When Is the Best Time to Sell a House in Rhode Island?

Clever Real Estate

By 

Clever Real Estate

September 19th, 2022
Updated September 19th, 2022

SHARE

Should I sell now? | Best time to sell: Overall | Best time to sell: Price | Best time to sell: Speed | Best time by location | Top ways to sell your Rhode Island home

Listing your Rhode Island home at the right time can help you find a buyer quickly and earn the highest profit.

If you have some flexibility with your sale, it's worth doing some market research and timing your sale for the best outcome possible.

Key Takeaways

In terms of price, the best month to sell a house in Rhode Island is August. The median sale price for Rhode Island homes in August is $479,450, which is $39,033 more than the annual average.

The best month to sell a house fast in Rhode Island is June. Rhode Island homes sold in June are on the market for an average of 24 days, which is 19 days faster than the annual average.

Of course, this is just a small piece of the overall picture. When you should list will depend on your situation and location. Seeking the opinion of a local real estate expert will help you determine the best time for you to sell your Rhode Island home.

Clever Real Estate can connect you with top real estate agents in your area so you can discuss all your options. They will come up with a custom strategy to match your timeline and priorities. Plus, you'll save money on listing commissions if you sell with the agent.

👋 Talk with a local expert before you list

No matter the time of year, Clever can connect you with a local real estate agent to help you sell quickly and for more money. Talk with an expert about your options so you can make the right decision for your situation. Plus, with Clever:

✅ There's no obligation — you get expert advice for free

✅ You'll work with a full-service realtor from a top broker

✅ You pay only 1% or $3,000 if you decide to list with the agent


Should I sell my Rhode Island home now?

It’s a decent time to sell a house in Rhode Island right now. Listing prices have been trending upward in recent months, and there’s a good chance of finding a strong buyer in this market. However, take care not to let your listing drag on to winter — data shows that prices bottom out and houses tend to sit longer on the market during this season.

While this may be the overall state trend, local markets can vary wildly, so it’s best to speak with an expert. An experienced real estate agent can give you the best advice on when to sell and ensure that you have a smooth selling experience.

»Get connected with a local agent today.

The best time of year to sell a house in Rhode Island

Determining the "right" time to sell your house is somewhat subjective; it really depends on your specific goals and circumstances. That said, if you're like most sellers — i.e., your top priorities are selling high and fast — here's when you should list your Rhode Island house.

Best month for:


Price
August
$39,033 more than average
Speed
June
19 days faster than average
Realtor.com (August 2022)

Best time to sell by location

It's important to note that trends vary from region to region. The table below shows the most lucrative months to sell for five counties in Rhode Island.

Location
Best month to sell
Typical sales premium
Average days on market
Providence County
August
$39,938
20
Kent County
July
$31,338
21
Washington County
February
$129,975
27
Newport County
August
$148,334
37
Bristol County
June
$72,538
22
Realtor.com (August 2022)

Best time to sell in Rhode Island: Price


Median sale price
Sales premium*
August
$479,450
$39,033
*Compared to annual average

Historical data can help you understand when prices in Rhode Island are typically at their annual high and low. While each year will have slight variations, we looked at sale prices since 2016 to determine the trends and average prices for each month.

Month
Average sale price
Difference from average
January
$367,358
-$12,228
February
$371,250
-$8,336
March
$377,483
-$2,103
April
$389,283
$9,697
May
$392,117
$12,531
June
$402,050
$22,464
July
$393,850
$14,264
August
$392,273
$12,687
September
$373,483
-$6,103
October
$369,417
-$10,169
November
$366,546
-$13,040
December
$359,925
-$19,661
Annual Average
$379,586

Realtor.com (August 2022)

Best time to sell in Rhode Island: Speed


Days on market
Days faster
June
24
19
*Compared to annual average

Days on market — or DOM — is commonly defined as the number of days from when a property is listed on the MLS and when it's sold and taken off the market.

When a market has a low median DOM, that's usually an indicator of favorable conditions for sellers, i.e., a high demand among buyers. As with sale prices, we looked at data going back to 2016 to determine historically good months to sell quickly.

Month
Days on market
Difference from average
January
73
20 days slower
February
69
16 days slower
March
53
Equal to average
April
46
7 days faster
May
43
10 days faster
June
40
13 days faster
July
46
7 days faster
August
48
5 days faster
September
50
3 days faster
October
50
3 days faster
November
54
1 days slower
December
66
13 days slower
Annual Average
53

Realtor.com (August 2022)

Top ways to sell your house no matter the time of year

If you need to sell your Rhode Island home and it's not the best time of year to list, you still have options.

Sell quickly

You can still sell quickly by reaching out to a cash buyer or, if your house qualifies, to an iBuyer.

Cash buyers can close in a matter of days year round so you don't have to wait for a buyer during the slow season. You can also request offers from multiple buyers to ensure you're getting a good deal for your home.

Save money

One of the biggest costs when selling your house is real estate agent commissions. If you need to sell when sale prices are typically lower, saving on realtor fees is often your best option for maximizing your profit.

By listing with a flat fee MLS company instead of a traditional agent, you pay a more affordable upfront fee instead of a typical listing commission. However, you'll have to complete every step of the home selling process without professional help.

Another option is working with a discount brokerage. These are often full-service agents who work for reduced commissions.

No matter the time of year, the smart choice is always to talk with a real estate professional. Clever can connect you with an agent to go over your options and develop a customized sales strategy about how and when to sell your home. The service is 100% free and there's never any obligations.

👋 Next Steps: Talk to an expert!

If you're weighing your options for selling a house, Clever can help!

Our fully-licensed concierge team is standing by to answer questions and provide free, objective advice on getting the best outcome with your sale or purchase.

Ready to get started?

Give us a call at 1-833-2-CLEVER or enter your info below. Our concierge team will be in touch shortly to help.

Remember, this service is 100% free and there’s never any obligation.

If you're after the best sales price, the best month to sell in Rhode Island is August when houses sell for 8.86% more than average.

If your priority is speed, June is the best time to sell because homes tend to sell 19 days faster.

December is the month when homes sell for the least amount of money. When it comes to a quick sale, January is the worst time to list. Homes stay on the market for an average of 56 days.

Related Articles

Better real estate agents at a better rate

Enter your zip code to see if Clever has a partner agent in your area.

If you don't love your Clever partner agent, you can request to meet with another, or shake hands and go a different direction. We offer this because we're confident you're going to love working with a Clever Partner Agent.