Providence - RI housing market
The Providence metro has a typical home value of $524,867, up 3.1% from a year ago. Homes are moving fast at 10 days on market - a strong seller's market. Data from Zillow Research, updated monthly.
How to read this data
The typical home value ($524,867) is the Zillow Home Value Index for the Providence - RI metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.
Prices are up 3.1% over the past year. In Providence - RI, that means a home worth $509,085 last year is now worth roughly $524,867.
The median sale price , what homes actually close for , is $482,597. Homes are selling at 100.0% of list price, meaning buyers are typically paying at or above asking.
Homes listed in Providence - RI sit on the market for roughly 10 days before going pending. Shorter = seller's market; longer = buyer's market.
About 16.4% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 1,455 new listings hit the market each month in Providence - RI. There are currently 2,912 homes for sale, up 1.7% from a year ago.
The typical monthly rent in Providence - RI is $2,163, up 3.7% year over year. For investors, the price-to-rent ratio here is roughly 20x annual rent.
What's not on this page
This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.
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