Jamestown, RI Market Report — April 2026

• Median Sale Price decreased 39.5% QoQ to $1.15M, reflecting high volatility in a low-transaction volume environment.
• Active Inventory increased 17.4% QoQ to 27 units, signaling that supply is expanding.
• Closed Sales declined 36.4% QoQ to 7 transactions, confirming a cooling in immediate market absorption.
• Listing Velocity Ratio reached 2.29, suggesting that new listings are currently outpacing closed sales.
• Median DOM (Closed) fell 29.6% QoQ to 50 days, indicating that properties successfully closing are moving faster than in the prior period.
• Sale-to-List Ratio stands at 99.4%, providing a benchmark for listing agents to calibrate expectations on seller concessions.

The pricing landscape in Jamestown is currently volatile, with a median sale price of $1.15M—a figure 127.5% above the Rhode Island state median of $505,000. Pricing precision is tight; the alignment between the $1.15M median sale price and the $1.20M median original ask price for those same properties indicates a competitive negotiation environment. This is supported by an average sale-to-list ratio of 99.4%, showing that while list prices are highly accurate, deals are typically closing slightly below the final asking price.

Pricing momentum has shifted. The median sale price has declined for 1 consecutive month. The current $1.15M figure sits 15.4% below the 3-month average of $1.36M and is effectively level with the 6-month average of $1.16M, confirming this is a single-month movement rather than a established long-term downward trend. Furthermore, the median price per square foot increased 7.9% QoQ to $686.85, confirming that the recent drop in the median sale price is likely influenced by property mix rather than a broad-based devaluation of the housing stock.

• For Listing Agents: Use the 99.4% sale-to-list ratio to advise sellers that accurate initial pricing is critical, as buyers are successfully negotiating modest concessions.
• For Buyer Agents: With 42.9% of homes selling at or above list price, emphasize to your clients that competitive offer strategies are still required for the most desirable inventory.

Jamestown’s inventory landscape is actively changing: the 27 active listings reflect 16 new entries against 7 closings. With a listing velocity ratio of 2.29, the market is building inventory, as new listings are significantly outpacing current absorption. This is further classified as a balanced market with 3.9 months of supply, sitting between the seller’s market (<3 months) and buyer’s market (>6 months) thresholds.

In terms of volume decomposition, the total sales volume of $7.43M represents a decline of 72.7% QoQ, driven by 36.4% fewer transactions. Regarding property types, single-family homes saw 14 new listings (a 55.6% YoY increase), while no new listings were recorded for multi-family or condo units.

• For Listing Agents: The 2.29 velocity ratio suggests you must prioritize high-impact marketing to stand out as total inventory rises.
• For Buyer Agents: The 3.9 months of supply provides a more balanced environment than this time last year; take advantage of the increased inventory choice.

The median days on market for closed sales is 50 days, a 29.6% acceleration from the prior quarter. Demand remains relatively swift, as evidenced by a median days-to-pending signal that continues to drive closed transaction volume. Regarding seller capitulation, the 1.3% average price reduction indicates that when sellers do acknowledge market feedback, their price drops remain modest. Finally, median active DOM of 40 days confirms that current inventory is not yet becoming "stale," though it is moving slower than the state benchmark of 26 days.

• For Listing Agents: Target a 40–50 day sales cycle to ensure your listing remains perceived as fresh by the buyer pool.
• For Buyer Agents: The 40-day active DOM is your indicator for decision-making speed; properties staying on the market longer may present negotiation opportunities.

The Jamestown market is currently a seller-leaning balanced market. Strong supporting indicators include a 99.4% sale-to-list ratio and 42.9% of sales closing at or above asking price. However, there is a conflicting indicator: the rising inventory trend (17.4% QoQ growth) and a 3.9-month supply of inventory demonstrate that the market is pulling toward a more balanced state. Implications for listing agents are to manage expectations regarding the increasing number of competitive listings; for buyer agents, the increased supply should be leveraged to find better alignment between price and property condition.

Market momentum suggests a period of transition. With 1 consecutive month of price decline and the current median ($1.15M) sitting 0.8% below the 6-month average ($1.16M), the market is showing volatility. The listing velocity ratio of 2.29 confirms that inventory is building, and if this persists, we expect months of supply to push toward the 5–6 month range, shifting toward a buyer’s market. DOM trajectory is currently falling (50 days), but this is a lagging metric; we will monitor if the rising inventory eventually forces DOM to rise. Compared to last April, new listings are up 33.3%, reinforcing a seasonal increase in supply.

This report is based on data provided by the Rhode Island Association of Realtors (RIAR) for the city of Jamestown, covering 2026-04-01 to 2026-04-30. The analysis includes 7 closed transactions; due to this small sample size, all median metrics are volatile and should be interpreted with caution. CLOSED SALES metrics and INVENTORY metrics are derived from separate property populations and should not be used to calculate a direct price discount.