Why Live in Portsmouth
Portsmouth, Rhode Island, is a historic waterside town founded in 1638, making it the second oldest municipality in the state. With a 49-mile shoreline, it boasts the longest coastline of any town in Rhode Island. Home to nearly 18,000 residents, Portsmouth features quaint homes, unique business opportunities, and highly-rated schools such as Melville Elementary, Howard W Hathaway Elementary, Portsmouth Middle School, and Portsmouth High School. The town offers various attractions, including Escobar’s Farmhouse Inn, known for its Fourth of July fireworks and corn maze, and Highland Farms, one of the few remaining dairy farms in the state. The Portsmouth Free Public Library, celebrating its 125th anniversary in 2022, continues to be a community hub with book clubs and educational resources. McCorrie Point Beach provides a scenic spot for summer relaxation. Housing styles in Portsmouth range from Cape Cod-influenced colonial revivals to modern log cabins and split levels, with homes featuring recent updates and luxurious constructions near Narragansett Bay. East Main Road connects residents to local dining and retail destinations, such as Foodworks for breakfast and lunch and Clements’ Marketplace for grocery shopping and community events. Portsmouth is conveniently located less than 10 miles from Newport and Fall River, with downtown Providence around a 30-mile drive and New Bedford just over 20 miles away. The town also hosts Raytheon’s Seapower Capability Center, employing nearly 1700 workers.
Home Trends in Portsmouth, RI
On average, homes in Portsmouth, RI sell after 31 days on the market compared to the national average of 69 days. The median sale price for homes in Portsmouth, RI over the last 12 months is $789,000, down 8% from the median home sale price over the previous 12 months.
Median Sale Price
$789,000
Median Single Family Sale Price
$719,000
Median Townhouse Sale Price
$500,000
Median 2 Bedroom Sale Price
$750,000
Median 1 Bedroom Sale Price
$499,000
Average Price Per Sq Ft
$427
Number of Homes for Sale
10
Last 12 months Home Sales
72
Median List Price
$539,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-8%