Is Cumberland, RI a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Cumberland is a seller's market


Difference Since May 2022

Since last year, Cumberland has remained a Seller's Market.

Key Takeaway

Cumberland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Cumberland, RI cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since May 2022


Key Takeaway

Homes in Cumberland have sold for 6.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2022May 2023%
1 $165K$154K
2 $315K$330K
3 $405K$428.7K
4 $501.5K$636.5K
5+ $416.5K$465K

Median Sold Price Compared To Nearby Cities

Central Falls

How many homes are available in Cumberland, RI?

Number of Homes For Sale

Apr 2023May 2023%

Homes For Sale By Bedroom Count

# BEDSApr 2023May 2023%
1 66
2 2018
3 4346
4 2424
5+ 34

Number of Homes Sold

Apr 2023May 2023%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cumberland, you could pay more than the asking price. 46.7% of homes here sold above asking price last month.

How long does it take to sell a home in Cumberland, RI?

How long does it take to sell a home in Cumberland, RI?

Average Sale Time

May 2022May 2023%
19 Days19 Days-0.3%

Breakdown of Home Sale Times

26 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Cumberland are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

What housing markets are near Cumberland, RI?

About Cumberland, RI

Number of homes for sale in Cumberland, RI real estate market have reached 98. The inventory of homes for sale in Cumberland, RI between April 2023 and May 2023 increased by 2.1%. The median list price of listings available in May 2023 was $425,200, while the average time on the real estate market was 19 days. Listing prices have changed in this real estate market between April 2023 and May 2023: 1 bedroom properties prices decreased by 6.7%, prices of 2 bedrooms properties increased by 4.8%, prices of 3 bedrooms properties went up by 5.9%, prices of 4 bedrooms properties increased by 26.9%, 5 bedrooms properties became 11.6% more expensive. Volume of homes for sale in this real estate market have seen the following changes: volume of 1 bedroom homes stayed the same, volume of 2 bedrooms homes went down by 10%, 3 bedrooms homes became 7% more available, number of 4 bedrooms homes remained the same, 5 bedrooms homes became 33.3% more available. Cumberland, RI housing market in May 2023 saw over 14 listings sold above listed price, more than 11 sold at listed price and over 5 sold below.