Market Intelligence · RI / Warwick

Warwick, RI 02888 Housing Market

The typical home value in Warwick, RI 02888 is $412,394, up 3.7% over the past year. The median list price sits at $420,750, with homes spending a median of 23 days on market as of September 2026.

Updated September 2026Median value$412K

The median home value in Warwick, RI 02888 is $412K as of September 2026, up 3.7% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 02888 range

$379K to $445K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+3.7% over 12 months

Sep 2025$398K

Low $398KHigh $412K

Sep 2026$412K

The numbers

What is the 02888 housing market like?

As of September 2026

Typical home value

$412K

3.7%YoY

Median list price

$421K

0.9%MoM

Days on market

15.0%MoM

Homes for sale

20.8%MoM

Price cuts

13.3%

119.3%MoM

New listings

12.5%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

02888 housing market forecast 2027

+2.1%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 02888 to rise 2.1% by September 2027.

Over the 12 months through September 2026, typical home values in 02888 rose 3.7%, per the Zillow Home Value Index.

Will home prices drop in 02888?

Zillow's forecast does not call for a drop: it expects typical home values in 02888 to rise 2.1% by September 2027, after a 3.7% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 02888 home prices compare?

02888$412,394
Warwick$413,780
Rhode Island$517,120
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Warwick: 3 ZIPs; Rhode Island: 69 ZIPs; United States: 26,262 ZIPs).

Context

Warwick's market shows steady underlying value growth, but current conditions suggest some cooling. There are 29 homes for sale with 28 new listings as of September 2026, indicating consistent supply. The median days on market of 23 suggests properties are moving at a moderate pace. About 13.3% of listings have seen a price cut, which signals that some sellers are adjusting expectations. For those considering a sale, patience and realistic pricing will likely serve you better than hoping for a quick deal.

Monthly payment

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Home price

Down payment20% · $82,479

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Common questions

What people ask us.

What is the typical home value in Warwick, RI 02888?

The typical home value is $412,394 as of September 2026, up 3.7% over the past year.

How long do homes typically stay on the market here?

The median days on market is 23 as of September 2026.

What share of homes have had their price reduced?

As of September 2026, 13.3% of listings have a price cut.

Discover

Nearby ZIP markets.

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