Rhode Island started 2025 with a total of 691 single-family homes on the market, with a median home price of $549,900 and an average price per square foot of $438.16. By the end of the year, inventory had increased to 838 homes on the market (+21%), with a median home price of $574,900 (+5%), and an average price per square foot of $424 (-3%).
At the start of 2025, the median days on market (DOM) was 63 days – by the end of the year, median DOM had decreased to 63 days.
Rhode Island started the year with 24.17% of homes taking a price cut. (For reference, 35% is the national average for price reductions in a "normal" year.) By the end of the year, about 24.70% of homes for sale had taken a price cut.
Finally, Altos’ proprietary Market Action Index (MAI) shows that Rhode Island started 2025 as a seller's market, with an MAI score of 42; by the end of the year, the MAI had increased to 43 – a seller's market.Market Update for June 10, 2026
