| Metric | Latest | Detail |
|---|---|---|
| Median listing price | $569,450 | -4.2% YoY |
| Median price per sq ft | $360 | 1,631 sq ft median |
| Median days on market | 39 | +8% YoY |
| Active listings | 2,844 | +22% YoY |
| New listings this month | 1,570 | September 2026 |
| Listings with a price cut | 14% | Share of active |
| Median sale price (closed) | $545,000 | +4.9% YoY · closed sales, July 2026 |
| Sale-to-list ratio | 100.4% | Closed sales, July 2026, seasonally adjusted |
| Pending-to-active ratio | 71.3% | 2,028 pending |
| Inventory vs 2019 | 59% | Active listings vs same month in 2019 |
| Gross rental yield | 3.7% | 2BR fair market rent |
Secondary metropolitan market · Rhode Island · September 2026 data
What is the Providence, RI real estate market doing?
As of September 2026, the median home listed in Providence, RI asks $569,450, down 4.2% year over year. Homes spend a median of 39 days on market, with 2,844 active listings and 14% carrying a price cut; pending contracts equal 71% of active listings, and inventory sits at 59% of the same month in 2019 — a seller's market. Estimated gross rental yield on the median listing is 3.7%. Figures come from public records and industry data, updated monthly.
Median listing price
$569,450
▼ 4.2% YoY
Median $ / sq ft
$360
1,631 sq ft median
Median days on market
39
September 2026
Active listings
2,844
For sale now
New listings
1,570
September 2026
Listings with price cuts
14%
Share of active
Inventory vs 2019
59%
Same month, 2019 = 100
Pending / active
71%
Contract activity
Median sale price (closed)
$545,000
▲ 4.9% YoY · closed sales · July 2026
Sale-to-list ratio
100.4%
Closed sales · July 2026, seasonally adjusted
Homes sold / month
1,288
Closed sales · July 2026, seasonally adjusted
What is the Providence, RI housing market doing right now?
The Providence, RI housing market lists at a $569,450 median as of September 2026, down 4.2% year over year, with a 39-day median market time and 2,844 homes for sale (14% with a price cut). Active inventory is 59% of the 2019 level, reading as a seller's market under WealthyBud's published buyer/seller rule. Gross rental yield is about 3.7%.
Providence housing market statistics
The table summarizes Providence's key housing figures for September 2026 — median listing and closed-sale prices, market pace, inventory and rental yield — each computed from public records and industry data. Closed-sale figures are Redfin's July 2026 data, the latest settled month Redfin reports for Providence.
How have home prices changed in Providence?
Providence home prices are down 4.2% year over year and -3.3% month over month as of September 2026, at a $569,450 median listing price. The chart tracks the trailing eight-quarter trend in the metro's median asking price.
Median listing price, Providence RI · trailing 8 quarters · source: public records and industry data.
The 10-year view
10-year median listing price, Providence RI · June of each year, 2017–2026 · source: public records and industry data.
How much inventory is on the market in Providence?
Providence has 2,844 active listings, 1,570 new this month, 2,028 pending as of September 2026. About 14% of active listings have cut their price, and inventory sits at 59% of its 2019 level — a seller's market by pace.
Is Providence a good real estate investment?
Providence scores 54/100 on WealthyBud's composite Investor Score, ranking #363 of 933 covered U.S. metros as of September 2026. The score blends price momentum, value, rental yield, supply and market heat into one percentile. It is a research opinion, not advice.
Investor Score
54/100
#363 of 933 covered metros
Price volatility
Medium
σ 6.5% · 20-yr price-index swings
Providence scores 54/100 on our composite Investor Score (#363 of 933 covered metros), a percentile blend of momentum, value, rental yield, supply and market-heat readings; the metro's long-run house price index has it up 58% over five years and +111% over ten, leaving prices 67% above its own 2000–2019 trend; at the published FY2026 fair market rent of $1,774/mo for a two-bedroom, the gross rental yield on the median listing is about 3.7%; active inventory sits at 59% of its June 2019 level, so supply is still below pre-pandemic norms; listing prices are down 4.2% year over year; all against a national 30-year fixed mortgage rate of 7.28% (national weekly average, 2026-10-01).
Scores are percentile ranks (0–100) across all covered U.S. metros, computed from the public data cited on this page — formulas here. They are data-derived opinions, not investment advice. See how Providence ranks on the trending markets index.
How much is a monthly mortgage payment in Providence?
A home at Providence's $569,450 median listing runs about $3,117 a month in principal and interest — 20% down on a 30-year fixed loan at the current 7.28% national average rate. Taxes, insurance and HOA are extra.
If rates fall 1% · 6.28%
$2,814/mo
−$303/mo vs today
At today's rate · 7.28%
$3,117/mo
National weekly average
If rates rise 1% · 8.28%
$3,432/mo
+$315/mo vs today
Principal & interest on the $569,450 median listing with 20% down and a 30-year fixed loan — excludes taxes, insurance and HOA. Current rate: 7.28% (national weekly average, 2026-10-01). Model a full deal in the deal analyzer.
How much income do you need to buy a home in Providence?
To buy Providence’s $569,450 median listing with 20% down, a household needs about $159,000 a year in gross income, keeping principal, interest and property tax ($3,705/mo) at 28% of income. That is 1.9× the area’s $85,646 median household income, so a typical Providence household cannot afford the median listing on these terms.
| Item | Amount | Basis |
|---|---|---|
| Median listing price | $569,450 | September 2026 |
| Down payment (20%) | $113,890 | Assumption |
| Principal & interest (7.28%, 30-yr fixed) | $3,117/mo | Rate as of 2026-10-01 |
| Property tax (1.24% effective rate) | $588/mo | Census ACS |
| Income needed (28% rule) | $159,000 | Gross household income / yr |
| Median household income | $85,646 | Census ACS 2023 ACS 5-year |
Excludes homeowners insurance, HOA dues and mortgage insurance, so the true income needed is higher. Compare every market in the income-needed ranking and the price-to-income ranking.
What is driving the Providence housing market?
Longer-run demand in Providence shows up in 2,989 homes permitted in 2025; net migration of -588 residents; +0.2% job growth. Natural-hazard risk rates Relatively Moderate. These federal supply-pipeline, migration and jobs signals shape where prices head next.
Building permits (2025)
2,989
▲ 22.4% vs 2024
1.8 per 1,000 residents
Net migration (2022–2023)
-588
▼ people, via tax-return records
net income flow −$42.8M/yr
Job growth (YoY)
+0.2%
▲ 746.1k nonfarm jobs · August 2026
Natural-hazard risk
Relatively Moderate
National hazard index · top hazard: Riverine flooding
Based on public government records — building-permit, tax-return migration, employment and natural-hazard statistics, aggregated to the metro. Details on /methodology.
What is the latest Providence real estate news?
Cities With the Fastest-growing Home Prices in Rhode IslandStacker · 2026-06-29→Providence tops Zillow’s ‘hottest’ summer rental housing marketsThe Boston Globe · 2026-05-19→RI Home Prices Jump Up Again, Providence Up 34% Year Over YearGo Local Prov · 2026-04-23→What a $400K Home Looks Like in Providence Right NowRealtor.com · 2026-03-18→
Providence's housing market is experiencing rapid price growth and high rental demand. — AI-generated summary of the headlines above; read the linked coverage before relying on it.
Headlines collected 2026-07-05; each links to the original publisher.
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Providence by ZIP code
Median price, pace and inventory for 10 Providence ZIPs — the spread behind the metro number.
Explore DirectoryTop agents in Providence
The highest-producing real estate agents in Providence, ranked by recent sales.
View DirectoryTop teams
The groups setting production records nationwide.
View LicensingGet licensed in Rhode Island
Hours, exam and the commission that regulates Rhode Island agents.
Read IncomeAgent salary in Rhode Island
What real estate agents actually earn across Rhode Island.
ReadProvidence housing market FAQ
What is the median home price in Providence?
As of September 2026, the median listing price in Providence, RI is $569,450, down 4.2% year over year (source: public records and industry data).
How much does it cost to buy a home in Providence?
The median home listed in Providence asks $569,450 as of September 2026. With 20% down on a 30-year fixed loan at the current 7.28% national average rate, that runs about $3,117 a month in principal and interest, before taxes, insurance and HOA.
How fast are homes selling in Providence?
The median property in Providence spends 39 days on the market, with 2,844 homes actively listed and 14% of them carrying a price cut — a seller's market as of September 2026.
Is it a buyer's or seller's market in Providence?
With a median 39 days on market and 14% of active listings carrying a price cut, pending contracts at 71% of active listings, Providence reads as a seller's market as of September 2026. Labels use WealthyBud's published DOM / sale-to-list / price-cut / pending rule. Conditions shift monthly.
Is Providence a good place to invest in real estate?
Providence scores 54/100 on WealthyBud's Investor Score, ranking #363 of 933 covered U.S. metros as of September 2026. The score blends price momentum, value, rental yield, supply and market heat. It is a data-derived research opinion, not investment advice.
Who are the top real estate agents in Providence?
See WealthyBud directories for the top-producing agents, teams and brokerages serving Providence and the wider Rhode Island market, ranked by recent sales from public profile data.
Based on public records and industry data, September 2026 — see our methodology for how every figure is computed. Figures change monthly — verify current conditions with a local agent or MLS. Portions of market data courtesy of Realtor.com and Redfin; additional statistics from U.S. government sources.
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