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Lower South Providence South Elmwood Upper South Providence Washington Park

PROVIDENCE, RI 02905

Real Estate Market Report  ·  Providence County
Buyer's Market
March 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 02905

Lower South Providence · South Elmwood · Upper South Providence · Washington Park

Market Analysis

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

The PROVIDENCE, RI real estate market (02905) currently shows 40 active listings, with 19 pending sales. Homes are averaging 51 days on the market before going under contract.

Inventory has increased compared to last year, with 11 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 51 days on market compared to 36 days last year.

The median listing price has fallen 3.5% year-over-year, from $429,000 to $414,000.

Whether you are buying or selling in PROVIDENCE, 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: 25,674  ·  Density: 2,647.3/mi²  ·  Median household income: $53,668

Typical home value: $296,261  ·  Homeownership: 48.6%

Market Overview

Active Listings
40
⇧ 37.9% vs 29 last year
Pending
19
48% pending ratio
Median Price
$414,000
⇩ 3.5% vs $429,000 last year
Average Price
$433,681
⇩ 12% vs $492,693 last year
Days on Market
51
⇧ 41.7% vs 36 days last year

Price Per Square Foot

Median $/sqft
$324
⇧ 32.8% vs $244/sqft last year
Median Home Size
1,280 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 40 this year vs 29 last year
  • Days on market: 51 now vs 36 last year

Median & Average Pricing

Year over Year
  • Median: $414,000 (-3.5% YoY)
  • Average: $433,681 (-12% 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 8.6 miles — 429 listings ($244,778,573 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
02905Providence, RI 029050.0 mi34$14,761,406$418,500$434,159
02910Cranston, RI 029102.1 mi34$14,968,194$406,175$440,241
02914East Providence, RI 029142.4 mi20$9,063,600$449,900$453,180
02888Warwick, RI 028882.7 mi38$15,979,266$424,900$420,507
02906Providence, RI 029063.6 mi44$46,463,692$674,700$1,055,993
02908Providence, RI 029084.1 mi45$21,378,825$432,225$475,085
02806Barrington, RI 028065.3 mi24$21,944,736$781,500$914,364
02771Seekonk, MA 027715.4 mi15$9,999,105$561,950$666,607
02860Pawtucket, RI 028605.7 mi39$15,090,699$362,475$386,941
02921Cranston, RI 029216.3 mi30$29,253,900$881,750$975,130
02861Pawtucket, RI 028616.7 mi44$20,330,860$452,450$462,065
02863Central Falls, RI 028637.1 mi5$1,933,750$384,750$386,750
02893West Warwick, RI 028938.6 mi57$23,610,540$404,900$414,220

Frequently Asked Questions

How many homes are for sale in PROVIDENCE, RI 02905?

As of March 2026, there are 40 active listings in PROVIDENCE, RI (zip code 02905), compared to 29 the prior year.

What is the median home price in PROVIDENCE, RI 02905?

The median listing price in PROVIDENCE, RI 02905 is $414,000 as of March 2026, a 3.5% decrease from $429,000 the prior year.

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

Homes in PROVIDENCE, RI 02905 spend an average of 51 days on the market before going under contract, compared to 36 days the prior year.

Is it a seller's or buyer's market in PROVIDENCE, RI 02905?

Based on current inventory and days-on-market data as of March 2026, PROVIDENCE, RI 02905 is currently a Buyer's Market. Inventory has increased compared to last year, with 11 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 51 days on market compared to 36 days last year.

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

With SELL123.com's maximum 3% commission, sellers in PROVIDENCE, RI 02905 save an estimated $8,280 compared to a typical 5% commission on the median listing price of $414,000. 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.