Warwick Housing Update: Prices Climb, Sales Pace Shifts
Warwick, RI – March 9, 2026 – Home prices remain elevated as inventory improves statewide and buyer activity shows mixed signals heading into spring.
Top takeaways
- Median sale price in Warwick reached about $468K in January, up more than 20% year over year.
- Statewide data shows inventory rising from a year ago, though supply remains tight.
- Homes are taking longer to sell compared to early 2025.
Market snapshot
The Warwick housing market remains competitive as the spring season approaches. According to Redfin, the median sale price in January 2026 was approximately $467,500, a 21.4% increase from a year earlier. Homes sold in an average of about 45 days, slower than the prior year, suggesting buyers are taking more time even as prices stay elevated.
Statewide figures released by the Rhode Island Association of Realtors for March 2025 show single-family median prices at $480,000, up 9.1% year over year, while the number of homes on the market rose nearly 30% from the previous year. In Warwick specifically, 69 single-family homes sold in March 2025, with a median price of $446,500, an 11.65% annual increase.
What’s for sale and rent
Active listings range from smaller homes in neighborhoods like Gaspee Point and Oakland Beach to higher-priced properties in areas such as Wakefield Hill. Marketplaces show a mix of new listings and homes that have remained on the market for several weeks, reflecting a more balanced pace than the frenzied conditions seen in prior years.
On the rental side, RentCafe reports the average apartment rent in Warwick at $1,978 as of February 2026, up 4.76% from a year earlier. Two-bedroom units average just over $2,100 per month, underscoring ongoing affordability pressures for renters.
Outlook
Rising inventory across Rhode Island may gradually ease competition, but price growth in Warwick indicates continued demand. With mortgage rates still hovering in the mid-6% to 7% range statewide in recent reporting, affordability remains a central issue for buyers.
Are you seeing more listings or more competition in your neighborhood this month?
Sources
https://www.redfin.com/city/18869/RI/Warwick/housing-market
https://www.rirealtors.org/news/2025/04/22/press-release/r.i.-housing-supply-grows-in-march/
https://www.rhodeislandliving.com/RealtorResources/SalesStats/Documents/Mar25-Single-byTown.pdf
https://www.rentcafe.com/average-rent-market-trends/us/ri/warwick/
https://www.zillow.com/warwick-ri/