🏠 Buying a house in Rhode Island | 🏘️ Selling a house in Rhode Island | 🚚 Moving to Rhode Island
🏡 Home values in Rhode Island have risen 19.08% over the past year, indicating a seller's market.
📈 Housing inventory (the total number of homes for sale) stands at 2,261. That's about 3.54 months of inventory, indicating a seller's market.
📊 The sale-to-list price ratio (the percentage of listing price sellers are actually getting) is 100.00%, indicating a seller's market.
How does Rhode Island compare to the national average?
| Data point | Value | Rank | Compared to national avg |
| Typical home value | $490,597[1] | #11 of 50 states | 30.5% higher |
| Median listing price | $584,142[2] | #11 of 50 states | 31.8% higher |
| Median sale price | $516,900[3] | #15 of 50 states | 18.2% higher |
| 30-year mortgage rate | 7.03%[4] | #34 of 50 states | 0.8% higher |
| Median days on market | 37[5] | #1 of 50 states | 37.1% shorter |
Looking to buy or sell in Rhode Island?
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Buying a house in the Rhode Island real estate market
Rhode Island has an affordability score of 6.1, meaning it takes 6.1 years of the median household income ($84,972) to afford Rhode Island's median home sale price ($516,900). Because of this, we rank Rhode Island as the 14th least affordable state for buyers based strictly on prices compared to income.
| Data Point | Value | Rank | Compared to national avg |
| Median sale price | $516,900[6] | #15 of 50 states | 18.2% higher |
| 30-year mortgage rate | 7.03%[7] | #34 of 50 states | 0.8% higher |
| Median household income | $84,972[8] | #14 of 50 states | 10.4% higher |
| Affordability ratio | 6.1 | #37 of 50 states | 9.1% higher |
| Buyers agent commission | 2.69%[9] | #10 of 50 states | 2.1% lower |
Who pays for realtor commission in Rhode Island?
Real estate agents' commissions are technically the responsibility of their respective clients - buyers pay their agents, and sellers pay theirs. Each party signs a contract with their agent promising to pay. However, sellers usually offer to pay for the buyer's agent so they can more easily afford the home.
Who pays closing costs in Rhode Island?
Sellers are usually responsible for most closing costs, but some closing expenses fall to the buyer. As a buyer, you'll be expected to pay for the mortgage loan origination fee and other lender-related fees, private mortgage insurance, the down payment, an appraisal fee, and a home inspection fee.
Learn more about who pays closing costs in Rhode Island.
Resources for Rhode Island home buyers
Preparing to buy in Rhode Island
Selling a house in the Rhode Island real estate market
According to our detailed survey of Rhode Island real estate agents, listing agents (those representing the seller) charge an average commission in Rhode Island of 2.93%, which is the 11th highest in the United States. Buyers' agents charge an average commission of 2.69%, which is the 10th lowest in the United States.
| Data point | Value | Rank | Compared to national avg |
| Median listing price | $584,142[10] | #11 of 50 states | 31.8% higher |
| Median sale price | $516,900[11] | #15 of 50 states | 18.2% higher |
| Median days on market | 37[12] | #1 of 50 states | 37.1% shorter |
| Buyer's agent commission | 2.69%[13] | #10 of 50 states | 2.1% lower |
| Listing agent commission | 2.93%[14] | #40 of 50 states | 3.1% higher |
Resources for Rhode Island home sellers
Preparing to sell in Rhode Island
- Selling a House in Rhode Island: 8 Simple Steps
- How Long Does It Take to Sell a House in Rhode Island?
- When Is the Best Time to Sell a House in Rhode Island?
- Top Real Estate Agents in Rhode Island
Rhode Island home selling costs and requirements
Moving to Rhode Island
According to our recent moving trends survey[15], 5% of Americans indicated that they would choose to move to Rhode Island if money were no object. Likewise, 6% of survey respondents indicated that they would move to Providence among a choice of America's largest cities.
Here's how Rhode Island cities rank in a number of our research studies.
| Study | Best Rhode Island city | Rank |
| Best Pizza Cities[16] | Providence | 32nd best |
| Best Coffee Cities[17] | Providence | 6th best |
| Best LGBTQ Cities[18] | Providence | 21st best |
| Best Bike Cities[19] | Providence | 10th best |
| Best Commuter Cities[20] | Providence | 26th best |
Where to shop for homes in Rhode Island
Frequently asked questions
As of October 17, 2025, the median days on market (DOM) in Rhode Island is 38. On average, it takes about 37 days to sell in Rhode Island.
Home values have risen in Rhode Island over the past year. The current median home value is $496,412 and it's projected to rise by 2.00% in the next year.
As of October 17, 2025, sellers in Rhode Island are typically getting 100.02% of the list price for their homes.
Methodology
Information on market conditions is based on Zillow data as of September 2025, Realtor.com data as of September 2025, and HouseCanary data as of October 17, 2025, unless specified otherwise.
We gathered our commission rate data from a September 2025 survey of 828 of agents nationwide. The survey asked about standard local rates for both listing and buying agents. To ensure an adequate amount of agent data, these data points are averages based on responses we've received from 126 agents in the Northeast region.