Is Providence County, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2022
Since last year, Providence County has remained a Seller's Market.
Key Takeaway
Providence County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
How much do homes in Providence County, RI cost?
Median Sold Price
$380,001
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2022
Key Takeaway
Homes in Providence County have sold for 9.6% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Apr 2022 | Apr 2023 | % |
|---|---|---|---|
| 1 Bedroom | $191.5K | $220K | +14.9% |
| 2 Bedrooms | $275K | $302.4K | +10.0% |
| 3 Bedrooms | $345K | $374.9K | +8.7% |
| 4 Bedrooms | $365.2K | $408.9K | +12.0% |
| 5+ Bedrooms | $401.6K | $453.6K | +13.0% |
Median Sold Price Compared To Nearby Counties
| Windham County | $260K | $288.5K | +10.9% |
| Bristol County | $487.5K | $537.9K | +10.3% |
| Providence County | $346.5K | $380K | +9.6% |
| Bristol County | $414.8K | $450K | +8.5% |
| Kent County | $329.9K | $352.9K | +7.0% |
How many homes are available in Providence County, RI?
Number of Homes For Sale
| Mar 2023 | Apr 2023 | % |
|---|---|---|
| 1,403 | 1,312 | -6.5% |
Homes For Sale By Bedroom Count
| # BEDS | Mar 2023 | Apr 2023 | % |
|---|---|---|---|
| 1 Bedroom | 51 | 38 | -25.5% |
| 2 Bedrooms | 253 | 255 | +0.8% |
| 3 Bedrooms | 539 | 502 | -6.9% |
| 4 Bedrooms | 284 | 260 | -8.5% |
| 5+ Bedrooms | 276 | 257 | -6.9% |
Number of Homes Sold
| Mar 2023 | Apr 2023 | % |
|---|---|---|
| 427 | 386 | -9.6% |
Asking Price vs. Sold Price
114 Homes Were Sold
Under Asking
50 Homes Were Sold
At Asking
222 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Providence County, you could pay more than the asking price. 57.5% of homes here sold above asking price last month.
Average Sale Time
| Apr 2022 | Apr 2023 | % |
|---|---|---|
| 25 Days | 31 Days | +24.0% |
Breakdown of Home Sale Times
256 Homes Were Sold
Under 30 Days
98 Homes Were Sold
In 30 - 90 Days
32 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Providence County are selling fast, if you're buying plan to act quickly.
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