Comprehensive market data and analysis• Updated Dec 2025
4.1 months of supply
Low inventory favors sellers with higher prices and faster sales.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 2 | 14 | 42 | 77 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 2 | 14 | 42 | 77 |
Acreage buckets
The median price for land in Providence, Rhode Island is currently $2.2M per acre. For a typical parcel, the median sale price is $188K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $43K while premium lots reached $677K.
Providence, Rhode Island is currently a seller's market with 4.1 months of supply. Buyers should be prepared to move quickly and may face competitive pricing. Prices have decreased 61.1% year-over-year.
Providence, Rhode Island currently has 4.1 months of inventory supply. This indicates a seller's market. Low supply means competition for available properties is high.
Land in Providence, Rhode Island typically sells within 42 days of listing. The median time on market is 17 days. Properties are moving quickly in the current seller's market.
The 3-month absorption rate in Providence, Rhode Island is 24.6%. The 12-month rate is 33.8%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Land in Providence, Rhode Island averages $2.7M per acre. The median price per acre is $2.2M, which may be more representative of typical transactions. Most parcels sold are around 3,920 sq ft.
The median land price in Providence, Rhode Island stands at $188K. This translates to roughly $2.2M per acre for the typical parcel size. The average price is $260K, indicating some higher-priced properties pulling up the average.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
