The Rhode Island market right now
Sales figures: Redfin Data Center, market tracker (Redfin, a national real estate brokerage), Rhode Island, May 2026, all residential property types. Typical value: Zillow Home Value Index (ZHVI), Zillow Research, August 2026, mid-tier homes, seasonally adjusted. These are area-wide figures, not a value for any one home.
With about 2.4 months of supply, this is a market that leans toward sellers by the usual rule of thumb, and homes sold at or above their list price on average.
Show the numbers
| Month | Median sale price |
|---|---|
| May 2026 | $536,900 |
| Apr 2026 | $541,400 |
| Mar 2026 | $533,500 |
| Feb 2026 | $498,700 |
| Jan 2026 | $526,300 |
| Dec 2025 | $517,100 |
| Nov 2025 | $526,200 |
| Oct 2025 | $504,800 |
| Sep 2025 | $569,200 |
| Aug 2025 | $515,700 |
| Jul 2025 | $520,800 |
| Jun 2025 | $533,600 |
| May 2025 | $519,800 |
| Apr 2025 | $493,900 |
| Mar 2025 | $503,000 |
| Feb 2025 | $490,400 |
| Jan 2025 | $503,200 |
| Dec 2024 | $486,900 |
| Nov 2024 | $490,800 |
| Oct 2024 | $519,200 |
| Sep 2024 | $513,700 |
| Aug 2024 | $512,400 |
| Jul 2024 | $501,500 |
| Jun 2024 | $521,100 |
| May 2024 | $490,900 |
Source: Redfin Data Center, Rhode Island. Monthly figures, not seasonally adjusted, so some ups and downs are just the time of year.
Rhode Island rules that affect sellers
Transfer tax
Rhode Island's real estate conveyance tax is $3.75 for each $500 of the sale price (0.75%) for closings on or after October 1, 2025, up from $2.30. On residential sales, a second tier of another $3.75 per $500 applies to the portion of the price above a threshold ($824,000 for 2026). By custom the seller pays, according to a title insurer's industry summary.
Local add-ons: No separate city or town transfer tax was found. Residential sales above $824,000 (2026 threshold, adjusted yearly) pay an extra 0.75% on the amount over the threshold.
Source: City of Cranston, State Notice of Real Estate Conveyance Tax Rate Change
Seller disclosure
Yes. Under R.I. Gen. Laws 5-20.8-2, the seller of a home with one to four units (or vacant land) must give the buyer a written disclosure of all deficient conditions the seller actually knows about, as soon as practicable and before any purchase agreement is signed. The Real Estate Commission approves the form, or a substantially conforming form may be used.
Who handles the closing
Rhode Island closings are customarily handled by title companies or attorneys, according to a title insurer's industry summary. Confirm locally with your closing agent.
Also worth knowing
The conveyance tax rose from $2.30 to $3.75 per $500 on October 1, 2025, and the Tier 2 threshold for higher-priced homes was raised to $824,000 for 2026 and will be adjusted for inflation each year.
Also worth knowing
When a nonresident sells Rhode Island real estate, the buyer must withhold 6% of the payment (7% for nonresident corporations) and send it to the state within three banking days of closing.
Checking an agent's license
Real estate agents in Rhode Island are licensed by the Rhode Island Department of Business Regulation, Real Estate Section. You can look up any agent before you work with them.
Rhode Island Department of Business Regulation, Real Estate Section license lookup
Rules checked 2026-09-30. They change, and local practice varies: confirm with your title company, closing attorney or agent before relying on them. This is general information, not legal or tax advice.
Metro areas in Rhode Island
Prices and pace can be very different from one metro to the next, so the local page is a better guide than the statewide figure.
Market figures: Redfin Data Center and Zillow Research, updated monthly. All states.