Is Coventry, RI 02816 a buyer’s or seller’s market?

The Coventry housing market right now

In the three months ending August 31, 2026, 49% of homes in Coventry, RI 02816 sold above their list price, the typical home went under contract in 28 days and there were 1.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 152 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (49% then), homes sold about as fast and the median sale price rose 5% to $474,795. Overall, Coventry is about as competitive as it was a year ago.

Within Kent County, homes here sell more slowly than in 86% of the county’s ZIP codes, and sell less often over asking than in 71%. On our competition score, Coventry ranks #23 of 52 RI ZIP codes with enough sales (score 83 out of 100).

Nearby, buyers who want less competition could look at Greene 02827 (25% sold over asking) or East Greenwich 02818 (45% sold over asking), while West Warwick 02893 (62% sold over asking) and Warwick 02888 (61% sold over asking) are even more competitive.