🏠 Buying a house in Rhode Island | 🏘️ Selling a house in Rhode Island | 🚚 Moving to Rhode Island
🏡 Home values in Rhode Island have risen 19.49% over the past year, indicating a seller's market.
📈 Housing inventory (the total number of homes for sale) stands at 2,107. That's about 3.46 months of inventory, indicating a seller's market.
📊 The sale-to-list price ratio (the percentage of listing price sellers are actually getting) is 99.90%, indicating a seller's market.
How does Rhode Island compare to the national average?
| Data point | Value | Rank | Compared to national avg |
| Typical home value | $487,363"Zillow Home Value Index"</a> Updated October 31, 2025.<br><br><a class="view-all-sources-link" href=https://listwithclever.com/rhode-island/"#article-sources">View All Sources</a>">[1] | #11 of 50 states | 30.6% higher |
| Median listing price | $572,400"Realtor.com Data Library"</a> Updated October 2025.<br><br><a class="view-all-sources-link" href=https://listwithclever.com/rhode-island/"#article-sources">View All Sources</a>">[2] | #11 of 50 states | 30.3% higher |
| Median sale price | $514,600"Redfin Data Center"</a> Updated October 2025.<br><br><a class="view-all-sources-link" href=https://listwithclever.com/rhode-island/"#article-sources">View All Sources</a>">[3] | #15 of 50 states | 18.9% higher |
| 30-year mortgage rate | 7.03%"Bankrate" Updated December 2025.<br><br><a class="view-all-sources-link" href=https://listwithclever.com/rhode-island/"#article-sources">View All Sources</a>">[4] | #34 of 50 states | 0.8% higher |
| Median days on market | 37"Realtor.com Data Library"</a> Updated October 2025.<br><br><a class="view-all-sources-link" href=https://listwithclever.com/rhode-island/"#article-sources">View All Sources</a>">[5] | #1 of 50 states | 38.6% shorter |
Looking to buy or sell in Rhode Island?
Enter your zip code to match with top agents in your area!
Buying a house in the Rhode Island real estate market
Rhode Island has an affordability score of 6.1, meaning it takes 6.1 years of the median household income ($84,972) to afford Rhode Island's median home sale price ($514,600). Because of this, we rank Rhode Island as the 15th least affordable state for buyers based strictly on prices compared to income.
| Data Point | Value | Rank | Compared to national avg |
| Median sale price | $514,600"Redfin Data Center"</a> Updated October 2025.<br><br><a class="view-all-sources-link" href=https://listwithclever.com/rhode-island/"#article-sources">View All Sources</a>">[6] | #15 of 50 states | 18.9% higher |
| 30-year mortgage rate | 7.03%"Bankrate" Updated December 2025.<br><br><a class="view-all-sources-link" href=https://listwithclever.com/rhode-island/"#article-sources">View All Sources</a>">[7] | #34 of 50 states | 0.8% higher |
| Median household income | $84,972"US Census, 2020 American Community Survey"</a> Updated 2020.<br><br><a class="view-all-sources-link" href=https://listwithclever.com/rhode-island/"#article-sources">View All Sources</a>">[8] | #14 of 50 states | 10.4% higher |
| Affordability ratio | 6.1 | #36 of 50 states | 9.7% higher |
| Buyers agent commission | 2.69%"Clever Real Estate survey of American real estate agents"</a> Updated December 2025.<br><br><a class="view-all-sources-link" href=https://listwithclever.com/rhode-island/"#article-sources">View All Sources</a>">[9] | #10 of 50 states | 2.1% lower |
Who pays for realtor commission in Rhode Island?
Real estate agents' commissions are technically the responsibility of their respective clients - buyers pay their agents, and sellers pay theirs. Each party signs a contract with their agent promising to pay. However, sellers usually offer to pay for the buyer's agent so they can more easily afford the home.
Who pays closing costs in Rhode Island?
Sellers are usually responsible for most closing costs, but some closing expenses fall to the buyer. As a buyer, you'll be expected to pay for the mortgage loan origination fee and other lender-related fees, private mortgage insurance, the down payment, an appraisal fee, and a home inspection fee.
Learn more about who pays closing costs in Rhode Island.
Resources for Rhode Island home buyers
Preparing to buy in Rhode Island
Selling a house in the Rhode Island real estate market
According to our detailed survey of Rhode Island real estate agents, listing agents (those representing the seller) charge an average commission in Rhode Island of 2.93%, which is the 11th highest in the United States. Buyers' agents charge an average commission of 2.69%, which is the 10th lowest in the United States.
| Data point | Value | Rank | Compared to national avg |
| Median listing price | $572,400"Realtor.com Data Library"</a> Updated October 2025.<br><br><a class="view-all-sources-link" href=https://listwithclever.com/rhode-island/"#article-sources">View All Sources</a>">[10] | #11 of 50 states | 30.3% higher |
| Median sale price | $514,600"Redfin Data Center"</a> Updated October 2025.<br><br><a class="view-all-sources-link" href=https://listwithclever.com/rhode-island/"#article-sources">View All Sources</a>">[11] | #15 of 50 states | 18.9% higher |
| Median days on market | 37"Realtor.com Data Library"</a> Updated October 2025.<br><br><a class="view-all-sources-link" href=https://listwithclever.com/rhode-island/"#article-sources">View All Sources</a>">[12] | #1 of 50 states | 38.6% shorter |
| Buyer's agent commission | 2.69%"Clever Real Estate survey of American real estate agents"</a> Updated December 2025.<br><br><a class="view-all-sources-link" href=https://listwithclever.com/rhode-island/"#article-sources">View All Sources</a>">[13] | #10 of 50 states | 2.1% lower |
| Listing agent commission | 2.93%"Clever Real Estate survey of American real estate agents"</a> Updated December 2025.<br><br><a class="view-all-sources-link" href=https://listwithclever.com/rhode-island/"#article-sources">View All Sources</a>">[14] | #40 of 50 states | 3.1% higher |
Resources for Rhode Island home sellers
Preparing to sell in Rhode Island
- Selling a House in Rhode Island: 8 Simple Steps
- How Long Does It Take to Sell a House in Rhode Island?
- When Is the Best Time to Sell a House in Rhode Island?
- Top Real Estate Agents in Rhode Island
Rhode Island home selling costs and requirements
Moving to Rhode Island
According to our recent moving trends survey"Half of Americans Are Surprised by How Much It Costs to Move"</a> Updated February 26, 2024.<br><br><a class="view-all-sources-link" href=https://listwithclever.com/rhode-island/"#article-sources">View All Sources</a>">[15], 5% of Americans indicated that they would choose to move to Rhode Island if money were no object. Likewise, 6% of survey respondents indicated that they would move to Providence among a choice of America's largest cities.
Here's how Rhode Island cities rank in a number of our research studies.
| Study | Best Rhode Island city | Rank |
| Best Pizza Cities"The 15+ Best Pizza Cities in America"</a> Updated February 12, 2024.<br><br><a class="view-all-sources-link" href=https://listwithclever.com/rhode-island/"#article-sources">View All Sources</a>">[16] | Providence | 32nd best |
| Best Coffee Cities"The Best (and Worst) Coffee Cities in America"</a> Updated January 12, 2024.<br><br><a class="view-all-sources-link" href=https://listwithclever.com/rhode-island/"#article-sources">View All Sources</a>">[17] | Providence | 6th best |
| Best LGBTQ Cities"The Most (and Least) LGBTQ-Friendly Cities in America"</a><br><br><a class="view-all-sources-link" href=https://listwithclever.com/rhode-island/"#article-sources">View All Sources</a>">[18] | Providence | 21st best |
| Best Bike Cities"The Most Bike-Friendly Cities in the U.S."</a> Updated July 17, 2023.<br><br><a class="view-all-sources-link" href=https://listwithclever.com/rhode-island/"#article-sources">View All Sources</a>">[19] | Providence | 10th best |
| Best Commuter Cities"The Best (and Worst) Cities for Commuters"</a> Updated September 21, 2023.<br><br><a class="view-all-sources-link" href=https://listwithclever.com/rhode-island/"#article-sources">View All Sources</a>">[20] | Providence | 26th best |
Where to shop for homes in Rhode Island
Frequently asked questions
As of November 21, 2025, the median days on market (DOM) in Rhode Island is 44. On average, it takes about 42 days to sell in Rhode Island.
Home values have risen in Rhode Island over the past year. The current median home value is $487,363 and it's projected to rise by 3.00% in the next year.
As of November 21, 2025, sellers in Rhode Island are typically getting 100% of the list price for their homes.
Methodology
Information on market conditions is based on Zillow data as of October 2025, Realtor.com data as of October 2025, and HouseCanary data as of November 21, 2025, unless specified otherwise.
We gathered our commission rate data from a September 2025 survey of 828 of agents nationwide. The survey asked about standard local rates for both listing and buying agents. To ensure an adequate amount of agent data, these data points are averages based on responses we've received from 126 agents in the Northeast region.