Rhode Island Single-Family Home Prices Climb 6.7% in August 2026

by Anastasia Kaufman

September 19, 2026

Rhode Island Home Prices Rise to $544K as Tight Inventory Keeps Market in Sellers’ Favor

By the Real Estate Institute of Rhode Island

PROVIDENCE, R.I. — Rhode Island’s single-family housing market continues to see price growth driven by constrained inventory, according to the August 2026 Real Estate Market Report released by the Real Estate Institute of Rhode Island.

The median sale price for a single-family home in the Ocean State rose to $544,000, marking a 6.7% increase compared to the same period last year. Despite higher home prices, total transaction activity slowed across the state. The number of completed sales dipped 3.4% to 741 transactions, while pending sales—a key indicator of upcoming market activity—dropped 7.2% to 821 properties.

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