Local home value data · Providence, RI
What's my home worth in Providence, RI?
Providence is one of the more competitive housing markets we track, with limited inventory, strong buyer demand and a median sale price up nearly 8% in a year.
Is Providence a buyer's or seller's market?
Leaning seller's. Redfin rates Providence 80/100 (very competitive), based on how quickly homes sell, how often they get multiple offers, and how close they sell to list price.
What this means if you're selling in Providence
A median sale price of $581,000, up 7.7% year-over-year, points to a market with real momentum. Homes sell in a median of 25 days, slightly slower than 23 a year ago, and average about three offers. With a Compete Score of 80 out of 100 and homes selling at about 101% of list price, well-priced homes move quickly, though buyers should be careful not to assume every listing will sell above asking.
How Providence compares
Providence's median sale price sits 43% above the U.S. median.
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Is Providence a buyer's or seller's market right now?
It leans clearly toward sellers. Redfin rates Providence 80 out of 100 for competitiveness, homes average about three offers, and the median sale price is up 7.7% from a year ago. Homes sell at around 101.3% of list price.
How fast do homes sell in Providence?
The median Providence home sold in 25 days over the three months ending August 2026, compared with 23 days a year ago. That is a fast pace, and it has stayed fast despite rising prices.
How accurate is the Providence median for my neighborhood?
The $581,000 citywide median averages together very different neighborhoods and housing types, from condos to multi-family homes, so your property could be worth noticeably more or less. For an estimate based on your own home and nearby recent sales, request a free home value report, which is reviewed by a local agent.
Home values in nearby markets
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Market data (median sale price, year-over-year change, days on market, and buyer competition) sourced from Redfin, trailing 3-month data as of August 2026. Figures are approximate, change frequently, and are not a substitute for a formal appraisal or a local agent's comparative market analysis. Read more about how home value estimates work.