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College Hill Downtown Federal Hill Fox Point Lower South Providence Smith Hill Upper South Providence

PROVIDENCE, RI 02903

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

Neighborhoods in ZIP 02903

College Hill · Downtown · Federal Hill · Fox Point · Lower South Providence · Smith Hill · Upper South Providence

Market Analysis

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

The PROVIDENCE, RI real estate market (02903) currently shows 20 active listings, with 6 pending sales. Homes are averaging 37 days on the market before going under contract.

Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 37 days on market compared to 66 days last year.

The median listing price has fallen 15.5% year-over-year, from $558,475 to $472,000.

Whether you are buying or selling in PROVIDENCE, 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: 12,039  ·  Density: 2,770.1/mi²  ·  Median household income: $57,850

Typical home value: $358,435  ·  Homeownership: 19.6%

Market Overview

Active Listings
20
⇩ 13% vs 23 last year
Pending
6
30% pending ratio
Median Price
$472,000
⇩ 15.5% vs $558,475 last year
Average Price
$448,905
⇩ 32.5% vs $664,616 last year
Days on Market
37
⇩ 43.9% vs 66 days last year

Price Per Square Foot

Median $/sqft
$518
⇧ 9.1% vs $475/sqft last year
Median Home Size
911 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 20 this year vs 23 last year
  • Days on market: 37 now vs 66 last year

Median & Average Pricing

Year over Year
  • Median: $472,000 (-15.5% YoY)
  • Average: $448,905 (-32.5% 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 8.4 miles — 490 listings ($278,804,491 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
02903Providence, RI 029030.0 mi19$8,974,764$449,500$472,356
02906Providence, RI 029061.8 mi51$53,520,726$744,000$1,049,426
02909Providence, RI 029092.1 mi35$13,277,250$379,900$379,350
02914East Providence, RI 029142.3 mi28$12,745,376$449,950$455,192
02910Cranston, RI 029103.3 mi33$13,630,419$399,900$413,043
02860Pawtucket, RI 028603.7 mi37$14,548,215$374,000$393,195
02915Riverside, RI 029154.3 mi23$10,897,561$440,000$473,807
02888Warwick, RI 028884.8 mi44$21,143,672$462,400$480,538
02863Central Falls, RI 028635.0 mi5$1,848,625$355,000$369,725
02919Johnston, RI 029195.7 mi69$43,205,178$549,900$626,162
02865Lincoln, RI 028656.8 mi36$26,663,760$674,900$740,660
02889Warwick, RI 028897.9 mi85$38,919,545$464,900$457,877
02917Smithfield, RI 029178.4 mi25$19,429,400$629,900$777,176

Frequently Asked Questions

How many homes are for sale in PROVIDENCE, RI 02903?

As of February 2026, there are 20 active listings in PROVIDENCE, RI (zip code 02903), compared to 23 the prior year.

What is the median home price in PROVIDENCE, RI 02903?

The median listing price in PROVIDENCE, RI 02903 is $472,000 as of February 2026, a 15.5% decrease from $558,475 the prior year.

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

Homes in PROVIDENCE, RI 02903 spend an average of 37 days on the market before going under contract, compared to 66 days the prior year.

Is it a seller's or buyer's market in PROVIDENCE, RI 02903?

Based on current inventory and days-on-market data as of February 2026, PROVIDENCE, RI 02903 is currently a Seller's Market. Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 37 days on market compared to 66 days last year.

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

With SELL123.com's maximum 3% commission, sellers in PROVIDENCE, RI 02903 save an estimated $9,440 compared to a typical 5% commission on the median listing price of $472,000. 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.