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HOPE, RI 02831

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

Market Analysis

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

The HOPE, RI real estate market (02831) currently shows 15 active listings, with 8 pending sales. Homes are averaging 31 days on the market before going under contract.

Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice.

Homes are selling faster, averaging 31 days on market compared to 88 days last year.

The median listing price has risen 24.9% year-over-year, from $679,900 to $849,250.

Whether you are buying or selling in HOPE, 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: 3,840  ·  Density: 137.9/mi²  ·  Median household income: $129,122

Typical home value: $402,112  ·  Homeownership: 89.5%

Market Overview

Active Listings
15
⇧ 66.7% vs 9 last year
Pending
8
53% pending ratio
Median Price
$849,250
⇧ 24.9% vs $679,900 last year
Average Price
$957,162
⇧ 56.4% vs $611,900 last year
Days on Market
31
⇩ 64.8% vs 88 days last year

Price Per Square Foot

Median $/sqft
$375
⇧ 9% vs $344/sqft last year
Median Home Size
2,918 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 15 this year vs 9 last year
  • Days on market: 31 now vs 88 last year

Median & Average Pricing

Year over Year
  • Median: $849,250 (+24.9% YoY)
  • Average: $957,162 (+56.4% 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 12.0 miles — 533 listings ($350,003,887 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
02831Hope, RI 028310.0 mi16$15,004,352$807,400$937,772
02816Coventry, RI 028164.2 mi86$51,543,240$553,038$599,340
02857North Scituate, RI 028576.2 mi22$16,036,680$712,450$728,940
02919Johnston, RI 029196.6 mi75$44,333,850$535,000$591,118
02825Foster, RI 028257.7 mi15$7,859,190$501,175$523,946
02818East Greenwich, RI 028188.5 mi65$72,561,320$779,473$1,116,328
02827Greene, RI 028278.6 mi6$3,034,200$529,450$505,700
02907Providence, RI 029079.0 mi18$8,035,794$452,150$446,433
02828Greenville, RI 028289.2 mi11$7,243,368$409,900$658,488
02908Providence, RI 029089.9 mi45$21,378,825$432,225$475,085
02889Warwick, RI 0288910.3 mi72$35,534,952$477,100$493,541
02904Providence, RI 0290411.1 mi58$20,974,424$382,450$361,628
02906Providence, RI 0290612.0 mi44$46,463,692$674,700$1,055,993

Frequently Asked Questions

How many homes are for sale in HOPE, RI 02831?

As of March 2026, there are 15 active listings in HOPE, RI (zip code 02831), compared to 9 the prior year.

What is the median home price in HOPE, RI 02831?

The median listing price in HOPE, RI 02831 is $849,250 as of March 2026, a 24.9% increase from $679,900 the prior year.

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

Homes in HOPE, RI 02831 spend an average of 31 days on the market before going under contract, compared to 88 days the prior year.

Is it a seller's or buyer's market in HOPE, RI 02831?

Based on current inventory and days-on-market data as of March 2026, HOPE, RI 02831 is currently a Balanced Market. Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice. Homes are selling faster, averaging 31 days on market compared to 88 days last year.

How much can I save on real estate commission in HOPE, RI?

With SELL123.com's maximum 3% commission, sellers in HOPE, RI 02831 save an estimated $16,985 compared to a typical 5% commission on the median listing price of $849,250. 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.