Rhode Island
Is now a good time to try and buy a house in RI? Here’s what the market looks like.
The median multi-family price nearly hit $600,000 in September
Narragansett church undergoes redesign to become 2 million-dollar homes
The Boon Street Church revival both stands out from and blends into the surrounding Narragansett neighborhood.
David DelPoio, The Providence Journal
For the past two months and leading up to the presidential election, real estate agent Bryan Quinlan has seen the housing market slowing down, with fewer listings and more houses sitting on the market for longer.
Now that the uncertainty over the next president is gone, things are starting to pick up, he said. Quinlan is with Keller Williams Realty Leading Edge.
The latest numbers from the Rhode Island Association of Realtors on home sales match what Quinlan saw: decreased sales with a stagnant median selling price.
The median single-family home price hit its highest level in June 2024, at $494,000, lowering to $485,000 in September and October.
During the summer, the number of single-family home sales was higher, 812 in July, 804 in August, before slipping back down in September to 691 and in October at 680.
The latest housing numbers for October show more inventory than last winter, with 1,322 houses listed for sale compared to between 822 and 917 listed from December 2023 to March 2024.
The price remains high, although how much higher prices will go is an open question.
Houses continue to sit on the market for longer than they did earlier in the summer:
- 31 days in August, September and October
- 27 days in May
- 23 days in June
- 18 days in July
What are they saying? “We’re seeing homeowners who are tapping into their equity and 401K and competing for properties with first-time home buyers without those luxuries,” Rhode Island Association of Realtors President Chris Whitten wrote in a news release. “Many are cash buyers who are downsizing or buying a second home. It’s tough for younger buyers to compete with that.”
The solution to high prices, the lack of inventory, and the lack of diverse inventory, which would allow empty nesters to downsize or growing families to upsize, is to build more housing. To that end, his association will be “working closely with legislators who are willing to help remove barriers to building and enable the creation of more homes,” Whitten wrote.
What’s happening in the multi-family market?
In the multi-family market, median prices hit a new record high of $595,000 in September before sinking down to $560,000 in October. The multi-family and condo markets can be a little skewed with median prices because of the lower volume of sales and inventory, with 125 multi-family houses sold in September and 143 sold in October.
For the sake of comparison, 691 single-family homes sold in September and 680 in October.
The multi-family market remains hot, with an average of 23 days on the market in September and 26 days in October.
“There’s always demand for multi-family houses,” Quinlan said. “Even when I got into real estate eight years ago, there was always high demand compared to single-family houses, in a slower market. You can sell any multi-family easily for half a million, and it doesn’t matter the condition so long as it’s rentable.”
Is this the new normal? Quinlan said prices will likely eventually stagnate within the next two years but the lack of inventory keeps pushing prices higher and higher, even as higher prices and mortgage rates shrink the pool of potential buyers.
“Maybe it’s not a 5% increase, as it depends on the economy and the new president as well,” Quinlan said.
What’s going on in the condo market?
Historically the type of place where people who can’t afford to buy a single-family house would look, condos are a little cheaper than their single-family counterparts in terms of absolute price, but the median price is subject to more variability because of the low number of sales, 183 in October and 178 in September, and how some segments of the market sell for millions.
In October, the median condo price was $355,000, down from $427,450 in September and up from $330,000 in August. The peak median condo price was September, followed by July at $395,000.
Thanks to our subscribers, who help make this coverage possible. If you are not a subscriber, please consider supporting quality local journalism with a Providence Journal subscription. Here’s our latest offer.
Follow Wheeler Cowperthwaite on X, @WheelerReporter, or reach him by email at wcowperthwaite@providencejournal.com.
Rhode Island
GoLocalProv | News | NEW: RI Woman Previously Arrested 100 Times Charged in Death of Pedestrian
Saturday, December 06, 2025
PHOTOS: Hopkinton Police
Hopkinton Police announced on Saturday that it responded to a one-car motor vehicle accident in the area of 42 Spring Street (Route 138), Hope Valley. When Officers arrived on the scene, they discovered that a pedestrian walking his dogs had been struck by the vehicle.
The woman charged in the incident had previously been arrested 100 times.
GET THE LATEST BREAKING NEWS HERE — SIGN UP FOR GOLOCAL FREE DAILY EBLAST
Police said in a statement, “At this time, it is believed that the motor vehicle, driven by 41-year-old Shannon N. Godbout of 332 Canonchet Road, Apt. 203 was traveling eastbound on Spring Street when she left her lane and struck several objects, including two telephone poles and a pedestrian walking his dogs on the shoulder of the eastbound Lane.
The pedestrian victim has been identified as 70-year-old Roderick Macleod, who resided at 12B Pleasant Street, Richmond, Rhode Island. Macleod was transported to Rhode Island Hospital by Hope Valley Ambulance.
Macleod died from his injuries.
“At the scene of the accident, Officers discovered that Shannon N. Godbout was in possession of numerous illegal narcotics and packaging materials commonly associated with drug distribution. She was placed under arrest at the scene and subsequently transported to Westerly Hospital for medical evaluations by Ashaway Ambulance.
This accident is currently under investigation with assistance from the Rhode Island State Police Accident Reconstruction Team,” said the Police.
Shannon N. Godbout is facing preliminary charges for the following criminal offenses:
– Driving to endanger, resulting in death
– Possession of narcotics, Schedule I/II with intent to distribute, 3rd plus offense
Shannon N. Godbout will be scheduled to appear before a Justice of the Peace and presented to the Rhode Island Attorney General’s Office as a criminal violator for past charges for which she is currently on suspended sentences/probation.
The investigation is ongoing, and additional charges may be brought against Godbout as further evidence is gathered.
100 Arrests
Hopkinton Police cite:
– Godbout’s criminal history includes over 100 arrests, with 8 of them from the Hopkinton Police Department.
– 82 court warrants have been issued for Godbout previously.
– Godbout has received 40 traffic citations, with 7 of them issued by Hopkinton Police.
Related Articles
- New York Man Arrested With Nearly 50 Pounds of Marijuana on Rt 95 in Hopkinton
- RI DEM Announces Protection of 30 Acres of Forestland in Hopkinton
- Hopkinton Welcome Center on I-95 Cancelled
- #13 Hopkinton: RI’s Best Communities 2013
- Nature Conservancy Adds to Protected Land in Hopkinton
- Hopkinton #6: RI’s Best Communities 2012
- RI DEM to Protect 58 Acres of Hopkinton Forestland for Recreational Use
- Nancy A. (Arruda) Heinold, of Hopkinton, Passes at 85
- Thomas Lee Andrews, of Hopkinton, Dies at 56
- John E Ruggieri of Hopkinton Dies at 84
- Donald P. Allaire, of Hopkinton, Dies at 77
- Navy Veteran, James B. Case, of Hopkinton, Passes at 86
- Daniel & Theresa Pelletier, of Hopkinton, Die Together in House Fire
- William L. Stamp, Jr., of Hopkinton Dies at 68
Enjoy this post? Share it with others.
WATCH: URI and Brown coaches speak postgame on Dec. 2, 2025
The Rhode Island Rams beat the Brown Bears on Tuesday, Dec. 2, 2025.
PROVIDENCE — Rivalry week in Rhode Island continues.
It’s the best week of the year as the state’s college basketball teams play each other and no matchup is bigger than Rhode Island vs. Providence. The Providence Journal’s Jacob Rousseau and Bill Koch are downtown today to cover the day.
Tip is set for noon at the Amica Mutual Pavilion.
It’s the 135th matchup between the in-state rivals with Providence leading the all-time series, 77-57. Rhode Island won last year’s game, 69-63, in Kingston. Rhode Island hasn’t won in Providence since Dec. 7, 2002, when it captured a 73-71 victory.
Follow along for live updates from the game!
Live updates from Rhode Island vs. Providence men’s basketball
11 a.m. — Both teams have taken the courts for warm ups now. Students have started to trickle into their sections in the AMP’s endzones. We’re just over an hour before tip in this rivalry matchup.
10:36 a.m. — Providence’s Duncan Powell is on the court warming up with a mask. The forward hasn’t played since Nov. 14 with a facial injury. Kim English said, after the Friars’ win vs. FDU, that Powell could be available today.
9:45 a.m. — We’re here bright and early at Amica Mutual Pavilion. Broadcast crew from TNT — operating as TruTV this afternoon — getting settled.
Officials for this matchup are Lamar Simpson, Greg Evans and Tim Clougherty. Simpson and Clougherty were on the whistle Friday night at Pizzitola Center, a 75-56 win for Brown over Bryant. Evans has been off since Wednesday night, a Sacred Heart road win at Mount St. Mary’s.
Central Michigan will play in Detroit’s GameAbove Sports Bowl
Are the San Francisco 49ers playing today? NFL Week 14 schedule, matchups, teams on a bye
Former Texas Rangers, Dallas Stars owner Tom Hicks dies at 79
What Happened The Last Time Miami Visited Kyle Field?
Endangered whale that traveled 3,000 miles from Ireland spotted off Boston’s coast
Florida High School Football Rankings: Top 25 teams – Oct. 21
Cleary's 21 help Le Moyne down Central Connecticut State 69-64 in OT
How old is Bo Nix? What to know about Oregon quarterback ahead of 2024 NFL Draft
99th annual Pony Swim held in Virginia
Video: ‘It Didn’t Have to Happen This Way:’ U.Va. Faculty Call for Review of Police Response to Protests
Congress faces holiday crunch as health care fix collides with shrinking calendar
European Greens declare Usula von der Leyen`’s EPP enemy number one
National parks fee-free calendar drops MLK Day, Juneteenth and adds Trump’s birthday
Map: 7.0-Magnitude Earthquake Shakes Alaska
Hegseth hints major defense spending increase, reveals new details on Trump’s anti-narcoterrorism operations
-
Politics5 days agoTrump rips Somali community as federal agents reportedly eye Minnesota enforcement sweep
-
Ohio3 days agoWho do the Ohio State Buckeyes hire as the next offensive coordinator?
-
News5 days agoTrump threatens strikes on any country he claims makes drugs for US
-
World5 days agoHonduras election council member accuses colleague of ‘intimidation’
-
Texas1 day agoTexas Tech football vs BYU live updates, start time, TV channel for Big 12 title
-
Alaska1 day agoHowling Mat-Su winds leave thousands without power
-
Politics5 days agoTrump highlights comments by ‘Obama sycophant’ Eric Holder, continues pressing Senate GOP to nix filibuster
-
Politics6 days agoWar Sec Pete Hegseth shares meme of children’s book character firing on narco terrorist drug boat