GoLocalProv | Business | Median Price of a Single-Family House in RI Dips Under $500,000,
Friday, January 09, 2026
New housing data released for December for the Rhode Island real estate market offers a morsel of good news for buyers.
The market report released by Mott & Chace Sotheby’s International provides a comprehensive look into the state’s real estate sales.
The median price of sold listings was $496,950. During the past seven months, the price of a single-family home has been above $500,000 and hit a high of $530,000 in September, driven by many high-end properties closing before an October 1 increase in the conveyance tax.
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That is the good news.
The bad news is that in December 2025, the year-over-year median price jumped 5.9% over December 2024.
Demand Continues to Drive Home Prices
The supply of inventory decreased from 3.6 months to 2.2 months when compared to the same time period last year.
Additionally, the average days on market increased from 41 days in December 2024 to 46 days in December 2025.
A balanced market should have about 6 months of available inventory, while December 2025 had just above 2 months of inventory.
There simply is too little construction of new homes in Rhode Island, and housing reform legislation that was passed by the State House has failed to spark significant construction.
ADUs – One Failed Initiative
Governor Dan McKee, along with the revolving door of Rhode Island Housing Secretaries over the past three years, have all claimed that Accessory Dwelling Units (ADUs) would be a big part of the effort to solve Rhode Island’s housing crisis.
GoLocal broke down the numbers in October.
With the median price of a single-family home now hovering at about $500,000 in Rhode Island, an ever-decreasing number of buyers can purchase a home.
In summary, less than 20% of Rhode Island households can afford to buy a median-priced home, making the state one of the most challenging markets in the country for homebuyers.
ADUs were supposed to provide an affordable alternative, but the program simply has not progressed.
In all of 2024, in Providence, only one ADU received a certificate of occupancy.
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