Is Prudence Island, RI 02872 a buyer’s or seller’s market?
Prudence Island is a buyer’s market. With about 22.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Prudence Island housing market right now
In the three months ending August 31, 2026, 0% of homes in Prudence Island, RI 02872 sold above their list price, the typical home went under contract in 97 days and there were 22.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 1 sale, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (28 days then) and the median sale price rose 38% to $1,099,524. Overall, Prudence Island is less competitive than a year ago, which gives buyers more room.
Within Newport County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.
Nearby, Tiverton 02878 (39% sold over asking) and Portsmouth 02871 (27% sold over asking) are even more competitive.
Run the numbers for 02872
Nearby markets
Jamestown 02835Balanced $616 /sq ftLittle Compton 02837Seller’s market $480 /sq ftMiddletown 02842Balanced $392 /sq ftNewport 02840Seller’s market $643 /sq ft Browse all markets →Where Prudence Island is
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Questions about Prudence Island real estate
Is Prudence Island a buyer’s or seller’s market?
A buyer’s market: there were 22.4 months of supply in Prudence Island, RI 02872 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 Prudence Island?
The typical home went under contract in 97 days in the latest three months.
Do homes in Prudence Island sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 91.7% of the list price.
What are property taxes in Prudence Island?
About 0.89% of a home’s value a year in Newport County, or roughly $3,560 on a $400,000 home.
What is the median home price in Prudence Island?
The median sale price was $1,099,524 in the three months ending August 31, 2026, about $306 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