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HOPE VALLEY, RI 02832

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

Market Analysis

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

The HOPE VALLEY, RI real estate market (02832) currently shows 7 active listings, with 4 pending sales. Homes are averaging 64 days on the market before going under contract.

Inventory has tightened compared to last year, with 5 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 64 days on market compared to 28 days last year.

The median listing price has risen 28.8% year-over-year, from $449,900 to $579,500.

Whether you are buying or selling in HOPE VALLEY, 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: 4,887  ·  Density: 76.1/mi²  ·  Median household income: $102,643

Typical home value: $397,093  ·  Homeownership: 78.4%

Market Overview

Active Listings
7
⇩ 41.7% vs 12 last year
Pending
4
57% pending ratio
Median Price
$579,500
⇧ 28.8% vs $449,900 last year
Average Price
$579,725
⇧ 23.8% vs $468,243 last year
Days on Market
64
⇧ 128.6% vs 28 days last year

Price Per Square Foot

Median $/sqft
$309
⇧ 6.6% vs $290/sqft last year
Median Home Size
1,946 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 7 this year vs 12 last year
  • Days on market: 64 now vs 28 last year

Median & Average Pricing

Year over Year
  • Median: $579,500 (+28.8% YoY)
  • Average: $579,725 (+23.8% 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 14.8 miles — 303 listings ($313,651,476 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
02832Hope Valley, RI 028320.0 mi10$5,230,830$484,700$523,083
02898Wyoming, RI 028983.1 mi14$40,883,752$1,575,000$2,920,268
02804Ashaway, RI 028045.3 mi4$1,868,000$467,000$467,000
02892West Kingston, RI 028926.5 mi8$5,308,600$666,200$663,575
06384Voluntown, CT 063847.5 mi4$2,514,768$637,175$628,692
02813Charlestown, RI 028138.0 mi30$35,977,830$1,008,725$1,199,261
02881Kingston, RI 0288110.5 mi3$2,262,000$754,000$754,000
02879Wakefield, RI 0287911.1 mi56$71,188,600$868,750$1,271,225
06351Jewett City, CT 0635112.8 mi28$9,180,304$319,950$327,868
02827Greene, RI 0282713.4 mi6$3,034,200$529,450$505,700
02816Coventry, RI 0281614.0 mi86$51,543,240$553,038$599,340
02882Narragansett, RI 0288214.5 mi40$78,245,000$1,280,750$1,956,125
06354Moosup, CT 0635414.8 mi14$6,414,352$461,250$458,168

Frequently Asked Questions

How many homes are for sale in HOPE VALLEY, RI 02832?

As of March 2026, there are 7 active listings in HOPE VALLEY, RI (zip code 02832), compared to 12 the prior year.

What is the median home price in HOPE VALLEY, RI 02832?

The median listing price in HOPE VALLEY, RI 02832 is $579,500 as of March 2026, a 28.8% increase from $449,900 the prior year.

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

Homes in HOPE VALLEY, RI 02832 spend an average of 64 days on the market before going under contract, compared to 28 days the prior year.

Is it a seller's or buyer's market in HOPE VALLEY, RI 02832?

Based on current inventory and days-on-market data as of March 2026, HOPE VALLEY, RI 02832 is currently a Balanced Market. Inventory has tightened compared to last year, with 5 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 64 days on market compared to 28 days last year.

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

With SELL123.com's maximum 3% commission, sellers in HOPE VALLEY, RI 02832 save an estimated $11,590 compared to a typical 5% commission on the median listing price of $579,500. 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.