Providence, RI Housing Market
The Providence housing market is very competitive. Homes in Providence receive 4 offers on average and sell in around 23 days. The median sale price of a home in Providence was $470K last month, up 18.8% since last year. The median sale price per square foot in Providence is $237, up 21.8% since last year.
Providence Housing Market Trends
In March 2024, Providence home prices were up 18.8% compared to last year, selling for a median price of $470K. On average, homes in Providence sell after 23 days on the market compared to 33 days last year. There were 92 homes sold in March this year, down from 132 last year.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Providence housing market?
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 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 2% above list price and go pending in around 20 days.
- Hot homescan sell for about 5% above list price and go pending in around 7 days.
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 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 3% above list price and go pending in around 22 days.
- Hot homescan sell for about 7% above list price and go pending in around 7 days.
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 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 2% above list price and go pending in around 26 days.
- Hot homescan sell for about 5% above list price and go pending in around 7 days.
Providence Migration & Relocation Trends
- Across the nation, 2% of homebuyers searched to move into Providence from outside metros.
- New York homebuyers searched to move into Providence more than any other metro followed by Hartford and San Francisco.
- 82% of Providence homebuyers searched to stay within the Providence metropolitan area.
- Portland was the most popular destination among Providence homebuyers followed by Miami and Lebanon.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Feb '24 - Apr '24 | ||
1 | 3,037 | ||
2 | 1,440 | ||
3 | 381 | ||
4 | 298 | ||
5 | 198 | ||
6 | 140 | ||
7 | 128 | ||
8 | 17 | ||
9 | 12 | ||
10 | 8 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Feb '24 - Apr '24 | ||
1 | 3,083 | ||
2 | 1,620 | ||
3 | 1,584 | ||
4 | 983 | ||
5 | 954 | ||
6 | 888 | ||
7 | 785 | ||
8 | 663 | ||
9 | 360 | ||
10 | 346 |
Home offer insights for Providence
Recent offers
- Winning Offer|9 Weeks Ago~$600K Offer11 bd | 4.5 ba | ~3,500 sqftOver List Price0%Days on Market5Competing Offers0OfferAll Cash
- Offer Not Accepted|7 Weeks Ago~$400K OfferSold for $475K3 bd | 1 ba | ~1,250 sqftOver List Price3%Days on Market4Competing Offers14OfferAll Cash
- Offer Not Accepted|6 Weeks Ago~$475K OfferSold for $500K4 bd | 2 ba | ~1,750 sqftOver List Price4%Days on Market22Competing Offers10Down Payment~30%
- Winning Offer|10 Weeks Ago~$225K Offer2 bd | 1.5 ba | ~750 sqftOver List Price4%Days on Market32Competing Offers0Down Payment<10%
View houses in Providence that sold recently
Recently sold homes
- $279,900 Last Sold Price2 beds1 bath1,000 sq ft300 Smithfield Rd #216, North Providence, RI 02904List Price$279,900Sale to List0% over listDays on Market40 days300 Smithfield Rd #216, North Providence, RI 02904
- $1,349,000 Last Sold Price4 beds3.5 baths3,088 sq ft38 John St, Providence, RI 02906List Price$1,349,000Sale to List0% over listDays on Market49 days38 John St, Providence, RI 02906
- $215,000 Last Sold Price1 bed1 bath798 sq ft300 Smithfield Rd Unit 4-7, North Providence, RI 02904List Price$219,900Sale to List2% under listDays on Market51 days300 Smithfield Rd Unit 4-7, North Providence, RI 02904
- $452,000 Last Sold Price3 beds2.5 baths2,304 sq ft32 Walsh St, Providence, RI 02908List Price$449,900Sale to List0% over listDays on Market77 days32 Walsh St, Providence, RI 02908
- $265,000 Last Sold Price1 bed1 bath528 sq ft11 North Ave #2, Providence, RI 02906List Price$255,000Sale to List4% over listDays on Market15 days11 North Ave #2, Providence, RI 02906
- $440,000 Last Sold Price3 beds2 baths1,786 sq ft34 Danby St, Providence, RI 02904List Price$429,900Sale to List2% over listDays on Market60 days34 Danby St, Providence, RI 02904
- $240,000 Last Sold Price1 bed1 bath332 sq ft65 Weybosset St #221, Providence, RI 02903List Price$220,000Sale to List9% over listDays on Market37 days65 Weybosset St #221, Providence, RI 02903
- $395,000 Last Sold Price3 beds1 bath1,257 sq ft145 Urban Ave, North Providence, RI 02904List Price$389,900Sale to List1% over listDays on Market50 days145 Urban Ave, North Providence, RI 02904
See all recently sold homes in Providence.
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Schools in Providence
- Elementary
- Middle
- High
GreatSchools Rating
7/10 Stadium School Public • PreK-5 | 258 Students | 4 reviews |
7/10 Edward S. Rhodes School Public • K-5 | 281 Students | 9 reviews |
6/10 Robert F. Kennedy El. School Public • K-5 | 433 Students | 6 reviews |
5/10 Vartan Gregorian El. School Public • K-5 | 282 Students | 11 reviews |
5/10 Robert L Bailey Iv, Elementary School Public • K-5 | 390 Students | 1 reviews |
Climate's impact on Providence housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Providence.
Flood Factor - Moderate
Flood Factor
Fire Factor - Minor
Fire Factor
Wind Factor - Major
Wind Factor
Wind likelihood over time
Heat Factor - Major
Heat Factor
Transportation in Providence
Walk Score®
Transit Score®
Bike Score®
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