Rhode Island ranks at 89 out of 100 against 51 states, based on how often homes sold above list, how close to list they sold, how fast they sold, supply and price drops.
The numbers
| March–May 2026 | A year earlier | Change | |
|---|---|---|---|
| Homes sold above list price | 47% | 50% | −2.8 pts |
| Average sale-to-list ratio | 100.3% | 100.8% | −0.5 pts |
| Median days on market | 34 | 28 | +6 |
| Months of supply | 2.4 | 2.2 | +6.6% |
| Listings with a price drop | 17% | 17% | −0.5 pts |
| Median sale price | $537,369 | $506,845 | +6.0% |
| Median price per sq ft | $306 | $301 | +1.7% |
| Homes sold | 2308 | 2600 | −11.2% |
The trend
Cities and towns in Rhode Island
| City | Heat score | ZIP codes |
|---|---|---|
| Cumberland | 83 · Very hot | 1 |
| West Warwick | 83 · Very hot | 1 |
| Warwick | 80 · Very hot | 4 |
| East Providence | 80 · Very hot | 3 |
| Barrington | 79 · Hot | 1 |
| Hopkinton | 78 · Hot | 4 |
| Pawtucket | 78 · Hot | 2 |
| Cranston | 77 · Hot | 4 |
| Greenville | 77 · Hot | 1 |
| North Providence | 76 · Hot | 1 |
| Smithfield | 75 · Hot | 1 |
| West Greenwich | 75 · Hot | 1 |
| Richmond | 74 · Hot | 5 |
| Westerly | 74 · Hot | 1 |
| Coventry | 73 · Hot | 1 |
| North Smithfield | 69 · Hot | 3 |
| Johnston | 69 · Hot | 1 |
| Burrillville | 68 · Hot | 5 |
| Bristol | 68 · Hot | 1 |
| Providence | 66 · Hot | 9 |
| North Kingstown | 66 · Hot | 2 |
| Charlestown | 66 · Hot | 1 |
| Lincoln | 65 · Hot | 3 |
| Woonsocket | 65 · Hot | 1 |
| Tiverton | 64 · Hot | 1 |
| Warren | 62 · Hot | 1 |
| South Kingstown | 59 · Warm | 1 |
| Central Falls | 54 · Warm | 1 |
| Scituate | 50 · Warm | 3 |
| Glocester | 47 · Warm | 1 |
| Portsmouth | 39 · Balanced | 2 |
| Newport | 33 · Balanced | 2 |
| Jamestown | 24 · Balanced | 1 |
| Newport East | 24 · Balanced | 1 |
All 44 places, A to Z
Ashaway
Barrington
Bristol
Burrillville
Carolina
Central Falls
Charlestown
Coventry
Cranston
Cumberland
East Providence
Exeter
Foster
Glocester
Greene
Greenville
Harmony
Hopkinton
Jamestown
Johnston
Kingston
Lincoln
Little Compton
Narragansett Pier
New Shoreham
Newport
Newport East
North Kingstown
North Providence
North Smithfield
Pawtucket
Portsmouth
Providence
Richmond
Scituate
Smithfield
South Kingstown
Tiverton
Warren
Warwick
West Greenwich
West Warwick
Westerly
Woonsocket
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Methodology
The heat score ranks an area against every other area of the same kind (ZIP codes against ZIP codes, cities against cities, states against states) on five measures from Redfin’s Data Center: the share of homes sold above list price (35%), the average sale-to-list ratio (20%), median days on market (20%, fewer is hotter), months of supply (15%, fewer is hotter) and the share of listings with a price drop (10%, fewer is hotter). Each measure is a percentile rank, and the score is their weighted average, from 0 to 100.
Figures cover a trailing three-month window, weighted by sales, and are compared with the same three months a year earlier: a single month in a small ZIP code can be a handful of sales. An area needs at least 30 sales in the last 12 months, 10 in the window, and the three core measures to be scored. Redfin doesn’t publish months of supply or price drops for ZIP codes, so ZIP scores use the measures available. City figures come from Redfin’s own city series where it publishes one, and otherwise from a sales-weighted roll-up of the city’s ZIP codes. ZIP codes are assigned to cities using the Census Bureau’s 2020 ZIP-to-place, town and county relationships, and named with the Postal Service’s city names from HUD’s crosswalk.
BindingOffers, “How hot is the Rhode Island housing market? (May 2026)”, using data provided by Redfin, a national real estate brokerage. https://bindingoffers.com/market-pulse/ri