Is Hope, RI 02831 a buyer’s or seller’s market?
Hope is a seller’s market. With about 1.7 months of supply and 62% 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 79% of U.S. ZIP codes, and #36 of 51 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 July 31, 2026. See the breakdown
The Hope housing market right now
In the three months ending August 31, 2026, 62% of homes in Hope, RI 02831 sold above their list price, the typical home went under contract in 31 days and there were 1.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 13 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 64%, homes sold faster (37 days then) and the median sale price rose 9% to $624,730. Overall, Hope is about as competitive as it was a year ago.
Within Providence County, homes here sell more slowly than in 89% of the county’s ZIP codes, and sell more often over asking than in 74%.
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.
Run the numbers for 02831
Nearby markets
Albion 02802 — /sq ftCentral Falls 02863Seller’s market $193 /sq ftChepachet 02814Seller’s market $298 /sq ftClayville 02815Seller’s market $489 /sq ft Browse all markets →Towns like Hope nearby
Find towns like Hope in other states →Where Hope is
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Questions about Hope real estate
Is Hope a buyer’s or seller’s market?
A seller’s market: there were 1.7 months of supply in Hope, RI 02831 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 Hope?
The typical home went under contract in 31 days in the latest three months.
Do homes in Hope sell over asking?
62% of homes sold above their original list price, and the typical sale closed at 102.3% of the list price.
What are property taxes in Hope?
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 Hope?
The median sale price was $624,730 in the three months ending August 31, 2026, about $299 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