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Compass Real Estate · ZIP 02888
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02888 ZIP Code Housing Market
$444,000median sale price
What is the 02888 housing market like right now?
The median home sale price in ZIP code 02888 is $444,000, up 7.9% year-over-year. Homes sell in an average of 23 days with 19 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 02888 ZIP code a buyer's or seller's market?
ZIP code 02888 is currently a seller's market and homes selling in about 23 days. How we determine this →
What are the latest 02888 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $444,000 |
| Median list price | $435,000 |
| Year-over-year price change | +7.9% |
| Average days on market | 23 days |
| Active inventory | 19 listings |
| Sale-to-list price ratio | 103.2% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
The 02888 zip code, located in Warwick, RI, is currently classified as a seller's market. The median sale price stands at $444,000, representing a +7.9% change year over year. Homes in this area spend an average of 23 days on the market before going under contract. There are currently 19 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 02888 sits in the Warwick, RI area, roughly 3.2 miles from downtown Warwick. Because home prices are set street by street, this ZIP can move differently from Warwick's citywide averages. The figures below reflect 02888 specifically — drawn from Redfin transactions, U.S. Census data for its 19,134 residents, and Zillow value estimates.
Homes sold
44
Last 12 weeks
Days on market
23
Average pace
Active listings
19
Sale-to-list
103.2%
Above asking
What is driving the 02888 housing market?
The 02888 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a seller's market, homes are selling at approximately 103.2% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 02888 have increased +7.9% compared to last year, suggesting continued demand and potential for further appreciation. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 02888 stands at $421,710, which represents Zillow's estimate of the typical home value in the area. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 02888?
Population
19,134
Median income
$91,867/yr
Median age
43.6 years
Owner-occupied
80.3%
College grads
33.2%
Avg commute
25 min
What is it like living in 02888?
Zip code 02888 is home to approximately 19,134 residents. The median household income is $91,867 per year, which shapes the types of homes and amenities available in the area. With a median age of 43.6 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 80.3% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 33.2% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 25 minutes, which is close to the national average. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 02888.
Which public schools serve ZIP 02888?
5 schools tracked · 2,127 students
The largest public schools serving ZIP code 02888 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
Wyman School
Grades K-5 · 285 students
Holliman School
Grades K-5 · 258 students
Norwood School
Grades K-5 · 257 students
Warwick Early Learning Center
Grades PK · 162 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 02888
What is the median home price in 02888?
The current median sale price in 02888 is $444,000, based on recent Redfin transaction data. Prices have changed +7.9% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 02888 a buyer's or seller's market?
The 02888 zip code is currently classified as a seller's market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population of zip code 02888?
Zip code 02888 has a population of approximately 19,134 residents. The median household income is $91,867 per year. About 80.3% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 02888?
Properties Incorporated provides comprehensive data for 02888 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 02888 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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