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Elmwood Reservoir South Elmwood Upper South Providence West End

PROVIDENCE, RI 02907

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

Neighborhoods in ZIP 02907

Elmwood · Reservoir · South Elmwood · Upper South Providence · West End

Market Analysis

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

The PROVIDENCE, RI real estate market (02907) currently shows 18 active listings, with 8 pending sales. Homes are averaging 48 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are taking longer to sell, averaging 48 days on market compared to 27 days last year.

The median listing price has risen 28.6% year-over-year, from $351,725 to $452,150.

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: 32,697  ·  Density: 5,718.4/mi²  ·  Median household income: $46,010

Typical home value: $272,274  ·  Homeownership: 30.5%

Market Overview

Active Listings
18
vs 18 last year
Pending
8
44% pending ratio
Median Price
$452,150
⇧ 28.6% vs $351,725 last year
Average Price
$446,433
⇧ 25.6% vs $355,444 last year
Days on Market
48
⇧ 77.8% vs 27 days last year

Price Per Square Foot

Median $/sqft
$279
⇧ 39.5% vs $200/sqft last year
Median Home Size
1,466 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Days on market: 48 now vs 27 last year

Median & Average Pricing

Year over Year
  • Median: $452,150 (+28.6% YoY)
  • Average: $446,433 (+25.6% 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 8.0 miles — 437 listings ($258,208,729 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
02907Providence, RI 029070.0 mi20$8,597,540$429,900$429,877
02903Providence, RI 029031.6 mi19$8,974,764$449,500$472,356
02909Providence, RI 029091.9 mi35$13,277,250$379,900$379,350
02920Cranston, RI 029203.0 mi54$28,122,390$484,450$520,785
02906Providence, RI 029063.4 mi51$53,520,726$744,000$1,049,426
02915Riverside, RI 029154.2 mi23$10,897,561$440,000$473,807
02911North Providence, RI 029114.6 mi24$11,166,312$447,400$465,263
02919Johnston, RI 029195.2 mi69$43,205,178$549,900$626,162
02860Pawtucket, RI 028605.3 mi37$14,548,215$374,000$393,195
02863Central Falls, RI 028636.5 mi5$1,848,625$355,000$369,725
02861Pawtucket, RI 028616.7 mi42$19,522,188$434,900$464,814
02806Barrington, RI 028066.9 mi22$17,864,220$685,000$812,010
02865Lincoln, RI 028658.0 mi36$26,663,760$674,900$740,660

Frequently Asked Questions

How many homes are for sale in PROVIDENCE, RI 02907?

As of February 2026, there are 18 active listings in PROVIDENCE, RI (zip code 02907), compared to 18 the prior year.

What is the median home price in PROVIDENCE, RI 02907?

The median listing price in PROVIDENCE, RI 02907 is $452,150 as of February 2026, a 28.6% increase from $351,725 the prior year.

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

Homes in PROVIDENCE, RI 02907 spend an average of 48 days on the market before going under contract, compared to 27 days the prior year.

Is it a seller's or buyer's market in PROVIDENCE, RI 02907?

Based on current inventory and days-on-market data as of February 2026, PROVIDENCE, RI 02907 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are taking longer to sell, averaging 48 days on market compared to 27 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 02907 save an estimated $9,043 compared to a typical 5% commission on the median listing price of $452,150. 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.