Pawtucket, RI Market Report — March 2026

• Median Sale Price: $408,000, up 3.7% QoQ (from $393,500) and 0.7% YoY (from $405,000).
• Active Inventory: 150 units, an increase of 17.2% QoQ (from 128) and 48.5% YoY (from 101).
• Closed Sales: 37 transactions, up 54.2% QoQ (from 24) but down 5.1% YoY (from 39).
• Listing Velocity: The ratio of 1.65 (61 new listings to 37 sales) signals that inventory is building rapidly.
• Days on Market: Median DOM (Closed) rose to 33 days, a 78.4% increase QoQ (from 18 days).
• Sale-to-List Ratio: 98.4%, down 1.00pp QoQ, indicating a softening in buyer negotiating power.

Pricing precision in Pawtucket shows that properties closing this month achieved a median sale price of $408,000 against a median list price at the time of sale of $420,000. The average sale-to-list ratio of 98.4% serves as the primary indicator of negotiation, confirming that buyers are generally securing properties slightly below the seller’s final asking price.

Median sale prices have increased for 1 consecutive month. The current $408,000 median sits 1.87% above the 3-month average of $400,500 and 1.77% above the 6-month average of $400,900. Because this is a single-month movement, it suggests continued price stability rather than a fundamental shift in momentum. The median price per square foot of $229.74 increased 9.5% QoQ, confirming the broad-based nature of current valuations despite minor transaction-level volatility. Compared to the Rhode Island state median sale price of $501,250, Pawtucket remains 18.6% more affordable, a critical context for practitioners managing buyer expectations.

For Listing Agents: The 98.4% sale-to-list ratio demonstrates that while market demand is stable, sellers must price precisely against recent comparable sales to avoid price reductions.

For Buyer Agents: With 43.2% of sales (16 of 37 transactions) closing at or above the current list price, competitive tension remains for well-positioned inventory; submit offers grounded in the 98.4% ratio to remain relevant.

Pawtucket’s inventory environment is undergoing a shift. The current 150 active listings reflect 61 new entries balanced against 37 closed sales. The resulting listing velocity ratio of 1.65 indicates a market where inventory is building rapidly, as new supply outpaces absorption. This results in 4.0 months of supply, characterizing a balanced/neutral market (3–6 month range).

Total sales volume grew 56.7% QoQ to $16.17M. This increase was driven primarily by the 54.2% rise in closed transactions. When compared to the same month last year, active inventory is 48.5% higher, while new listings have decreased by 12.9%. This divergence suggests that properties are remaining on the market longer, contributing to the inventory buildup.

For Listing Agents: As the months of supply sits at 4.0, sellers should expect a standard marketing window and avoid aggressive list pricing.

For Buyer Agents: The inventory surge provides an opportunity for more thorough due diligence compared to the tighter conditions observed in prior periods.

Market velocity has decelerated significantly. The median DOM (Closed) reached 33 days, a 78.4% increase QoQ. While cumulative DOM (CDOM) data is not explicitly provided, the significant rise in median DOM suggests that the days of rapid turnover are subsiding. The median days on market for active inventory sits at 19.5 days, a decrease of 51.2% QoQ, suggesting that while the backlog of older inventory exists, new listings are capturing initial interest. Sellers who reduced prices dropped their original asking price by an average of 3.7%.

For Listing Agents: Properties lingering beyond the 33-day median should be immediately reassessed, as the market is clearly cooling.

For Buyer Agents: Increased time on market allows for more leverage during the negotiation phase; prioritize inspections and clear contingencies in your offers.

The Pawtucket market is currently Balanced (Score: -1/5). This classification is supported by the 4.0 months of supply and a sale-to-list ratio of 98.4%. While 43% of homes sold at or above the list price, this is offset by the rise in median DOM (33 days), which is 53% slower than the 12-month average of 22 days.

Implications: Listing agents should prepare clients for a moderate sales cycle. Buyer agents should leverage the current 4.0 months of supply to advocate for more favorable contract terms.

The market exhibits signs of stabilization amidst building supply. With 1 consecutive month of price growth, the current $408,000 median remains 1.87% above the 3-month average ($400,500) and 1.77% above the 6-month average ($400,900). The current listing velocity ratio of 1.65—up from 1.54 in the prior month—suggests that if this pace continues, inventory levels will likely rise further in the coming period. Median DOM (Closed) is clearly on an upward trajectory, and if this trend persists, buyer urgency will continue to dampen. Compared to the same period last year, the market is navigating higher inventory levels, suggesting a more competitive environment for sellers moving forward.

Data is sourced from RealAnalytica MLS analytics via the Rhode Island Association of Realtors (riar). This report covers Pawtucket, RI, for the period 2026-03-01 to 2026-03-31. Current period activity includes 37 closed sales; medians are subject to volatility due to this small sample size. Closed sales and active inventory represent distinct property populations and are analyzed independently to ensure analytical precision.