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Downtown Elmhurst Mount Pleasant Smith Hill Valley Wanskuck

PROVIDENCE, RI 02908

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

Neighborhoods in ZIP 02908

Downtown · Elmhurst · Mount Pleasant · Smith Hill · Valley · Wanskuck

Market Analysis

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

The PROVIDENCE, RI real estate market (02908) currently shows 46 active listings, with 21 pending sales. Homes are averaging 31 days on the market before going under contract.

Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 31 days on market compared to 26 days last year.

The median listing price has risen 7.4% year-over-year, from $394,450 to $423,675.

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: 39,099  ·  Density: 4,437.3/mi²  ·  Median household income: $68,268

Typical home value: $272,130  ·  Homeownership: 48.1%

Market Overview

Active Listings
46
⇧ 9.5% vs 42 last year
Pending
21
46% pending ratio
Median Price
$423,675
⇧ 7.4% vs $394,450 last year
Average Price
$479,864
⇧ 16.6% vs $411,655 last year
Days on Market
31
⇧ 19.2% vs 26 days last year

Price Per Square Foot

Median $/sqft
$317
⇧ 29.9% vs $244/sqft last year
Median Home Size
1,378 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 46 this year vs 42 last year
  • Days on market: 31 now vs 26 last year

Median & Average Pricing

Year over Year
  • Median: $423,675 (+7.4% YoY)
  • Average: $479,864 (+16.6% 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 9.0 miles — 399 listings ($211,263,933 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
02908Providence, RI 029080.0 mi41$19,288,491$422,450$470,451
02909Providence, RI 029091.5 mi35$13,277,250$379,900$379,350
02911North Providence, RI 029112.1 mi24$11,166,312$447,400$465,263
02907Providence, RI 029072.9 mi20$8,597,540$429,900$429,877
02905Providence, RI 029054.1 mi35$15,725,780$419,900$449,308
02919Johnston, RI 029194.2 mi69$43,205,178$549,900$626,162
02910Cranston, RI 029104.4 mi33$13,630,419$399,900$413,043
02865Lincoln, RI 028655.1 mi36$26,663,760$674,900$740,660
02861Pawtucket, RI 028615.3 mi42$19,522,188$434,900$464,814
02915Riverside, RI 029156.3 mi23$10,897,561$440,000$473,807
02917Smithfield, RI 029176.4 mi25$19,429,400$629,900$777,176
02828Greenville, RI 028286.8 mi14$9,135,154$485,000$652,511
02838Manville, RI 028389.0 mi2$724,900$349,450$362,450

Frequently Asked Questions

How many homes are for sale in PROVIDENCE, RI 02908?

As of February 2026, there are 46 active listings in PROVIDENCE, RI (zip code 02908), compared to 42 the prior year.

What is the median home price in PROVIDENCE, RI 02908?

The median listing price in PROVIDENCE, RI 02908 is $423,675 as of February 2026, a 7.4% increase from $394,450 the prior year.

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

Homes in PROVIDENCE, RI 02908 spend an average of 31 days on the market before going under contract, compared to 26 days the prior year.

Is it a seller's or buyer's market in PROVIDENCE, RI 02908?

Based on current inventory and days-on-market data as of February 2026, PROVIDENCE, RI 02908 is currently a Buyer's Market. Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 31 days on market compared to 26 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 02908 save an estimated $8,474 compared to a typical 5% commission on the median listing price of $423,675. 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.