Jamestown, RI Market Report — May 2026

• Median Sale Price: $925,000 (▼ 19.5% QoQ, ▲ 0.1% YoY).
• Active Inventory: 61 listings (▲ 125.9% QoQ, ▲ 190.5% YoY).
• New Listings: 37 properties (▲ 131.2% QoQ, ▲ 146.7% YoY).
• Months of Supply: 20.3 (indicative of a strong buyer's market).
• Sale-to-List Ratio: 94.2% (▼ 5.13pp QoQ, ▼ 4.12pp YoY).
• Closed Sales: 3 units (▼ 57.1% QoQ, ▼ 25.0% YoY).

Pricing in Jamestown is experiencing a sustained correction, with the median sale price declining for 2 consecutive months. The current $925,000 median sits 29.9% below the 3-month average of $1.32M and 18.9% below the 6-month average of $1.14M, confirming significant downward momentum. Compared to the Rhode Island state median of $500,000, local pricing remains 85.0% higher.

Pricing precision is weakening, evidenced by an average sale-to-list ratio of 94.2%, indicating that buyers are negotiating roughly 5.8% off the final list price. Median price per square foot has also decreased 12.2% QoQ to $603.08, confirming that this downward trend is broad-based rather than driven by property mix changes.

Actionable Callouts:

• For Listing Agents: With a 94.2% sale-to-list ratio, sellers must align list prices with the median sold list price of $949,000; failure to price accurately at inception risks further discounting, as shown by the 12.9% average price reduction on reduced listings.
• For Buyer Agents: With 66.7% of properties selling below list price and only 33.3% at or above, buyers should use the 94.2% sale-to-list ratio as a benchmark for submitting aggressive, value-based offers.

The inventory landscape in Jamestown has shifted rapidly. The 61 active listings reflect 37 new entries against only 3 closings. This listing velocity ratio of 12.33 confirms that the market is building inventory at an aggressive pace. Total sales volume declined 58.6% compared to the prior period, driven by both a 57.1% decline in transaction volume and a 19.5% decline in median prices.

Months of supply now stands at 20.3, firmly placing Jamestown in buyer’s market territory. Property type data shows 15 single-family homes entered the market this month, with 0 multi-family units and 0 condos listed.

Actionable Callouts:

• For Listing Agents: In a 20.3-month supply environment, differentiation is critical; leverage the fact that most inventory is moving slowly to provide prospective buyers with a highly curated property presentation.
• For Buyer Agents: The inventory surge provides a significant window of opportunity to conduct thorough due diligence; capitalize on the increased depth of supply to negotiate favorable contract terms.

The median days on market (DOM) for closed sales is 34 days, a 32.0% decrease QoQ. This figure should be interpreted with caution due to the limited sample of 3 sales. The proximity of DOM to cumulative days on market (CDOM) suggests current sales were not previously lingering on the market. In contrast, current active inventory is very fresh, with a median DOM of 11 days. Sellers who reduced prices did so by an average of 12.9% from their original list price, signaling the necessity of price corrections to secure a sale. Locally, the 34-day DOM is 61.9% slower than the state benchmark of 21 days.

Actionable Callouts:

• For Listing Agents: The 12.9% average price reduction percentage suggests that sellers who hold firm on original pricing despite a 94.2% sale-to-list ratio risk extended market time.
• For Buyer Agents: While the median active DOM is 11 days, the overall supply of 20.3 months suggests low buyer urgency; prioritize asset quality over offer speed.

Jamestown is a strong buyer's market. This classification is supported by the 20.3 months of supply, a low 94.2% sale-to-list ratio, and active inventory levels 190.5% higher than last year. The primary indicator—the disparity between new listings (37) and closings (3)—confirms that buyers currently command the negotiating table. Listing agents must prepare clients for longer market exposure, while buyer agents should position their clients to demand price concessions and contingencies.

Pricing momentum remains negative, with median sale prices down for 2 consecutive months and the current price sitting 29.9% below the 3-month average of $1.32M and 18.9% below the 6-month average of $1.14M. If the current listing velocity ratio of 12.33 persists, inventory will continue to build rapidly. Compared to last month, active inventory has increased by 125.9%, signaling that buyers will likely encounter even more choices in the coming month. We anticipate that if supply continues to grow at this rate, downward pressure on pricing will be sustained.

This report utilizes RealAnalytica MLS analytics for Jamestown, RI, covering the period 2026-05-01 to 2026-05-31. The current period recorded 3 closed sales; due to this small sample size, median metrics are highly sensitive and may be volatile. All analyses, including price-to-list ratios and inventory velocity, are based on verified MLS records. State-level comparisons are provided to contextualize Jamestown’s performance against the broader Rhode Island market.