Is Chepachet, RI 02814 a buyer’s or seller’s market?
Chepachet is a seller’s market. With about 1.4 months of supply and 49% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 88% of U.S. ZIP codes, and #24 of 52 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Chepachet housing market right now
In the three months ending August 31, 2026, 49% of homes in Chepachet, RI 02814 sold above their list price, the typical home went under contract in 26 days and there were 1.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 36 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 21%, homes sold faster (44 days then) and the median sale price rose 8% to $544,764. Overall, Chepachet is more competitive than a year ago, so tougher for buyers.
Within Providence County, homes here sell more slowly than in 69% of the county’s ZIP codes, and sell less often over asking than in 66%. On our competition score, Chepachet ranks #24 of 52 RI ZIP codes with enough sales (score 83 out of 100).
Nearby, buyers who want less competition could look at Foster 02825 (23% sold over asking) or Mapleville 02839 (25% sold over asking), while Clayville 02815 (100% sold over asking) and Glendale 02826 (100% sold over asking) are even more competitive.
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Nearby markets
Albion 02802 — /sq ftCentral Falls 02863Seller’s market $193 /sq ftClayville 02815Seller’s market $489 /sq ftCranston 02910Seller’s market $271 /sq ft Browse all markets →Towns like Chepachet nearby
Find towns like Chepachet in other states →Where Chepachet is
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Questions about Chepachet real estate
Is Chepachet a buyer’s or seller’s market?
A seller’s market: there were 1.4 months of supply in Chepachet, RI 02814 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Chepachet?
The typical home went under contract in 26 days in the latest three months.
Do homes in Chepachet sell over asking?
49% of homes sold above their original list price, and the typical sale closed at 100.0% of the list price.
What are property taxes in Chepachet?
About 1.25% of a home’s value a year in Providence County, or roughly $5,000 on a $400,000 home.
What is the median home price in Chepachet?
The median sale price was $544,764 in the three months ending August 31, 2026, about $298 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology