale-to-list
98.6%
Below asking
Providence, RI market data
| Metric | Value |
|---|---|
| Median sale price | $510,000 |
| Median list price | $550,000 |
| Year-over-year price change | +0.2% |
| Average days on market | 53 days |
| Active inventory | 220 listings |
| Months of supply | 2.9 months |
| Sale-to-list price ratio | 98.6% |
| Market condition | Balanced market |
Source: Redfin · Updated weekly
The Providence housing market is currently classified as a balanced market with a median sale price of $510,000. Prices have risen 0.2% compared to last year, with homes spending an average of 53 days on market, indicating 2.9 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 Providence
There are currently 220 homes listed for sale in Providence, Rhode Island. The median listing price is $550K.
Active listings
220
Homes on market
Median list price
$550K
Avg. days on market
53
Days until sale
New this week
91
Newly listed
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Frequently asked questions
What is the average home price in Providence?
The median home sale price in Providence is $510,000, up 0.2% from last year.
How long do homes stay on market in Providence?
Homes typically spend 53 days on market before going under contract.
Is Providence a buyer's or seller's market?
With 2.9 months of supply, Providence is currently a balanced market.
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