Data VisualizationEconomyFinance

Rhode Island Home Sales and Median Prices by ZIP Code – February 2025

February 2025 brought a wide range of activity to Rhode Island’s real estate market, showcasing the state’s diverse housing landscape.

From luxury oceanfront enclaves to bustling urban neighborhoods and quiet suburban pockets, the latest data from Redfin reveals how buyers and sellers moved across the Ocean State last month.

At the top of the market, coastal communities continued to shine. Block Island (02807) led the state in terms of home value, with a median sale price of $2,062,500, although only four homes changed hands. Jamestown (02835), another high-end coastal town, reported a median home price of $1,125,000, with 14 homes sold.
 

 
Newport (02840), well-known for its mix of historic charm and seaside elegance, remained active with 51 home sales at a median price of $900,000. Neighboring Middletown (02842) saw 35 homes sold with a median of $765,000, while Narragansett (02882) posted 29 sales at a median of $789,000, underscoring steady demand in these popular beachside towns.

In suburban areas, several ZIP codes stood out for both pricing and volume. Barrington (02806) saw 31 homes sold with a healthy median sale price of $649,900, maintaining its status as a sought-after family-friendly suburb. East Greenwich (02818) followed closely, boasting a median price of $815,000 with 54 homes sold, while North Kingstown (02852) remained a top performer with 49 sales and a median home price of $570,000.

Warwick (02886), one of the state’s most active housing markets, had 72 homes sold at a median price of $395,500. Cranston, split across multiple ZIP codes, showed strong activity as well—Cranston’s western section (02920) led the entire state in volume with 98 homes sold at a median of $455,000, while the Eden Park area (02910) saw 64 homes sold at a slightly lower median price of $387,000.

Providence’s neighborhoods also saw significant movement. The east side, particularly Hope, Blackstone, and Wayland (02906), led the capital city with 58 home sales and a median price of $825,000. On the west side, Elmhurst and Mount Pleasant (02908) reported 68 home sales at a median of $432,750Silver Lake and Olneyville (02909) followed with 48 homes sold, showing a median price of $456,500.

South Providence (02907) remained active too, with 39 homes sold at $415,000. These areas reflect a healthy mix of price points and strong buyer interest in the city’s diverse neighborhoods. Further north, affordable urban markets continued to show strength. Woonsocket (02895) was the second-most active market in the state with 93 homes sold, coming in at a median price of $409,900. Pawtucket (02860), long considered a favorite among first-time buyers, saw 69 homes change hands at a median of $385,000.

In the southern part of the state, Wakefield (02879) posted an impressive 60 sales, with a median price of $757,575, demonstrating continued appeal for those seeking a balance between beach proximity and neighborhood charm. Westerly (02891), another coastal town, saw 42 homes sold with a median price of $475,000.

Even smaller communities contributed to the state’s market momentum. Edgewood and Washington Park, which straddle the Providence-Cranston line (02905), saw 41 homes sold at a median of $550,000.

 

Via
Professpost.com analysis using the Redfin Data

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