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BLOCK ISLAND, RI 02807

Real Estate Market Report
Balanced Market
February 2026  ·  Source: Realtor.com

Market Analysis

Data as of February 2026. Source: Realtor.com.

The BLOCK ISLAND, RI real estate market (02807) currently shows 16 active listings, with 3 pending sales. Homes are averaging 160 days on the market before going under contract.

Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice.

Homes are selling faster, averaging 160 days on market compared to 194 days last year.

The median listing price has fallen 5.9% year-over-year, from $3,047,500 to $2,867,500.

Whether you are buying or selling in BLOCK ISLAND, RI, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 962  ·  Density: 40.9/mi²  ·  Median household income: $66,652

Typical home value: $999,972  ·  Homeownership: 78.0%

Market Overview

Active Listings
16
⇧ 23.1% vs 13 last year
Pending
3
19% pending ratio
Median Price
$2,867,500
⇩ 5.9% vs $3,047,500 last year
Average Price
$3,342,912
⇧ 12.4% vs $2,974,000 last year
Days on Market
160
⇩ 17.5% vs 194 days last year

Price Per Square Foot

Median $/sqft
$1,211
⇧ 49% vs $813/sqft last year
Median Home Size
2,690 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 16 this year vs 13 last year
  • Days on market: 160 now vs 194 last year

Median & Average Pricing

Year over Year
  • Median: $2,867,500 (-5.9% YoY)
  • Average: $3,342,912 (+12.4% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 27.2 miles — 304 listings ($648,100,173 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
02807Block Island, RI 028070.0 mi14$48,597,500$3,395,000$3,471,250
02891Westerly, RI 0289116.9 mi61$159,887,466$1,272,500$2,621,106
02882Narragansett, RI 0288218.0 mi43$88,869,476$1,250,000$2,066,732
06379Pawcatuck, CT 0637919.5 mi14$15,548,960$869,950$1,110,640
02804Ashaway, RI 0280420.4 mi3$1,445,850$481,950$481,950
02881Kingston, RI 0288121.2 mi4$3,016,000$754,000$754,000
06390Fishers Island, NY 0639022.3 mi1$6,500,000$6,500,000$6,500,000
02892West Kingston, RI 0289222.5 mi9$4,499,460$499,900$499,940
02832Hope Valley, RI 0283223.9 mi11$5,944,246$499,900$540,386
02898Wyoming, RI 0289824.3 mi15$33,096,030$1,500,000$2,206,402
02840Newport, RI 0284024.7 mi67$180,657,527$1,475,000$2,696,381
02835Jamestown, RI 0283525.5 mi22$71,693,138$1,745,000$3,258,779
06340Groton, CT 0634027.2 mi40$28,344,520$474,900$708,613

Frequently Asked Questions

How many homes are for sale in BLOCK ISLAND, RI 02807?

As of February 2026, there are 16 active listings in BLOCK ISLAND, RI (zip code 02807), compared to 13 the prior year.

What is the median home price in BLOCK ISLAND, RI 02807?

The median listing price in BLOCK ISLAND, RI 02807 is $2,867,500 as of February 2026, a 5.9% decrease from $3,047,500 the prior year.

How long do homes stay on the market in BLOCK ISLAND, RI?

Homes in BLOCK ISLAND, RI 02807 spend an average of 160 days on the market before going under contract, compared to 194 days the prior year.

Is it a seller's or buyer's market in BLOCK ISLAND, RI 02807?

Based on current inventory and days-on-market data as of February 2026, BLOCK ISLAND, RI 02807 is currently a Balanced Market. Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice. Homes are selling faster, averaging 160 days on market compared to 194 days last year.

How much can I save on real estate commission in BLOCK ISLAND, RI?

With SELL123.com's maximum 3% commission, sellers in BLOCK ISLAND, RI 02807 save an estimated $57,350 compared to a typical 5% commission on the median listing price of $2,867,500. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.