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Lower South Providence South Elmwood Upper South Providence Washington Park

PROVIDENCE, RI 02905

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

Neighborhoods in ZIP 02905

Lower South Providence · South Elmwood · Upper South Providence · Washington Park

Market Analysis

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

The PROVIDENCE, RI real estate market (02905) currently shows 34 active listings, with 14 pending sales. Homes are averaging 49 days on the market before going under contract.

Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 49 days on market compared to 30 days last year.

The median listing price has risen 2.6% year-over-year, from $411,750 to $422,450.

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: 25,674  ·  Density: 2,647.3/mi²  ·  Median household income: $53,668

Typical home value: $296,261  ·  Homeownership: 48.6%

Market Overview

Active Listings
34
⇩ 10.5% vs 38 last year
Pending
14
41% pending ratio
Median Price
$422,450
⇧ 2.6% vs $411,750 last year
Average Price
$456,186
⇩ 6.2% vs $486,428 last year
Days on Market
49
⇧ 63.3% vs 30 days last year

Price Per Square Foot

Median $/sqft
$325
⇧ 43.8% vs $226/sqft last year
Median Home Size
1,376 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 34 this year vs 38 last year
  • Days on market: 49 now vs 30 last year

Median & Average Pricing

Year over Year
  • Median: $422,450 (+2.6% YoY)
  • Average: $456,186 (-6.2% 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 8.4 miles — 387 listings ($232,127,124 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
02905Providence, RI 029050.0 mi35$15,725,780$419,900$449,308
02910Cranston, RI 029102.1 mi33$13,630,419$399,900$413,043
02914East Providence, RI 029142.4 mi28$12,745,376$449,950$455,192
02888Warwick, RI 028882.7 mi44$21,143,672$462,400$480,538
02906Providence, RI 029063.6 mi51$53,520,726$744,000$1,049,426
02908Providence, RI 029084.1 mi41$19,288,491$422,450$470,451
02806Barrington, RI 028065.3 mi22$17,864,220$685,000$812,010
02771Seekonk, MA 027715.4 mi15$10,769,250$599,000$717,950
02860Pawtucket, RI 028605.7 mi37$14,548,215$374,000$393,195
02921Cranston, RI 029216.3 mi33$30,875,262$889,450$935,614
02861Pawtucket, RI 028616.7 mi42$19,522,188$434,900$464,814
02863Central Falls, RI 028637.1 mi5$1,848,625$355,000$369,725
02823Fiskeville, RI 028238.4 mi1$644,900$644,900$644,900

Frequently Asked Questions

How many homes are for sale in PROVIDENCE, RI 02905?

As of February 2026, there are 34 active listings in PROVIDENCE, RI (zip code 02905), compared to 38 the prior year.

What is the median home price in PROVIDENCE, RI 02905?

The median listing price in PROVIDENCE, RI 02905 is $422,450 as of February 2026, a 2.6% increase from $411,750 the prior year.

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

Homes in PROVIDENCE, RI 02905 spend an average of 49 days on the market before going under contract, compared to 30 days the prior year.

Is it a seller's or buyer's market in PROVIDENCE, RI 02905?

Based on current inventory and days-on-market data as of February 2026, PROVIDENCE, RI 02905 is currently a Balanced Market. Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 49 days on market compared to 30 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 02905 save an estimated $8,449 compared to a typical 5% commission on the median listing price of $422,450. 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.