Is Rumford, RI 02916 a buyer’s or seller’s market?
Rumford is a seller’s market. With about 1.8 months of supply and 63% 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 91% of U.S. ZIP codes, and #17 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 Rumford housing market right now
In the three months ending August 31, 2026, 63% of homes in Rumford, RI 02916 sold above their list price, the typical home went under contract in 29 days and there were 1.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 41 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 48%, homes sold more slowly (21 days then) and the median sale price rose 30% to $610,694. Overall, Rumford is more competitive than a year ago, so tougher for buyers.
Within Providence County, homes here sell more slowly than in 80% of the county’s ZIP codes, and sell more often over asking than in 77%. On our competition score, Rumford ranks #17 of 52 RI ZIP codes with enough sales (score 86 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.
Run the numbers for 02916
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 Rumford nearby
Find towns like Rumford in other states →Where Rumford is
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Questions about Rumford real estate
Is Rumford a buyer’s or seller’s market?
A seller’s market: there were 1.8 months of supply in Rumford, RI 02916 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 Rumford?
The typical home went under contract in 29 days in the latest three months.
Do homes in Rumford sell over asking?
63% of homes sold above their original list price, and the typical sale closed at 101.1% of the list price.
What are property taxes in Rumford?
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 Rumford?
The median sale price was $610,694 in the three months ending August 31, 2026, about $273 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