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PORTSMOUTH, RI 02871

Real Estate Market Report
Buyer's Market
February 2026  ·  Source: Realtor.com

Market Analysis

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

The PORTSMOUTH, RI real estate market (02871) currently shows 67 active listings, with 20 pending sales. Homes are averaging 60 days on the market before going under contract.

Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 60 days on market compared to 50 days last year.

The median listing price has risen 23.6% year-over-year, from $705,863 to $872,500.

Whether you are buying or selling in PORTSMOUTH, 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: 17,748  ·  Density: 401.5/mi²  ·  Median household income: $107,360

Typical home value: $482,153  ·  Homeownership: 80.5%

Market Overview

Active Listings
67
⇧ 8.1% vs 62 last year
Pending
20
30% pending ratio
Median Price
$872,500
⇧ 23.6% vs $705,863 last year
Average Price
$1,370,688
⇧ 14.2% vs $1,199,778 last year
Days on Market
60
⇧ 20% vs 50 days last year

Price Per Square Foot

Median $/sqft
$522
⇧ 5.9% vs $493/sqft last year
Median Home Size
1,900 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 67 this year vs 62 last year
  • Days on market: 60 now vs 50 last year

Median & Average Pricing

Year over Year
  • Median: $872,500 (+23.6% YoY)
  • Average: $1,370,688 (+14.2% 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 13.9 miles — 464 listings ($664,832,099 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
02871Portsmouth, RI 028710.0 mi67$92,587,501$875,000$1,381,903
02878Tiverton, RI 028784.6 mi49$53,032,847$732,000$1,082,303
02837Little Compton, RI 028376.7 mi10$40,778,630$1,199,900$4,077,863
02835Jamestown, RI 028357.9 mi22$71,693,138$1,745,000$3,258,779
02840Newport, RI 028408.0 mi67$180,657,527$1,475,000$2,696,381
02790Westport, MA 027909.0 mi23$20,769,920$712,450$903,040
02723Fall River, MA 027239.9 mi11$4,258,397$377,000$387,127
02852North Kingstown, RI 0285210.6 mi51$69,837,309$749,900$1,369,359
02806Barrington, RI 0280611.5 mi22$17,864,220$685,000$812,010
02777Swansea, MA 0277712.2 mi24$17,084,496$699,450$711,854
02818East Greenwich, RI 0281812.9 mi62$67,516,574$785,000$1,088,977
02726Somerset, MA 0272613.5 mi12$7,607,868$589,000$633,989
02888Warwick, RI 0288813.9 mi44$21,143,672$462,400$480,538

Frequently Asked Questions

How many homes are for sale in PORTSMOUTH, RI 02871?

As of February 2026, there are 67 active listings in PORTSMOUTH, RI (zip code 02871), compared to 62 the prior year.

What is the median home price in PORTSMOUTH, RI 02871?

The median listing price in PORTSMOUTH, RI 02871 is $872,500 as of February 2026, a 23.6% increase from $705,863 the prior year.

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

Homes in PORTSMOUTH, RI 02871 spend an average of 60 days on the market before going under contract, compared to 50 days the prior year.

Is it a seller's or buyer's market in PORTSMOUTH, RI 02871?

Based on current inventory and days-on-market data as of February 2026, PORTSMOUTH, RI 02871 is currently a Buyer's Market. Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 60 days on market compared to 50 days last year.

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

With SELL123.com's maximum 3% commission, sellers in PORTSMOUTH, RI 02871 save an estimated $17,450 compared to a typical 5% commission on the median listing price of $872,500. 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.