Market Intelligence Report — RI-MA-300

Providence-Warwick, RI-MA

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-RI-MA-08
As of the latest 2026 data
Very Competitive

Median Listing

$589K
-1.7% YoY

Pending Ratio

0.84
+11.7% YoY

Active Inventory

2,624
+16.1% YoY

Median DOM

39 Days
+2.6% YoY

Primary Intelligence Tool — Sold Score™

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The Providence-Warwick market demonstrates highly competitive conditions, characterized by a pending ratio of 0.84, indicating that demand significantly outpaces the available inventory. This market dynamic is reinforced by a 11.7% year-over-year increase in the pending ratio, reflecting intensifying absorption activity.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Job Market

4.2%-0.5 pp YoY

Unemployment rate · Jul 2026

Shows whether local employment conditions are supporting buyer demand.

U.S. Bureau of Labor Statistics via FRED (St. Louis Fed).

Population & Migration

1.71M+0.4% YoY

Resident population · Jan 2025

Shows whether the area is gaining or losing potential housing demand.

U.S. Census Bureau via FRED (St. Louis Fed).

Future Housing Supply

Data not yet available.

Shows whether future inventory pressure may increase.

Market Analysis

What's moving the Providence-Warwick market right now.

Active listings have seen a substantial increase of 16.1% over the past year, reaching 2,624 units, while new listings grew by 4.9%. Despite an increase in inventory, the robust demand is evident in the high pending ratio. Median listing prices have experienced a modest decline of 1.7% year-over-year, alongside a 1.8% month-over-month decrease, though median $/sqft has appreciated by 9.3% over the past year.

Historical Analysis

Market Trends

Median Price

$589K-1.8% MoM

Active Inventory

2,624+16.1% YoY

Days on Market

39+2.6% YoY

Sold Score™

79+11.7% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

79
Sep 23Aug 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Sep 23Aug 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Sep 23Apr 24Nov 24Jun 25Jan 26Aug 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

The current market pace is swift, driven by the strong absorption of available properties. The elevated pending ratio suggests significant inventory pressure, with properties moving quickly through the market pipeline. This environment necessitates price discipline from market participants, as competition for available units remains acute.

Luxury Segment

The average listing price declined by 2.0% year-over-year, while the median listing price also saw a slight contraction. The significant spread between the average listing price ($954,919) and the median listing price ($589,000) may indicate some softness within the higher-priced segments of the market, although median $/sqft appreciation suggests broad-based value retention.

Supply Dynamics

2,624 active listings represent the current floor, with new supply arriving at roughly 1,544 per month.

Pricing Pressure
12.1%

of active listings carry a price reduction, +0.3% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +9.3% year-over-year.

Absorption
0.84

Pending-to-active ratio — Very Competitive.

Recommended For This Market

Very Competitive

Selling in Providence-Warwick, RI-MA? Inventory is up 16% from last year.

Demand in Providence-Warwick, RI-MA is outpacing supply. Well-prepared listings are still clearing quickly — pricing to the current pace matters more than waiting.

Buyer Demand Index
84%
Median Days on Market
39 days
Inventory YoY
+16%

Demand is strong in Providence-Warwick, RI-MA. Check your Sold Score before you price — conditions this favorable don't hold forever.

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Metro Demographics

Metro Area
Providence-Warwick, RI-MA
CBSA Code
39300
State
RI-MA
Analysis FAQ
  • What is the current market condition in Providence-Warwick?+

    As of the latest 2026 data, the Providence-Warwick metro is classified as Very Competitive. Pending ratio is 0.84 with median days on market at 39.

  • Are home prices dropping in Providence-Warwick?+

    Median listing price is $589K, -1.7% year over year. 12.1% of active listings carry a price reduction.

  • How fast are homes selling in Providence-Warwick?+

    The typical listing sits 39 days on market, a +2.6% change YoY. New listings are arriving at 1,544 per month.

  • What's happening in the Providence-Warwick luxury market?+

    The average listing price declined by 2.0% year-over-year, while the median listing price also saw a slight contraction. The significant spread between the average listing price ($954,919) and the median listing price ($589,000) may indicate some softness within the higher-priced segments of the market, although median $/sqft appreciation suggests broad-based value retention.

  • Where can I find a trusted Providence-Warwick real estate expert?+

    Primpted maintains a vetted registry of Providence-Warwick agents with verified credentials, Google reviews, and neighborhood specialization. See the Featured Experts section above.

Data & Methodology

Primary data sourced via Realtor.com's RDC Inventory Core Metrics (CBSA-level), supplemented by editorial analysis and the Primpted local expert registry. Historical trends calculated on a rolling 12-month basis. Past direction is not a forecast.

As of the latest 2026 data · CBSA 39300 · 36mo history