Getting ready to sell your Rhode Island home? Here’s how long you can expect it to take — and some tips on how to speed things up (and still get a great price).
- In 2022, the average time it takes to sell a home in Rhode Island — from listing through closing — is approximately 71 days. That’s 36 days to get an offer, plus the typical 35-day closing period.
- Key factors that impact Rhode Island home sale timelines include local market conditions (e.g., buyer demand, job market, rising home values, etc.), time of year, and your property’s type and condition.
- Your agent’s listing strategy (pricing, marketing, networking, etc.) and the buyer’s financing situation — i.e., the amount of time it takes for them to secure loan approval — will also influence how long your sale ultimately takes.
Read on to learn more about how long it takes to sell a house in Rhode Island and get some pro tips on how to speed up your sale, get better offers, and save thousands in the process.
Editor’s Note: The data in this article may be slightly skewed because of COVID-19’s disruptive effect on real estate trends. See the table at the end of this article to compare data from before and after the pandemic and see how drastically trends were affected in your state. |
What’s the average time to sell a house in Rhode Island?
Average Time to Sell* | Average Price* | |
|---|---|---|
National | 79 days | $425,000 |
Rhode Island | 71 days | $469,900 |
*Based on Realtor.com data (October 2022) | ||
The average time it takes to sell a house in Rhode Island is 71 days — 36 days to get an offer and an additional 35 days to close. This is approximately 10.1% faster than the national average.
Keep in mind that these are annual averages and the numbers will vary by month and/or season.
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Best time to sell a house in Rhode Island
In addition to the average days on market and list price data, we’ve compiled data on the BEST (and worst) times to sell your Rhode Island house based on what’s most important to you:
- Fastest Time to Sell: When should you list your home if you’re looking to sell quickly?
- Highest Sale Price: What month should you list in to get the best possible price for your home?
Best month to sell a house fast in Rhode Island
Month* | Days on Market* | |
|---|---|---|
Best Month | May | 24 days |
Worst Month | January | 51 days |
*Based on Realtor.com data (October 2022) | ||
The best month to sell a house fast in Rhode Island is May. The median time it takes for Rhode Island homes listed in May to sell is 24 days, which is 12 days faster than the annual average.
» READ: How to sell your house fast
Best month to sell a house in Rhode Island for price
Month* | Average Price* | |
|---|---|---|
Best Month | September | $481,975 |
Worst Month | December | $417,900 |
*Based on Realtor.com data (October 2022) | ||
The best month to sell a house in Rhode Island in terms of sale price is September. The median sale price in September is $481,975, which is 6.6% — or $29,821 — more than the annual average.
Tips to get your Rhode Island home sold
1. Utilize a comparative market analysis
A comparative market analysis (CMA) helps determine your home’s listing sales price by comparing your house to prices of similar homes sold in the area. The CMA gives you a guide on how to price your home competitively.
If you price your home too high compared to other homes in the neighborhood, buyers will overlook your home and it will stay on the market longer making it even less attractive to buyers.
On the other hand, if you price your home too low, buyers will be wary of making an offer assuming there is something wrong with the house.
2. Enhance curb appeal with the cape cod style
One of the more popular styles of homes in Rhode Island is the Cape Cod. The Cape Cod is best known for its flat front façade, centered front door with symmetrical windows on either side, slanted roof, and small front yard, usually transformed into a garden rather than simply grass.
You can spruce up your curb appeal and attract even more buyer offers by playing up the Cape Cod style. Plant native wildflowers in the front yard, paint the door a bright welcoming color, and paint the window shutters matching colors to highlight the symmetry.
3. Simple remodels and repairs
A few inexpensive improvements you can make to your home include putting on a fresh coat of paint in the bathroom and kitchen, cleaning and decluttering your home, and adding smart technology through the house.
Adding smart house features like the ability to adjust the thermostat from your phone, put the lights on a timer, or install security features like a smart lock, can add value and draw in more buyer offers.
4. Highlight your location
Make sure potential buyers know the perks of living in your home’s neighborhood. Are you close to great schools? Are you able to walk to parks, coffee shops, or a grocery store? Do you have close access to public transportation?
Especially in Rhode Island with many buyers working outside the state in Massachusetts and Connecticut, you want to highlight short commute times as well as if you’re near any major highways that make it more convenient to travel back and forth out of the state.
5. Make your home stand out with workable shutters
Rhode Island’s Cape Cod style homes all were originally built with working shutters that could open and close to help protect against the cold weather elements. While these homes still have the quintessential shutters, they’re now simply decorative.
Give your home the edge and convert your decorative shutters into working ones. Not only will it be a unique feature but can also better help insulate the home during the winter months.
Next steps for Rhode Island home sellers
If you’re looking to sell your home fast in Rhode Island and get a great price, Clever Real Estate can match you with a top local realtor from a trusted brand like Keller Williams or RE/MAX.
Clever also negotiates reduced 1% listing fees on your behalf. You'll get guaranteed full service and support from your agent, but pay a third of the 3% listing fee most realtors charge.
Importantly, home sellers who list with Clever get their first qualified offer in an average of 24.1 days* — that’s 12 days faster than the average time to offer in Rhode Island. Find a top local agent and get a 1% listing fee now!
*Average time to offer for Clever home sellers
Average time to sell a house in Rhode Island: 2019-2021
2019* | 2020* | 2021* | |
|---|---|---|---|
Average Time to Sell in Rhode Island:^ | 58 days | 54 days | 36 days |
National Average:^ | 67 days | 65 days | 48 days |
Average Listing Price in Rhode Island: | $365,579 | $396,858 | $417,550 |
National Average: | $311,707 | $334,043 | $373,644 |
Best Month for Speed in Rhode Island:^ | June, with an average of 44 days on market | September, with an average of 44 days on market | June, with an average of 29 days on market |
Best Month for Price in Rhode Island: | July, with an average sale price of $379,000 | June, with an average sale price of $424,950 | February, with an average sale price of $442,450 |