Rhode Island Housing Market
Home prices in Rhode-Island were up 14.3% year-over-year in October. At the same time, the number of homes sold rose 8.4% and the number of homes for sale rose 14.1%.
All Home Types
Rhode-Island Housing Market Overview
What is the housing market like right now?
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$520,700
+14.3% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
What does this mean?
The direction and pace at which home prices are changing are indicators of the strength of the housing market and whether homes are becoming more or less affordable. The median price of a home in the United States is currently $520,700.
Location
Data
Oct 2024
Growth
% YoY
Rhode-Island
$520,700
+14.3%
Top 10 Metros in Rhode Island with the Fastest Growing Sales Price
- Portsmouth, RI40.3%
- Smithfield, RI36.0%
- North Kingstown, RI34.5%
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Rhode-Island Housing Supply
Are there enough homes for sale to meet buyer demand?
All Home Types
# of Homes for SaleAll Home Types
# of Homes for Sale
(All Home Types)
3,091
+14.1% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
What does this mean?
The direction and pace at which housing supply changes indicate whether the options for buyers are increasing or decreasing. They can also indicate whether homes are lingering on the market or being sold faster than sellers are listing them. There are currently 3,091 residential homes for sale in the United States.
Location
Data
Oct 2024
Growth
% YoY
Rhode-Island
3,091
+14.1%
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