Is Providence, RI 02909 a buyer’s or seller’s market?

The Providence housing market right now

In the three months ending August 31, 2026, 47% of homes in Providence, RI 02909 sold above their list price, the typical home went under contract in 18 days and there were 2.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 80 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 50%, homes sold faster (26 days then) and the median sale price rose 5% to $473,295. Overall, Providence is about as competitive as it was a year ago.

Within Providence County, homes here sell faster than in 89% of the county’s ZIP codes, and sell less often over asking than in 71%. On our competition score, Providence ranks #28 of 52 RI ZIP codes with enough sales (score 82 out of 100).

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.