Is Providence, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since January 2022
Since last year, Providence has remained a Seller's Market.
How much do homes in Providence, RI cost?
Median Sold Price
$385,043
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since January 2022
Median Sold Price By Bedroom Count
# BEDS | Jan 2022 | Jan 2023 | % |
---|---|---|---|
1 Bedroom | $240K | $261.5K | +9.0% |
2 Bedrooms | $289K | $322.9K | +11.8% |
3 Bedrooms | $296.1K | $316.8K | +7.0% |
4 Bedrooms | $325.3K | $381.6K | +17.3% |
5+ Bedrooms | $394K | $460.8K | +16.9% |
Median Sold Price Compared To Nearby Cities
Rumford | $347.4K | $435K | +25.2% |
Johnston | $325K | $370K | +13.8% |
Providence | $339.9K | $385K | +13.3% |
Cranston | $335K | $373.2K | +11.4% |
North Providence | $299.9K | $330K | +10.0% |
How many homes are available in Providence, RI?
Number of Homes For Sale
Dec 2022 | Jan 2023 | % |
---|---|---|
346 | 304 | -12.1% |
Homes For Sale By Bedroom Count
# BEDS | Dec 2022 | Jan 2023 | % |
---|---|---|---|
1 Bedroom | 14 | 15 | +7.1% |
2 Bedrooms | 47 | 45 | -4.3% |
3 Bedrooms | 86 | 67 | -22.1% |
4 Bedrooms | 66 | 66 | 0.0% |
5+ Bedrooms | 133 | 111 | -16.5% |
Number of Homes Sold
Dec 2022 | Jan 2023 | % |
---|---|---|
124 | 84 | -32.3% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
37 Homes Were Sold
Over Asking
Average Sale Time
Jan 2022 | Jan 2023 | % |
---|---|---|
32 Days | 28 Days | -10.6% |
Breakdown of Home Sale Times
55 Homes Were Sold
Under 30 Days
25 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days