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Elmwood Reservoir South Elmwood Upper South Providence West End

PROVIDENCE, RI 02907

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

Neighborhoods in ZIP 02907

Elmwood · Reservoir · South Elmwood · Upper South Providence · West End

Market Analysis

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

The PROVIDENCE, RI real estate market (02907) currently shows 28 active listings, with 18 pending sales. Homes are averaging 21 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 21 days on market compared to 22 days last year.

The median listing price has risen 9.6% year-over-year, from $387,200 to $424,450.

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: 32,697  ·  Density: 5,718.4/mi²  ·  Median household income: $46,010

Typical home value: $272,274  ·  Homeownership: 30.5%

Market Overview

Active Listings
28
⇧ 16.7% vs 24 last year
Pending
18
64% pending ratio
Median Price
$424,450
⇧ 9.6% vs $387,200 last year
Average Price
$400,646
⇧ 4.4% vs $383,873 last year
Days on Market
21
⇩ 4.5% vs 22 days last year

Price Per Square Foot

Median $/sqft
$273
⇧ 24.1% vs $220/sqft last year
Median Home Size
1,392 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 28 this year vs 24 last year
  • Days on market: 21 now vs 22 last year

Median & Average Pricing

Year over Year
  • Median: $424,450 (+9.6% YoY)
  • Average: $400,646 (+4.4% 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 8.3 miles — 461 listings ($256,507,833 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
02907Providence, RI 029070.0 mi18$8,035,794$452,150$446,433
02903Providence, RI 029031.6 mi20$9,242,760$468,500$462,138
02909Providence, RI 029091.9 mi35$13,367,130$378,650$381,918
02920Cranston, RI 029203.0 mi54$30,509,460$504,450$564,990
02906Providence, RI 029063.4 mi44$46,463,692$674,700$1,055,993
02915Riverside, RI 029154.2 mi22$9,888,450$416,150$449,475
02911North Providence, RI 029114.6 mi24$11,756,112$484,625$489,838
02919Johnston, RI 029195.2 mi75$44,333,850$535,000$591,118
02860Pawtucket, RI 028605.3 mi39$15,090,699$362,475$386,941
02863Central Falls, RI 028636.5 mi5$1,933,750$384,750$386,750
02861Pawtucket, RI 028616.7 mi44$20,330,860$452,450$462,065
02806Barrington, RI 028066.9 mi24$21,944,736$781,500$914,364
02893West Warwick, RI 028938.3 mi57$23,610,540$404,900$414,220

Frequently Asked Questions

How many homes are for sale in PROVIDENCE, RI 02907?

As of July 2026, there are 28 active listings in PROVIDENCE, RI (zip code 02907), compared to 24 the prior year.

What is the median home price in PROVIDENCE, RI 02907?

The median listing price in PROVIDENCE, RI 02907 is $424,450 as of July 2026, a 9.6% increase from $387,200 the prior year.

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

Homes in PROVIDENCE, RI 02907 spend an average of 21 days on the market before going under contract, compared to 22 days the prior year.

Is it a seller's or buyer's market in PROVIDENCE, RI 02907?

Based on current inventory and days-on-market data as of July 2026, PROVIDENCE, RI 02907 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 21 days on market compared to 22 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 02907 save an estimated $8,489 compared to a typical 5% commission on the median listing price of $424,450. 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.