Providence, RI metro area Housing Market Brief
metro · as of May 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.
Where is Providence, RI metro area in its market cycle?
Providence, RI metro area is classified as Declining — cooling, with scores declining over recent months. This is a classification of recent (1–12 month) momentum, not a price forecast.
Providence, RI metro area housing market data
| Metric | Value | YoY |
|---|---|---|
| Median Sale Price | $520K | ▲ +2.5% |
| Median Days on Market | 25 days | ▼ -12.5% |
| Months of Supply | 2.5 | ▲ +15.2% |
| Homes for Sale | 2,848 | ▼ -1.4% |
| Homes Sold | 1,157 | ▼ -13.7% |
| Median Price / Sq Ft | $307 | ▲ +6.6% |
| Sale-to-List Ratio | 100.9% | ▲ +0.4% |
How has Providence, RI metro area’s Alpha Score moved?
Markets like Providence, RI metro area
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Frequently asked questions
Is Providence, RI metro area a buyer's or seller's market?
As of May 2026, Providence, RI metro area is classified as a Balanced Market, based on its Alpha Score of 50 out of 100. The classification reflects current price, inventory, 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 $520K, having risen 2.5% over the past year.
How affordable is Providence, RI metro area?
Providence, RI metro area scores 50 out of 100 on affordability — moderately affordable 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 (75/100) and its weakest is Inventory Health (30/100). 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.