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 $241, up 23.6% 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 1% above list price and go pending in around 22 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|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
- $92,500 Last Sold Price—beds—baths—sq ft28 Baltimore St, Providence, RI 02909List Price$145,000Sale to List36% under listDays on Market106 days28 Baltimore St, Providence, RI 02909
- $325,000 Last Sold Price3 beds1 bath1,108 sq ft60 Lubec St, Providence, RI 02904List Price$325,000Sale to List0% over listDays on Market42 days60 Lubec St, Providence, RI 02904
- $935,000 Last Sold Price5 beds3.5 baths2,493 sq ft8 Grotto Ave #1, Providence, RI 02906List Price$819,000Sale to List14% over listDays on Market38 days8 Grotto Ave #1, Providence, RI 02906
- $574,000 Last Sold Price2 beds1.5 baths2,250 sq ft22 Miles Avenue Ave #5, Providence, RI 02906List Price$559,000Sale to List3% over listDays on Market42 days22 Miles Avenue Ave #5, Providence, RI 02906
- $476,000 Last Sold Price4 beds2 baths2,170 sq ft34 36 Applegate Ln, Providence, RI 02905List Price$459,900Sale to List4% over listDays on Market154 days34 36 Applegate Ln, Providence, RI 02905
- $280,000 Last Sold Price5 beds2 baths1,505 sq ft38 Glenham St, Providence, RI 02907List Price$300,000Sale to List7% under listDays on Market52 days38 Glenham St, Providence, RI 02907
- $377,000 Last Sold Price3 beds1 bath1,555 sq ft35 Smart St, Providence, RI 02904List Price$365,000Sale to List3% over listDays on Market67 days35 Smart St, Providence, RI 02904
- $233,000 Last Sold Price3 beds1 bath1,669 sq ft161 Delaine St, Providence, RI 02909List Price$199,900Sale to List17% over listDays on Market143 days161 Delaine St, Providence, RI 02909
See all recently sold homes in Providence.
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Schools in Providence
- Elementary
- Middle
- High
GreatSchools Rating
9/10 Stadium School Public • PreK-5 | 264 Students | 4 reviews |
7/10 Edward S. Rhodes School Public • K-5 | 174 Students | 9 reviews |
7/10 Reservoir Avenue School Public • K-5 | 285 Students | 4 reviews |
6/10 Pleasant View School Public • PreK-5 | 429 Students | 21 reviews |
6/10 Edgewood Highland School Public • PreK-5 | 252 Students | 14 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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