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HOPE, RI 02831

Real Estate Market Report  ·  Providence County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
15
⇧ 36.4% vs 11 last year
Pending
5
33% pending ratio
Median Price
$829,900
⇧ 42.5% vs $582,400 last year
Average Price
$876,145
⇧ 51.6% vs $577,900 last year
Days on Market
44
⇩ 63.3% vs 120 days last year

Market Context

Population: 3,840  ·  Density: 137.9/mi²  ·  Median household income: $129,122

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

Market Analysis

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

The HOPE, RI real estate market (02831) currently shows 15 active listings, with 5 pending sales. Homes are averaging 44 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 selling faster, averaging 44 days on market compared to 120 days last year.

The median listing price has risen 42.5% year-over-year, from $582,400 to $829,900.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 15 this year vs 11 last year
  • Days on market: 44 now vs 120 last year

Median & Average Pricing

Year over Year
  • Median: $829,900 (+42.5% YoY)
  • Average: $876,145 (+51.6% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 11.6 miles — 460 listings ($247,493,669 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
02831Hope, RI 028310.0 mi15$13,142,175$829,900$876,145
02921Cranston, RI 029213.8 mi33$30,875,262$889,450$935,614
02893West Warwick, RI 028934.8 mi62$27,195,122$425,000$438,631
02920Cranston, RI 029206.3 mi54$28,122,390$484,450$520,785
02886Warwick, RI 028867.0 mi71$37,414,373$520,000$526,963
02910Cranston, RI 029108.0 mi33$13,630,419$399,900$413,043
02909Providence, RI 029098.6 mi35$13,277,250$379,900$379,350
02888Warwick, RI 028888.9 mi44$21,143,672$462,400$480,538
02817West Greenwich, RI 028179.1 mi10$7,396,750$729,900$739,675
02911North Providence, RI 029119.5 mi24$11,166,312$447,400$465,263
02905Providence, RI 0290510.0 mi35$15,725,780$419,900$449,308
02903Providence, RI 0290310.3 mi19$8,974,764$449,500$472,356
02917Smithfield, RI 0291711.6 mi25$19,429,400$629,900$777,176

Frequently Asked Questions

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

As of January 2026, there are 15 active listings in HOPE, RI (zip code 02831), compared to 11 the prior year.

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

The median listing price in HOPE, RI 02831 is $829,900 as of January 2026, a 42.5% increase from $582,400 the prior year.

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

Homes in HOPE, RI 02831 spend an average of 44 days on the market before going under contract, compared to 120 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 January 2026, HOPE, RI 02831 is currently a Balanced Market. Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice. Homes are selling faster, averaging 44 days on market compared to 120 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 $16,598 compared to a typical 5% commission on the median listing price of $829,900. 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.