Market Overview

Current Market Conditions for Sellers

As a real estate agent specializing in Providence, RI 02904, I understand that sellers need to be well-informed to make the best decisions. The current market conditions strongly favor sellers. A key indicator is the Months Supply of Inventory, which is very low at 0.99, indicating high demand and limited supply. [cite: 253, 254, 255] This is further emphasized by a significant decrease of 70.71% in the 12-Month Change in Months of Inventory, showcasing a rapidly shrinking supply of homes. [cite: 255]

Properties are selling quickly, with the Median Days Homes are On the Market at just 27 days, reflecting high demand and quick turnover. [cite: 256, 257] The Sold to List Price Percentage is 100.3%, meaning homes are selling slightly above their list price, demonstrating strong buyer interest and a willingness to pay a premium. [cite: 258, 259] The Median Sold Price is $382,500, indicating a healthy return on investment for sellers. [cite: 260, 261, 262, 263]

For sellers looking to maximize their potential, understanding these metrics is crucial. With low inventory, quick turnover, strong demand, and premium pricing, sellers are well-positioned in the current market. [cite: 256, 257, 258, 259, 260, 261, 262, 263]

Providence, RI 02904 Market Trends

Estimated Home Values

Recent Trends and Distressed Properties

The real estate market in Providence, RI 02904, has shown significant growth. The Median Estimated Home Value is $389K, with a 1.46% change over the last month, a 3.53% change over the last 3 months, and a 4.01% increase over the last 12 months. [cite: 268, 269, 270, 271] Over the past 24 months, the change has been an impressive 17.15%. [cite: 268, 269, 270, 271] This consistent growth underscores the strength of the Providence real estate market.

Distressed properties are also a factor in the market. As of 3/20/2025, there are a total of 2 distressed properties, with 0 pre-foreclosures and 2 foreclosures. [cite: 272, 273] Understanding the concentration of distressed properties can help buyers and sellers navigate the market effectively.

For potential buyers and investors, the steady increase in estimated home values indicates a promising market. [cite: 268, 269, 270, 271] Sellers can leverage these trends to understand the potential return on their investment. [cite: 268, 269, 270, 271, 272, 273]

Sales and List Price Trends in Providence, RI 02904

Market Activity Summary

Sales Price and List Price Analysis

The Median Sales Price in Providence, RI 02904, is $383K, with changes of 1.15% over the last month, 0.66% over the last 3 months, 16.62% over the last 12 months, and a substantial 39.6% over the last 24 months. [cite: 274, 275] The Median List Price is $385K, showing increases of 6.96% over the last month, 6.97% over the last 3 months, and 9.38% over the last 12 months. [cite: 274, 275] These figures highlight the dynamic nature of the market, with both sales and list prices showing significant appreciation.

Recent market activity includes new listings, pending sales, and closed transactions. For new listings, the median price is $444,950, with an average price per square foot of $321 and a median price per square foot of $334. [cite: 281, 282] The average days in RPR for new listings is 24, and the median is 16. [cite: 281, 282] Pending sales have a median price of $397,450, and closed sales have a median price of $402,500. [cite: 281, 282]

For buyers, understanding the trends in sales and list prices is essential for making informed offers. [cite: 274, 275, 281, 282] Sellers can use this data to price their homes competitively and align with market expectations. [cite: 274, 275, 281, 282]

New Listings Overview in North Providence, RI 02904

Property Highlights

Detailed Look at New Properties

There are several new listings in Providence, RI 02904, offering a variety of property types and features. [cite: 284, 285, 286, 287, 288, 289, 290, 291, 292, 293, 294, 295, 296, 297, 298, 299, 300, 301, 302, 303, 304, 305, 306, 307, 308, 309, 310, 311, 312, 313, 314, 315, 316, 317, 318, 319, 320, 321, 322, 323, 324, 325, 326, 327, 328, 329, 330, 331, 332, 333, 334, 335, 336, 337, 338, 339, 340, 341, 342, 343, 344, 345, 346, 347, 348, 349, 350, 351, 352, 353, 354, 355, 356] These include single-family homes with various features such as updated kitchens, new appliances, finished basements, and desirable locations. For example, a charming full-size Cape at 141 Burns St offers vinyl siding, newer windows, and a 5-year-old roof, priced at $399,900. [cite: 284, 285, 286, 287, 288] Another notable property is a spacious one-level ranch at 27 W River Pkwy, featuring 3 bedrooms, 3 full bathrooms, and modern upgrades, priced at $549,900. [cite: 289, 290, 291, 292, 293, 294, 295, 296, 297, 298, 299, 300, 301]

A well-loved ranch house at 74 Lubec St, priced at $398,000, includes 3 nicely sized bedrooms, 2 baths, and a bonus kitchen and bath in the basement, offering potential for an in-law suite or oversized home office. [cite: 302, 303, 304, 305, 306] For those seeking a larger home, 46 Forest View Dr offers 3 to 4 beds, 3.5 baths, hardwood throughout, and a custom kitchen, priced at $699,900. [cite: 306, 307, 308, 309, 310, 311]

These new listings provide diverse options for potential buyers, from cozy ranches to spacious family homes. [cite: 284, 285, 286, 287, 288, 289, 290, 291, 292, 293, 294, 295, 296, 297, 298, 299, 300, 301, 302, 303, 304, 305, 306, 307, 308, 309, 310, 311, 312, 313, 314, 315, 316, 317, 318, 319, 320, 321, 322, 323, 324, 325, 326, 327, 328, 329, 330, 331, 332, 333, 334, 335, 336, 337, 338, 339, 340, 341, 342, 343, 344, 345, 346, 347, 348, 349, 350, 351, 352, 353, 354, 355, 356] Buyers are encouraged to explore these listings to find the perfect property to meet their needs. [cite: 284, 285, 286, 287, 288, 289, 290, 291, 292, 293, 294, 295, 296, 297, 298, 299, 300, 301, 302, 303, 304, 305, 306, 307, 308, 309, 310, 311, 312, 313, 314, 315, 316, 317, 318, 319, 320, 321, 322, 323, 324, 325, 326, 327, 328, 329, 330, 331, 332, 333, 334, 335, 336, 337, 338, 339, 340, 341, 342, 343, 344, 345, 346, 347, 348, 349, 350, 351, 352, 353, 354, 355, 356]

Pending Sales and Closed Transactions in North Providence, RI 02904

Market Activity Insights

Analysis of Pending and Closed Sales

In Providence, RI 02904, there are several pending sales and closed transactions that provide valuable insights into the current market dynamics. [cite: 357, 358, 359, 360, 361, 362, 363, 364, 365, 366, 367, 368, 369, 370, 371, 372, 373, 374, 375, 376, 377, 378, 379, 380, 381, 382, 383, 384, 385, 386, 387, 388, 389, 390, 391, 392, 393, 394, 395, 396, 397, 398, 399, 400, 401, 402, 403, 404, 405, 406, 407, 408, 409, 410, 411, 412, 413, 414, 415, 416, 417, 418, 419, 420, 421, 422, 423, 424, 425, 426, 427, 428, 429, 430, 431, 432, 433, 434, 435, 436, 437, 438, 439, 440, 441, 442, 443, 444, 445, 446, 447, 448, 449, 450, 451, 452, 453, 454, 455, 456, 457, 458, 459, 460, 461, 462, 463, 464, 465, 466, 467, 468, 469, 470, 471, 472, 473, 474, 475, 476, 477, 478, 479, 480, 481, 482, 483, 484, 485, 486] Pending sales include a mix of property types, such as single-family homes and apartments. For instance, 13 Colton Dr, #1 is a spacious and modern 4-bedroom, 3-bath apartment with an open-concept kitchen, priced at $3,500 per month. [cite: 359, 360, 361, 362] Another pending sale at 10 Patricia Dr is a charming 3-bedroom, 1.5-bath Contemporary Raised Ranch with skylights and a fully finished basement, priced at $499,900. [cite: 362, 363, 364, 365, 366, 367, 368, 369, 370, 371]

Closed transactions also reflect