Providence, RI metro area Housing Market Brief
metro · RI · score computed October 2026
What is Providence, RI metro area’s Alpha Score?
The Alpha Score is a composite 0–100 index of market strength, a weighted blend of five dimensions. See the methodology.
Population band 5 of 5 (population 278,335–19,798,537) · comparable within its band
Where is Providence, RI metro area in its market cycle?
Providence, RI metro area is classified as Recovering — turning back up after a downturn. This is a classification of recent (1–12 month) momentum, not a price forecast.
What’s the forecast for Providence, RI metro area?
Metro-level forecasts are paused (since Oct 18, 2026). The new public-data model we built to replace them didn't pass our accuracy test, and we won't publish forecasts again until a model does.
Providence, RI metro area housing market data
| Metric | Value | YoY | Source |
|---|---|---|---|
| Median Sale Price | $546K | ▲ +2.8% | Redfin |
| Median Days on Market | 32 days | ▲ +6.7% | Redfin |
| Months of Supply | 2.6 | ▲ +30% | Redfin |
| Homes for Sale | 3,211 | ▲ +15.4% | Redfin |
| Homes Sold | 1,324 | ▼ -5.4% | Redfin |
| Median Price / Sq Ft | $302 | ▲ +2.2% | Redfin |
How has Providence, RI metro area’s Alpha Score moved?
Markets like Providence, RI metro area
- Boston-Cambridge-Newton, MAmetro30
- Worcester, MA metro area, MAmetro34
- Boston, MA metro area, MAmetro35
- Bridgeport, CT metro area, CTmetro32
- Los Angeles, CA metro area, CAmetro24
- El Centro, CA metro area, CAmetro23
- Springfield, MA metro area, MAmetro30
- Los Angeles-Long Beach-Anaheim, CAmetro29
- Eureka, CA metro area, CAmetro16
- Frederick, MD metro area, MDmetro34
Frequently asked questions
Is Providence, RI metro area a buyer's or seller's market?
In the scores computed October 2026, Providence, RI metro area is classified as a Buyer's Market, based on its Alpha Score of 31 out of 100. The classification reflects current price, building, affordability, economic, and rental-yield conditions.
Are home prices rising or falling in Providence, RI metro area?
The median sale price in Providence, RI metro area is $546K, having risen 2.8% over the past year, according to Redfin.
How affordable is Providence, RI metro area?
Providence, RI metro area scores 15 out of 100 on affordability — relatively unaffordable relative to local incomes and prevailing mortgage rates compared with other metros.
What's driving Providence, RI metro area's Alpha Score?
Providence, RI metro area's strongest dimension is Price Momentum (61/100) and its weakest is Rental Yield (11/100). The Alpha Score is a weighted blend of all five dimensions.
Want the live, interactive view of Providence, RI metro area? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.