Rhode Island Luxury & Coastal Real Estate Market Report
Authoritative quarterly analysis of median luxury sale prices, price-per-square-foot benchmarks, municipal property tax rates, and cash buyer absorption across East Greenwich, Newport, Narragansett, Watch Hill, and The East Bay.
Rhode Island Luxury Micro-Market Performance Ledger
Filter by region or search by municipality to compare median luxury sale prices, price per square foot, average days on market, cash buyer share, and current FY municipal property tax rates.
East Greenwich & Cowesett
+8.2% YoY
$1,385,000
$412 / SqFt
18 Days
$16.35 / $1K
Executive Takeaway: Driven by Rhode Island’s top-ranked public school system and Greenwich Bay waterfront access, Cowesett and Hill District estates command 99.1% list-to-sale velocity from Boston and NY relocators.
Newport & Ocean Drive
+9.6% YoY
$2,450,000
$785 / SqFt
29 Days
$7.93 / $1K
Executive Takeaway: Over 61% of Newport luxury transactions closed all-cash in Q4. Historic Hill, Kay/Catherine, and Ocean Drive compounds see intense off-market and international BHHS buyer competition.
Narragansett & Bonnet Point
+8.9% YoY
$1,890,000
$640 / SqFt
22 Days
$8.17 / $1K
Executive Takeaway: Led by our $3.85M record sale on Bonnet Point Road, turnkey oceanfront and coastal point residences continue to set record price-per-square-foot benchmarks with low carrying taxes.
Watch Hill & Westerly
+11.1% YoY
$3,950,000
$1,120 / SqFt
34 Days
$8.56 / $1K
Executive Takeaway: Watch Hill and Weekapaug remain New England’s premier ultra-prime coastal enclave, with 74% all-cash buyer representation from Tri-State and family-office purchasers.
North Kingstown & Wickford
+6.8% YoY
$1,195,000
$388 / SqFt
20 Days
$13.54 / $1K
Executive Takeaway: Historic Wickford Village, Saunderstown, and Pojac Point waterfront estates continue to attract yachting families seeking deep-water Narragansett Bay moorings.
South Kingstown & Charlestown
+7.5% YoY
$1,275,000
$465 / SqFt
21 Days
$7.08–$10.30
Executive Takeaway: Salt pond waterfrontage across Quonochontaug, Ninigret, Green Hill, and Matunuck benefits from some of Rhode Island’s lowest municipal tax rates and CRMC dock scarcity.
Providence (East Side & College Hill)
+7.9% YoY
$1,340,000
$430 / SqFt
16 Days
$10.46 / $1K
Executive Takeaway: Historic architectural homes along Benefit Street, Freeman Plat, and Blackstone Boulevard experience the fastest absorption in the state (16 median DOM) driven by Boston Amtrak & Brown/RISD demand.
Bristol, East Bay & West Greenwich
+7.1% YoY
$1,310,000
$425 / SqFt
19 Days
$11.88 / $1K
Executive Takeaway: Poppasquash Point waterfront estates in Bristol and gated acreage compounds in West Greenwich attract buyers seeking privacy, harbor views, and multi-acre equestrian land.
Unlock the Full Q4 Rhode Island Luxury Market Report
Prepared by Principal Broker Allen Gammons and The Gammons Team research desk, our complete quarterly dossier provides institutional-grade data for Rhode Island homeowners, buyers, and family-office advisors:
- 39-Municipality Tax & Conveyance Ledger: Complete FY residential & non-resident property tax rates plus the new RI over-$800K statutory conveyance tax calculation.
- Off-Market & Whisper Sale Volume: Analysis of private pocket transactions closed outside public MLS across Newport, Narragansett, Watch Hill, and East Greenwich.
- Waterfront & CRMC Dock Valuation Multipliers: How deep-water dockage, flood zone elevation, and shoreline frontage impact price per square foot.
- 2027 Rhode Island Luxury Price Forecast: Inventory supply curves and interest-rate sensitivity across $1M–$10M+ price brackets.