The Downtown Providence housing market is very competitive. The median sale price of a home in Downtown Providence was $579K last month, up 29.7% since last year. The median sale price per square foot in Downtown Providence is $541, up 8.2% since last year.
What is the housing market like in Downtown Providence today?
In May 2024, Downtown Providence home prices were up 29.7% compared to last year, selling for a median price of $579K. On average, homes in Downtown Providence sell after 28 days on the market compared to 78 days last year. There were 12 homes sold in May this year, up from 12 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$579,000
+29.7% YoY | May 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
May 2024
Growth
% YoY
Downtown Providence, RI
$579,000
+29.7%
United States
To compare other locations to the Downtown Providence and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. 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 Downtown Providence housing market?
Downtown Providence is very competitive. Homes sell in 13.5 days.
0
100
77
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 9 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 14 days.
Hot homes
can sell for about 5% above list price and go pending in around 5 days.
Learn about schools in the Downtown Providence area
Elementary
Middle
High
GreatSchools Rating
No elementary schools in this region.
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 Downtown Providence housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Downtown Providence.
Risk Factor
Flood Factor - Moderate
53% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Downtown Providence has a moderate risk of flooding. 142 properties in Downtown Providence are likely to be
severely affected
by flooding over the next 30 years. This represents 53% of all properties in Downtown Providence. Flood risk is increasing faster than the national average.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
Downtown Providence has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Downtown Providence is most at risk from hurricanes. 590 properties in Downtown 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 96 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 102 mph.
100% of properties are at major
risk of heat over the next 30 years
Heat Factor
Downtown Providence has a major risk from heat. This is due to
"feels like" temperatures
increasing, and because 100% of homes in Downtown Providence have a Major Heat Factor®.
Downtown Providence is expected to see a 114% increase in the number of days over 97ºF over the next 30 years. Downtown Providence is expected to experience 7