New Listing
7
$225,000
Quonset Ave
Warwick, RI 02889
0 ba
Land9,600 sqft lot
View photos & details
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Sarah Mitchell
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Compass Real Estate · Warwick, RI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
Warwick, RI(512) 555-0184TX License #0512847
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Warwick, RI Housing Market
Strong seller's market+2.7% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Warwick, RI is worth $422,122, rose 2.7% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $431,000, -0.1% year over year (through May 2026). With 1.8 months of supply and homes going under contract in about 25 days, Warwick is a strong seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $422,122 home is about $2,254/mo in principal and interest.
Key numbers for Warwick, RI
Typical home value
$422,122
+2.7% in 12 months
Zillow, August 2026
Typical asking rent
$2,182/mo
Zillow Observed Rent Index
Zillow, August 2026
Median sale price
$431,000
-0.1% year over year
Redfin, through May 2026
Days on market
25
Average pace
Redfin, through May 2026
Active listings
153
1.8 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$87,536
Home costs 4.8x income
U.S. Census ACS, 2023
Sale-to-list ratio
102.3%
Selling above 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 Warwick a buyer's or seller's market?
Strong seller's market1.8 months of supply25 days on market102.3% of asking
Warwick, RI is a strong seller's market, based on 1.8 months of supply and homes selling in about 25 days. Under 2 months of supply is a severe shortage: expect competition on almost anything priced correctly, and little room to negotiate below asking.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Warwick housing market data show?
Every row below is Redfin's final published month for Warwick, RI. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $431,000 |
| Median list price | $419,000 |
| Year-over-year price change | -0.1% |
| Median price per sq ft | $329/sq ft |
| Median days on market | 25 days |
| Active inventory | 153 listings |
| Months of supply | 1.8 months |
| Sale-to-list price ratio | 102.3% |
| Homes sold (that month) | 83 |
| New listings (that month) | 129 |
| Listings with a price cut | 20.3% |
| Market condition | Strong seller'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 Warwick is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Warwick 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 Warwick home prices moved?
Over the last three years the median sale price in Warwick, RI rose 13.4%, from $380,000 to $431,000. The live Zillow value series has rose 2.7% in the last 12 months, which is the more current read now that Redfin's series has stopped. 20.3% of Warwick listings cut their asking price in the final Redfin month — a modest share, which is what a market looks like when sellers are pricing close to where homes actually clear. For prices to fall meaningfully from here, supply would have to keep building past 1.8 months while the sale-to-list ratio slips below its current 102.3%. 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 Warwick?
Priced off the typical home value of $422,122 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% | $84,424 | $337,698 | $2,254/mo |
| 5% | $21,106 | $401,016 | $2,676/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 $2,254, that implies roughly $96,579 a year before you add taxes and insurance. The median household in Warwick earns $87,536, about $9,043 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 4.8x — above the historical 3x norm but in line with much of the country in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Warwick in the next 12 months?
Tell us your timeline. We send the Warwick 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 Warwick?
Typical asking rent in Warwick, RI is $2,182/mo, against a typical home value of $422,122. That is a price-to-rent ratio of 16.1x, which means buying and renting land close enough together that the decision turns on how long you stay and your down payment. Compared head to head, 20% down puts principal and interest at $2,254 a month — $72 more than renting before taxes and insurance, so the ownership case here rests on equity and appreciation rather than monthly cash flow.
Zillow, August 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Warwick?
Active listings in Warwick, RI went from 145 in May 2025 to 153 in May 2026, a +5.5% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 162 | 133 |
| July 2025 | 165 | 129 |
| August 2025 | 162 | 123 |
| September 2025 | 174 | 119 |
| October 2025 | 189 | 131 |
| November 2025 | 160 | 78 |
| December 2025 | 146 | 67 |
| January 2026 | 131 | 77 |
| February 2026 | 123 | 66 |
| March 2026 | 127 | 101 |
| April 2026 | 139 | 125 |
| May 2026 | 153 | 129 |
Redfin, through May 2026
How does Warwick compare to Rhode Island and the U.S.?
Warwick homes sell for $431,000 — 20% below the Rhode Island median of $536,900. Against the national median of $410,700, Warwick runs 5% higher. Year-over-year, Warwick moved -0.1% against Rhode Island's +3.3% — a smaller swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Warwick, RI | $431,000 | -0.1% | 25 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 Warwick
What buyers should watch
- Months of supply, currently 1.8. 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 20.3%. 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 $423 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 $422,122 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 Warwick listing goes under contract in 25 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 102.3% of asking. Price at the number you want and let competition do the rest.
- In the last published month Warwick added 129 new listings against 83 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved +2.7% 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 Warwick varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Warwick
There are currently 153 homes listed for sale in Warwick, Rhode Island. The median listing price is $419K. Featured listings range from $225,000 to $599,000.
New Listing
32
$265,000
68 Lane 5
Warwick, RI 02888
1 bd1 ba863 sqft$307/ft²
House
The Home Team · HomeSmart First Class Realty
View photos & details
New Listing
26
$364,900
28 Fulton St
Warwick, RI 02889
3 bd1 ba1,062 sqft$344/ft²
House3,485 sqft lot
View photos & details
New Listing
28
$375,000
79 Bellevue Ave
Warwick, RI 02888
3 bd1 ba1,400 sqft$268/ft²
House5,227 sqft lot
View photos & details
New Listing
49
$475,000
179 Lane 4 Rd
Warwick, RI 02888
2 bd3 ba1,608 sqft$295/ft²
House
Sandra Conway Catanzaro · HomeSmart First Class Realty
View photos & details
New Listing
11
$499,000
21 Madison St
Warwick, RI 02888
3 bd3 ba1,400 sqft$356/ft²
House14,810 sqft lot
View photos & details
New Listing
33
$499,900
111 Beechcrest St
Warwick, RI 02888
3 bd2 ba1,512 sqft$331/ft²
House8,276 sqft lot
View photos & details
New Listing
47
$500,000
85 Gillan Ave
Warwick, RI 02886
3 bd3 ba1,592 sqft$314/ft²
House6,534 sqft lot
View photos & details
New Listing
30
$519,900
12 Railroad Row
Warwick, RI 02886
3 bd1 ba1,685 sqft$309/ft²
House10,454 sqft lot
View photos & details
New Listing
4
$579,900
112 James St
Warwick, RI 02886
3 bd3 ba1,760 sqft$329/ft²
House7,200 sqft lot
View photos & details
New Listing
9
$579,900
104 James St
Warwick, RI 02886
3 bd3 ba1,760 sqft$329/ft²
House7,200 sqft lot
View photos & details
New Listing
48
$599,000
160 Suburban Pkwy
Warwick, RI 02889
4 bd4 ba2,628 sqft$228/ft²
House8,276 sqft lot
View photos & details
Looking to buy in Warwick?
Get connected with a local real estate expert — free, no obligation.
Active listings
153
Homes on market
Median list price
$419K
Avg. days on market
25
Days until sale
New this week
129
Newly listed
Price drops:20.3%of listings
Sale-to-list:102.3%
How much do homes cost in Warwick by property type?
How the Warwick, 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 | $445,000 | $329/sq ft | 67 | 24 days |
| Condo / co-op | $335,000 | $284/sq ft | 15 | 44 days |
Who lives in Warwick?
American Community Survey estimates for Warwick. U.S. Census ACS, 2023
Population
82,871
Households
36,208
Median income
$87,536/yr
Median age
44.6 years
Owner-occupied
73.4%
Median home value
$322,000
Median gross rent
$1,299/mo
Mean commute
25 min
73.4% of occupied homes in Warwick are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $322,000 against Zillow's $422,122 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $1,299/mo, below Zillow's $2,182/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
Which public schools serve Warwick?
19 schools tracked · 7,771 students
The largest public schools serving Warwick, 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.
Pilgrim High School
Grades 9-12 · 1,165 students
Toll Gate High School
Grades 9-12 · 1,149 students
Warwick Veterans Middle School
Grades 6-8 · 1,066 students
Winman Middle School
Grades 6-8 · 715 students
Oakland Beach School
Grades PK-5 · 335 students
Sherman School
Grades K-5 · 323 students
Cedar Hill School
Grades K-5 · 311 students
Warwick Neck School
Grades K-5 · 287 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 Warwick, RI?
Ordered by distance from Warwick, not by size. Compare Warwick side by side with any of them.
Which ZIP codes are in Warwick?
These are the ZIP codes we see on active Warwick listings. Redfin did not publish a matching ZIP-level sale row for the same period, so we are not ranking them by price here — each ZIP page shows exactly what we hold for it.
Warwick housing market FAQ
Is Warwick a buyer's or seller's market?
Warwick, RI is currently a strong seller's market. That read comes from 1.8 months of supply, homes going under contract in about 25 days, and sellers getting 102.3% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Warwick?
The typical home in Warwick, RI is worth $422,122 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $431,000, about $329 per square foot.
Is Warwick cheaper than the rest of Rhode Island?
Warwick's median sale price of $431,000 is 20% lower than the Rhode Island statewide median of $536,900, and 5% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Warwick?
Homes in Warwick, RI spent a median of 25 days on market before going under contract, versus 26 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Warwick?
At the current 30-year fixed rate of 7.03%, 20% down on a $422,122 home is about $2,254 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $96,579 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $87,536.
Are home prices rising in Warwick?
The typical home value in Warwick, RI rose 2.7% over the last 12 months, from $411,162 to $422,122 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Warwick?
Warwick 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 Warwick?
That depends on your timeline, not on a headline. What the data says today: Warwick, RI is a strong seller's market with 1.8 months of supply, the 30-year fixed rate is 7.03%, and the price-to-rent ratio of 16.1x means buying and renting land close enough together that the decision turns on how long you stay and your down payment. Properties Incorporated publishes the data; it does not give financial advice.
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