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

Housing Market Conditions



Gauge showing Portsmouth is a seller's market


Difference Since April 2022

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

Key Takeaway

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

How much do homes in Portsmouth, RI cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since April 2022


Key Takeaway

Homes in Portsmouth have sold for 16.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2022Apr 2023%
1 $418.9K$410K
2 $422K$455K
3 $510K$600K
4 $786.5K$856.5K
5+ $2.9M$1.2M

Median Sold Price Compared To Nearby Cities


How many homes are available in Portsmouth, RI?

Number of Homes For Sale

Mar 2023Apr 2023%

Homes For Sale By Bedroom Count

# BEDSMar 2023Apr 2023%
1 22
2 2018
3 3130
4 1619
5+ 89

Number of Homes Sold

Mar 2023Apr 2023%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Portsmouth, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Apr 2022Apr 2023%
20 Days70 Days+251.4%

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Portsmouth 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.

About Portsmouth, RI

Number of homes for sale in Portsmouth, RI real estate market have reached 78. In April 2023 in Portsmouth, RI there were 1.3% more homes for sale than in March 2023. In April 2023 median list price was $610,000 and the average listing age was 70 days. This housing market listing prices have changed between March 2023 and April 2023: prices of 1 bedroom properties went down by 2.1%, 2 bedrooms properties became 7.8% more expensive, 3 bedrooms properties became 17.6% more expensive, the cost of 4 bedrooms properties went up by 8.9%, prices of 5 bedrooms properties decreased by 56.7%. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes remained the same, number of 2 bedrooms homes decreased by 10%, 3 bedrooms homes inventory decreased by 3.2%, volume of 4 bedrooms homes went up by 18.8%, number of 5 bedrooms homes increased by 12.5%. In April 2023 more than 4 listings in Portsmouth, RI were sold above the asking price. During the same period more than 5 listings were sold at asking price, while more than 9 were sold below.

Related Housing Market Reports