What is the typical home value in Providence - RI?

The typical home in Providence - RI, RI is worth $514,315 as of the most recent Zillow Home Value Index reading. Year over year the value has changed by +2.9%.

How long do homes stay on the market in Providence - RI?

The median days to pending (time on market before a sale) in Providence - RI is currently 15 days. Shorter days on market indicate a seller's market; longer days indicate more buyer leverage.

Are sellers cutting prices in Providence - RI?

16.0% of active listings in Providence - RI have had a price reduction. This is a signal of softening seller expectations relative to buyer demand.

Is Providence - RI a buyer's or seller's market?

Based on days-on-market, price-cut share, and year-over-year appreciation, Providence - RI is currently a balanced market. Buyers should watch days-on-market and price-cut trends monthly.

PicksByProperty

RI · Metro #39

Providence - RI housing market

Current home values, days on market, and price-cut activity for the Providence - RI metro. Data refreshed from Zillow Research monthly.

Typical home value

$514,315

+2.9% vs. year ago

Median list price

$518,000

Days on market

15.0d

Listings w/ price cut

16.0%

Context

How to read this data

The typical home value ($514,315) is the Zillow Home Value Index for the Providence - RI metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are up 2.9% over the past year. In Providence - RI, that means a home worth $499,820 last year is now worth roughly $514,315.

Homes listed in Providence - RI sit on the market for roughly 15.0 days before going pending. Shorter = seller's market; longer = buyer's market.

About 16.0% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

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