Is Warwick, RI 02888 a buyer’s or seller’s market?
Warwick is a seller’s market. With about 1.5 months of supply and 61% 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 95% of U.S. ZIP codes, and #5 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 Warwick housing market right now
In the three months ending August 31, 2026, 61% of homes in Warwick, RI 02888 sold above their list price, the typical home went under contract in 22 days and there were 1.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 76 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (61% then), homes sold faster (25 days then) and the median sale price rose 8% to $457,302. Overall, Warwick is about as competitive as it was a year ago.
Within Kent County, homes here sell faster than in 71% of the county’s ZIP codes, and sell more often over asking than in 86%. On our competition score, Warwick ranks #5 of 52 RI ZIP codes with enough sales (score 91 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).
Run the numbers for 02888
Nearby markets
Coventry 02816Seller’s market $263 /sq ftEast Greenwich 02818Seller’s market $342 /sq ftGreene 02827Buyer’s market $310 /sq ftWarwick 02886Seller’s market $285 /sq ft Browse all markets →Towns like Warwick nearby
Find towns like Warwick in other states →Where Warwick is
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Questions about Warwick real estate
Is Warwick a buyer’s or seller’s market?
A seller’s market: there were 1.5 months of supply in Warwick, RI 02888 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 Warwick?
The typical home went under contract in 22 days in the latest three months.
Do homes in Warwick sell over asking?
61% 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 Warwick?
About 1.35% of a home’s value a year in Kent County, or roughly $5,400 on a $400,000 home.
What is the median home price in Warwick?
The median sale price was $457,302 in the three months ending August 31, 2026, about $317 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