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Sarah Mitchell
Compass Real Estate · ZIP 02889
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02889 ZIP Code Housing Market
$445,000median sale price
What is the 02889 housing market like right now?
The median home sale price in ZIP code 02889 is $445,000, up 6.4% year-over-year. Homes sell in an average of 33 days with 68 active listings. The market is currently a balanced 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 02889 ZIP code a buyer's or seller's market?
ZIP code 02889 is currently a balanced market and homes selling in about 33 days. How we determine this →
What are the latest 02889 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $445,000 |
| Median list price | $429,900 |
| Year-over-year price change | +6.4% |
| Average days on market | 33 days |
| Active inventory | 68 listings |
| Sale-to-list price ratio | 101.2% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
The 02889 zip code is currently classified as a balanced market. The median sale price stands at $445,000, representing a +6.4% change year over year. Homes in this area spend an average of 33 days on the market before going under contract. There are currently 68 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 02889 is tracked as its own local micromarket. Because home prices are set street by street, this ZIP can move differently from the surrounding area's citywide averages. The figures below reflect 02889 specifically — drawn from Redfin transactions, U.S. Census data for its 27,516 residents, and Zillow value estimates.
Homes sold
90
Last 12 weeks
Days on market
33
Average pace
Active listings
68
Sale-to-list
101.2%
Above asking
What is driving the 02889 housing market?
The 02889 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a balanced market, homes are selling at approximately 101.2% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 02889 have increased +6.4% 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 02889 stands at $421,708, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $2,150 per month. This gives a price-to-rent ratio of approximately 16.3, which sits in a moderate range where the buy-versus-rent decision depends heavily on individual financial circumstances and time horizon. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 02889?
Population
27,516
Median income
$83,946/yr
Median age
45.4 years
Owner-occupied
79.1%
College grads
26.1%
Avg commute
27.4 min
What is it like living in 02889?
Zip code 02889 is home to approximately 27,516 residents. The median household income is $83,946 per year, which shapes the types of homes and amenities available in the area. With a median age of 45.4 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 79.1% 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 26.1% 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 27.4 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 02889.
Which public schools serve ZIP 02889?
5 schools tracked · 2,280 students
The largest public schools serving ZIP code 02889 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.
Warwick Veterans Middle School
Grades 6-8 · 1,066 students
Oakland Beach School
Grades PK-5 · 335 students
Sherman School
Grades K-5 · 323 students
Warwick Neck School
Grades K-5 · 287 students
Hoxsie School
Grades K-5 · 269 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 02889
What is the median home price in 02889?
The current median sale price in 02889 is $445,000, based on recent Redfin transaction data. Prices have changed +6.4% 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 02889 a buyer's or seller's market?
The 02889 zip code is currently classified as a balanced 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 02889?
Zip code 02889 has a population of approximately 27,516 residents. The median household income is $83,946 per year. About 79.1% 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 02889?
Properties Incorporated provides comprehensive data for 02889 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 02889 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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