The Providence housing market is very competitive. Homes in Providence receive 4 offers on average and sell in around 23 days. The median sale price of a home in Providence was $475K last month, up 20.0% since last year. The median sale price per square foot in Providence is $241, up 23.6% since last year.
What is the housing market like in Providence today?
In March 2024, Providence home prices were up 20.0% compared to last year, selling for a median price of $475K. On average, homes in Providence sell after 23 days on the market compared to 33 days last year. There were 91 homes sold in March this year, down from 132 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$475,000
+20.0% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Providence, RI
$475,000
+20.0%
United States
To compare other locations to the Providence and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Providence's median sale price is 20% higher than the national average. Overall cost of living in Providence is 11% higher than the national average. Learn which home features in Providence add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Providence housing market?
Providence is very competitive. Homes sell in 21.5 days.
0
100
81
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% above list price and go pending in around 22 days.
Hot homes
can sell for about 5% above list price and go pending in around 7 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Providence
Explore recent offers and recently sold homes in Providence
Homes in this area are served by the Met Career And Technical.
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
9/10
Stadium School
Public • PreK-5
264
Students
4 reviews
7/10
Edward S. Rhodes School
Public • K-5
174
Students
9 reviews
7/10
Reservoir Avenue School
Public • K-5
285
Students
4 reviews
6/10
Pleasant View School
Public • PreK-5
429
Students
21 reviews
6/10
Edgewood Highland School
Public • PreK-5
252
Students
14 reviews
Only showing 5 of
40 elementary schools.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Providence housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Providence.
Risk Factor
Flood Factor - Moderate
17% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Providence has a moderate risk of flooding. 3,542 properties in Providence are likely to be
severely affected
by flooding over the next 30 years. This represents 17% of all properties in Providence. Flood risk is increasing slower than the national average.
<1% of properties are at risk of wildfire over the next 30 years
Fire Factor
Providence has a minor risk of wildfire. There are 32 properties in Providence that have some risk of being affected by wildfire over the next 30 years. This represents <1% of all properties in Providence.
99% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
Providence has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Providence is most at risk from hurricanes. 40,442 properties in Providence have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 114 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 123 mph.