Is Warwick, RI 02889 a buyer’s or seller’s market?

The Warwick housing market right now

In the three months ending August 31, 2026, 51% of homes in Warwick, RI 02889 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 123 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 61%, homes sold more slowly (20 days then) and the median sale price rose 5% to $434,812. Overall, Warwick is less competitive than a year ago, which gives buyers more room.

Within Kent County, homes here sell faster than in 71% of the county’s ZIP codes, and sell more often over asking than in 57%. On our competition score, Warwick ranks #10 of 52 RI ZIP codes with enough sales (score 88 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.