02881 Housing Market Report February 2025•Washington County, Rhode Island

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Housing Prices in 02881, RI

How much do homes in 02881, RI cost?

Median List Price

Median List Price
This is the middle price for which all homes in a given area are listed. Half of all the homes sold were below this price, and half were above.
$650,000$333/SqFt
+$50,100
+8.4%

Based on all homes listed in the last 12 months

Insight

The list price of homes in 02881 has increased by 8.4% since last year.

Summary: The median home list price in 02881 was $650,000 in February 2025, up 8.4% from the previous year, and the median price per square foot was $333.

Median List Price By Zip Codes

Median List Price By Zip Codes
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
02879
+16.5%
02881
+8.4%
02892
-7.6%
02874
-12.9%

Median List Price By Bedrooms

Median List Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsFeb 2024Feb 2025Change YoY
1-$335K
N/A
2$387K$585.5K
+51.3%
3$599K$649.9K
+8.5%
4$704.9K$812.4K
+15.3%
5$885K$695K
-21.5%

Summary: 02881 housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +51.3%. The home price for 3 bedroom homes increased by +8.5%. The home price for 4 bedroom homes increased by +15.3%. The home price for 5 bedroom homes decreased by -21.5%.

Housing supply in 02881, RI

How many homes are available in 02881, RI?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
5Last MonthFeb 2025
32 months agoJan 2025
+66.7 %
Change MoMJan – Feb

Summary: The 02881 real estate market had 5 homes for sale in Feb 2025, a 66.7 % increase compared to Jan 2025.

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJan 2025Feb 2025Change MoM
100
0.0%
200
0.0%
324
+100.0%
411
0.0%
500
0.0%

Summary: 02881 housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +100.0%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in 02881, RI cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price0 Home

Under Asking Price1 Home

Insight

If you're buying a home in 02881, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 02881 in February 2025, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.

Days on Market for 02881, RI

How long does it take to sell a home in 02881, RI?

Breakdown of Home Sale Times

Under 30 Days1 Home

30 – 90 Days0 Home

Over 90 Days0 Home

Insight

Many homes in 02881 are selling fast, if you're buying plan to act quickly.

Summary: During February 2025, 1 homes were sold in 02881; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Listing Age

Average Listing Age
This is the average number of days an active home has been on the market.
This Year1 year agoChange YoY
32 DaysThis YearFeb 2025
117 Days1 year agoFeb 2024
-72.6 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in 02881 had an average listing age of 32 days in Feb 2025, down by 72.6% compared to the previous year.

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Newest Listings in 02881, RI

What homes are available in 02881, RI?

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Nearby markets

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MLS Disclaimers and Copyright

Based on information from Rhode Island State Wide MLS, for the period 03/01/2023 - 03/01/2025

Disclaimer: The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than this broker are marked with the MLS logo and detailed information about them includes the name of the listing brokers. The purchase price of housing stock as shown on this website may vary depending on factors such as fees, commissions, price negotiations, home inspection results, market conditions, etc. This website in no way warrants or represents that submitting an offer to purchase a property for the list price will result in a sale at that price. Please consult with your REALTOR® to discuss how these variations may affect your real estate transaction. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable, but is neither guaranteed nor independently verified. Interested parties must make their own inquiries. Copyright © 2025 State-Wide MLS, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/10/2025, 10:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.