Cumberland, RI Market Report — April 2026

• Median Sale Price: $525,000, representing a 2.6% QoQ increase and a 1.9% YoY increase.
• Closed Sales: 27 transactions, an increase of 12.5% QoQ and YoY.
• Active Inventory: 112 units, a 47.4% surge QoQ and 64.7% increase YoY.
• Listing Velocity Ratio: 2.52, signaling that inventory is building rapidly as new listings (68) significantly outpace closings (27).
• Pricing Precision: 103.3% sale-to-list ratio, with 81.5% (22 of 27 units) closing at or above asking.
• Days on Market: Median DOM for closed sales is 24 days, a 4.3% increase (slower) QoQ.

Pricing precision remains aggressive, as evidenced by the 103.3% sale-to-list ratio. Comparing the median sale price of $525,000 to the median original list price for sold properties of $515,000 confirms that properties are consistently closing at a premium to their final asking price. Pricing stability is further supported by the median price per square foot of $291.39, confirming that current trends are broad-based rather than skewed by property-mix shifts.

Regarding momentum, the median sale price has increased for 1 consecutive month. The current $525,000 sits 1.3% above the 3-month average of $518,250 and 2.5% above the 6-month average of $512,292, confirming a steady upward price trajectory. Locally, the median sale price remains 4.0% above the Rhode Island state median of $505,000.

For Listing Agents: Leverage the 103.3% sale-to-list ratio; however, ensure your pricing reflects the recent surge in inventory to remain competitive.

For Buyer Agents: With 81.5% of sales closing at or above list price, offer terms must be disciplined and clean to succeed in this high-demand environment.

The active inventory count of 112 units reflects 68 new entries against 27 closings, driving the listing velocity ratio to 2.52. This classification of "rapidly building" inventory is confirmed by the 4.2 months of supply, which places the market in a balanced/neutral range (3–6 months). While transaction counts increased 12.5% YoY, the market is defined by the supply surge; compared to last April, active inventory is up 64.7%. New listing inflow was driven primarily by single-family homes (55 units), with 3 condos and 2 multi-family units also entering the market.

For Listing Agents: As supply rises, ensure your marketing highlights unique features to distinguish your listing from the 68 new entries this month.

For Buyer Agents: Expanding inventory—up 64.7% YoY—provides more selection, which may eventually soften the intensity of competition.

The median days on market (DOM) for closed sales is 24 days, a 4.3% slowdown QoQ, though still 7.7% faster than the state median. Inventory staleness remains low, with a median DOM for active inventory of 22.5 days. Sellers who did reduce their prices prior to closing accepted an average reduction of 5.4%.

For Listing Agents: With the median DOM at 24 days, any listing exceeding this threshold requires an immediate strategic review.

For Buyer Agents: A 24-day median DOM indicates that well-priced homes move briskly; maintain a rapid decision-making cycle.

Cumberland is currently a Balanced Market (score: 0/5), supported by the 4.2 months of supply. However, this balance is nuanced: while the 103.3% sale-to-list ratio and 81.5% share of homes selling at or above list price indicate strong seller leverage, the rapid expansion of active inventory serves as a counterweight.

For Listing Agents: Confidence in pricing remains warranted given the high sale-to-list ratio, but be mindful of the growing competition.

For Buyer Agents: You are operating in a neutral market; use the increased months of supply to negotiate favorable terms.

Cumberland shows resilient pricing momentum with 1 consecutive month of growth, with the current median price of $525,000 sitting above both the 3-month ($518,250) and 6-month ($512,292) averages. However, the inventory trajectory is shifting. The listing velocity ratio has accelerated from 1.46 in March to 2.52 currently.

Compared to last month, new listings have risen sharply, while closed sales remained steady. The median DOM for closed sales, currently 24 days, suggests a slight cooling in pace. If the current velocity ratio of 2.52 persists, months of supply will likely increase, potentially placing downward pressure on future pricing. All participants should monitor whether the spring/summer cycle absorbs the current inflow of new listings or if supply continues to outpace demand.

This report utilizes data from the RealAnalytica MLS analytics suite (riar) for the city of Cumberland, RI. This period covers 27 closed sales. Please note that "Closed Sales" and "Active Inventory" metrics are derived from distinct property populations. Medians are used to mitigate the impact of outliers. Due to the sample size of 27 closed sales, median values are subject to higher volatility compared to larger market regions. Comparisons to state benchmarks are based on aggregate Rhode Island MLS data.