Pawtucket, RI Market Report — May 2026

• Median Sale Price: $417,500 (▲ 9.2% QoQ; ▲ 1.8% YoY).
• Active Inventory: 207 units (▲ 24.7% QoQ from 166; ▲ 111.2% YoY from 98).
• Median DOM (Closed): 12 days (▼ 38.5% QoQ from 20 days; ▼ 36.8% YoY from 19 days).
• Sale-to-List Ratio: 102.3% (▲ 1.46pp QoQ; ▼ 0.20pp YoY).
• Closed Sales: 36 units (— 0.0% QoQ; ▼ 29.4% YoY from 51 units).
• New Listings (Single Family): 49 units (▼ 12.5% QoQ).
• New Listings (Multi-Family/Condo): 8 Multi-Family units and 2 Condo units.

Pawtucket’s pricing reflects aggressive competition, with a Median Sale Price of $417,500 relative to a Median Sold List Price of $399,900. The Avg Sale-to-List Ratio of 102.3% confirms that buyers are frequently bidding above the current asking price to secure properties.

Regarding momentum, the Median Sale Price has increased for 1 consecutive month. The current $417,500 sits 3.7% above the 3-month average of $402,667 and 4.7% above the 6-month average of $398,833, confirming sustained upward pressure. Local pricing remains 16.5% below the Rhode Island state median of $500,000. Price per square foot at $250.92 remains stable, indicating that valuation trends are broad-based.

For Listing Agents: The 102.3% sale-to-list ratio confirms that buyers are incentivized by the competitive climate; price accurately against recent comps to capture this demand.

For Buyer Agents: With 83.3% of properties selling at or above list price, ensure your clients are prepared for immediate, high-stakes negotiations.

Active inventory increased to 207 units, driven by 78 new listings against 36 closings. Total sales volume of $14.88M declined 29% YoY, driven primarily by 29.4% fewer transactions, as median price growth remained relatively flat at 1.8% YoY.

The Listing Velocity Ratio of 2.17 signals that inventory is building rapidly. With 5.8 months of supply, the market is currently in a balanced, neutral state (3–6 months). Compared to last May, when inventory was significantly tighter, the current level of 207 listings marks a substantial shift.

For Listing Agents: With months of supply approaching the 6-month threshold, sellers should prioritize presentation to stand out in an increasingly crowded market.

For Buyer Agents: Elevated inventory levels provide more options than were available in previous months; utilize this to negotiate on properties that have sat for the market median.

The Median DOM (Closed) of 12 days demonstrates a high-velocity market, significantly faster than the state benchmark of 21 days. Comparing the Median DOM (Closed) of 12 days to the Median CDOM (Closed) of 12 days indicates that sellers are not broadly relying on relists to reset marketing clocks. Furthermore, the Median DOM (Active) of 12 days indicates that current inventory is not yet experiencing high levels of "staleness." The Avg Price Reduction of 3.7% indicates that sellers who adjust pricing are making only marginal concessions to finalize sales.

For Listing Agents: The market speed requires absolute readiness; ensure listing materials are polished and inspections are pre-planned.

For Buyer Agents: The rapid turnover underscores the necessity for pre-approved, ready-to-close financing.

The market is currently Seller-Leaning, though it occupies the balanced end of the spectrum. This assessment is supported by a strong 102.3% sale-to-list ratio and 83% of sales closing at or above asking price. However, the rapidly rising inventory and 5.8 months of supply suggest a potential cooling in seller leverage. While demand remains aggressive, the transition toward a more neutral market is evident.

For Listing Agents: Leverage the remaining strength in pricing, but prepare sellers for a longer marketing window if the listing velocity remains at current levels.

For Buyer Agents: Increased months of supply offers a tactical advantage; search for listings that have exceeded the 12-day median DOM to find negotiating room.

Price trajectory shows upward momentum, with 1 consecutive month of growth and the current price ($417,500) sitting 3.7% above the 3-month average ($402,667) and 4.7% above the 6-month average ($398,833). Inventory is growing; the listing velocity ratio of 2.17 indicates that if this persists, months of supply will likely increase. Compared to last May, closed sales are down 29.4%, a persistent trend indicating shallower market depth. If the current inventory accumulation continues without a corresponding increase in demand, we expect the market to continue its drift toward a balanced state.

This report uses RealAnalytica MLS analytics (RIAR) for Pawtucket, RI. Data covers 2026-05-01 to 2026-05-31. Metrics reflect 36 closed sales. As this sample size is limited, median values are subject to volatility. Closed sales and active inventory represent distinct property populations and are not cross-comparable.