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Is now a good time to try and buy a house in RI? Here’s what the market looks like.

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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

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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.

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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.

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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.

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“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, @WheelerReporteror reach him by email at wcowperthwaite@providencejournal.com.

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Rhode Island

Providence man arrested in connection to narcotics and firearms investigation | ABC6

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Providence man arrested in connection to narcotics and firearms investigation | ABC6


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PROVIDENCE, R.I. (WLNE) — Rhode Island State Police said a Providence man was arrested after police allegedly discovered multiple narcotics and a gun inside two residences on Sept. 23.

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47-year-old Joel Garcia was charged with possession with the intent to deliver over 1 kilogram of fentanyl, possession with the intent to deliver over 1 kilogram of cocaine, possession with the intent to deliver one ounce to one kilogram of methamphetamine, possession with the intent to deliver fentanyl, possession with the intent to deliver cocaine, possession with the intent to deliver methamphetamine, possession of a firearm while committing a controlled substance violation, unlawful possession of a firearm by a prohibited person, and distribution of a controlled substance in a school zone.

According to RISP, police received court-authorized search warrants for two residences in Providence in connection to a narcotics and firearms investigation.

Inside an apartment on Dresser Street, police allegedly seized 1.7 kilograms of fentanyl, 2.3 kilograms of cocaine, and 147 grams of methamphetamine.

Police also searched Garcia’s residence on Portland Street and allegedly seized one fully loaded pistol.

According to police, Garcia had allegedly used the apartment on Dresser Street to “store, package, and distribute large amounts of fentanyl, cocaine and methamphetamine.”

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Garcia was arrested and charged.

RISP, Providence police, Cranston police, North Providence police, Johnston police, the Drug Enforcement Administration, and the Rhode Island National Guard Counterdrug Program assisted in the investigation.





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Rhode Island

The Ocean State’s Bond With Robert Redford

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The Ocean State’s Bond With Robert Redford


Millions have been mourning the death of a cinematic icon over the last week with the passing of Robert Redford at age 89.

The award-winning actor is arguably one of the most famous of all time. With over 70 films to his credit on screen and nine he directed throughout his career, Redford’s work in cinema stands out as some of the greatest.

Though only two of Redford’s movies were ever filmed in Rhode Island, the Oscar-winning actor has a deep connection with the Ocean State.

Redford’s Family Roots Near Rhode Island

Though no Redfords actually lived in Rhode Island, Robert’s family was longtime residents of Stonington, CT and several members were born in nearby Westerly, RI.

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READ MORE: ‘Sopranos’ Star Officially Becomes a Rhode Island Resident

Throughout Robert Redford’s childhood there were visits to his grandparents in Stonington, where his grandfather worked as a milkman.

Presumably this time in Stonington meant crossing the state line into Westerly on more than one occasion in his youth and perhaps led to his love of the Rhode Island seaside in later years.

Filming The Great Gatsby in Newport

During his career, Redford came to Newport in the 1970s to film The Great Gatsby at the historic Rosecliff Mansion. Decades later he returned to Rhode Island with the science fiction film The Discovery and even wrote a thank you letter to Newport,  praising their preservation efforts in the city.

READ MORE: HGTV Says You Need to Drive This Road in Newport

Though when he did ultimately settle in New England, Redford chose Weston, CT as his home for almost two decades. He purchased a home not too far from his close friend and fellow actor, Paul Newman.

Evan Agostini/Getty Images

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Rhode Island Honors Robert Redford

Rhode Island never forgot its ties to the beloved actor however. In 2002 Redford was asked to be the commencement speaker at Brown University and that same year Trinity Repertory Company awarded him a Pell Award for Lifetime Achievement in the Arts.

Just one of the many lifetime achievement awards Robert Redford would go on to accumulate during his illustrious career.

20 Stars Who Hail From Rhode Island

Rhode Island may be the smallest state in the nation, but it has been home to many celebrities. Though some have moved here, filmed here or attended school here, only a handful were actually born here. These are those celebrities.

Gallery Credit: Nancy Hall

Academy Award and Golden Globe Winners from Massachusetts

These Massachusetts natives have taken home some of Hollywood’s top honors.

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Gallery Credit: Michaela Johnson

30 Things To Do in Newport Any Time of Year

Newport has always been seen as a summer destination. Wealthy New Yorkers used to escape the city in the hotter months for this picturesque seaside spot and the label as a summer vacation destination began.

There are, however, plenty of things to do in this historic town in any season and we’ve found a few that you may want to try the next time you head to Newport.

Gallery Credit: Nancy Hall





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GoLocalProv | Sports | VIDEO: Providence’s Lassiter Scores 44-Yard TD in Vanderbilt’s Upset Over #11 South Carolina

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GoLocalProv | Sports | VIDEO: Providence’s Lassiter Scores 44-Yard TD in Vanderbilt’s Upset Over #11 South Carolina


Sunday, September 14, 2025

 

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Zell Lassiter
PHOTO: Via Vanderbilt

Providence’s Jamezell Lassiter had a big play on a huge stage on Saturday when Vanderbilt football upset #11 South Carolina. SEE 7:25 MARK.

Lassiter, who played for the Edgewood Eagles and the Mount Hope Cowboys and attended the San Miguel School in Providence, smoked the Gamecocks on a 44-yard touchdown score.

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Vanderbilt won 31-7 over No. 11 South Carolina, snapping a 16-game losing streak between the two programs. 

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Zell Lassiter PHOTO: Vanderbilt Athletics

In 2024, GoLocal sports columnist Robert McMahon wrote about Lassiter’s journey to the top Division I program:

His athletic skills impressed his San Miguel classmates. Flag football, soccer, basketball—Jamezell could do it all. He was a natural athlete.

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But the transformation of Zell, as he likes to be called, happened in the San Miguel classroom. 

READ MORE HERE

 

 

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