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Elmwood

PROVIDENCE, RI 02907

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

Market Overview

Active Listings
20
⇧ 17.6% vs 17 last year
Pending
9
45% pending ratio
Median Price
$429,900
⇧ 17.8% vs $365,000 last year
Average Price
$429,877
⇧ 18.2% vs $363,698 last year
Days on Market
29
⇩ 50% vs 58 days last year

Market Context

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

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

Market Analysis

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

The PROVIDENCE, RI real estate market (02907) currently shows 20 active listings, with 9 pending sales. Homes are averaging 29 days on the market before going under contract.

Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice.

Homes are selling faster, averaging 29 days on market compared to 58 days last year.

The median listing price has risen 17.8% year-over-year, from $365,000 to $429,900.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 20 this year vs 17 last year
  • Days on market: 29 now vs 58 last year

Median & Average Pricing

Year over Year
  • Median: $429,900 (+17.8% YoY)
  • Average: $429,877 (+18.2% 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 8.0 miles — 437 listings ($258,208,729 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
02907Providence, RI 029070.0 mi20$8,597,540$429,900$429,877
02903Providence, RI 029031.6 mi19$8,974,764$449,500$472,356
02909Providence, RI 029091.9 mi35$13,277,250$379,900$379,350
02920Cranston, RI 029203.0 mi54$28,122,390$484,450$520,785
02906Providence, RI 029063.4 mi51$53,520,726$744,000$1,049,426
02915Riverside, RI 029154.2 mi23$10,897,561$440,000$473,807
02911North Providence, RI 029114.6 mi24$11,166,312$447,400$465,263
02919Johnston, RI 029195.2 mi69$43,205,178$549,900$626,162
02860Pawtucket, RI 028605.3 mi37$14,548,215$374,000$393,195
02863Central Falls, RI 028636.5 mi5$1,848,625$355,000$369,725
02861Pawtucket, RI 028616.7 mi42$19,522,188$434,900$464,814
02806Barrington, RI 028066.9 mi22$17,864,220$685,000$812,010
02865Lincoln, RI 028658.0 mi36$26,663,760$674,900$740,660

Frequently Asked Questions

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

As of January 2026, there are 20 active listings in PROVIDENCE, RI (zip code 02907), compared to 17 the prior year.

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

The median listing price in PROVIDENCE, RI 02907 is $429,900 as of January 2026, a 17.8% increase from $365,000 the prior year.

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

Homes in PROVIDENCE, RI 02907 spend an average of 29 days on the market before going under contract, compared to 58 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 January 2026, PROVIDENCE, RI 02907 is currently a Balanced Market. Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice. Homes are selling faster, averaging 29 days on market compared to 58 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 $8,598 compared to a typical 5% commission on the median listing price of $429,900. 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.