Why Live in Olneyville
Olneyville, located 2 miles west of Providence, Rhode Island, is a neighborhood rich in history and culture. Originally farmland in the late 18th century, it evolved into a bustling textile hub, and today, its historic mills and warehouses have been repurposed into apartments, offices, and art studios. The area is known for its vibrant art scene, public art displays, and a variety of dining options. Local favorites include the iconic Olneyville New York System, famous for its wieners and coffee milk, and Mexican eateries like La Lupita Tacos Mexicanos and Mi Ranchito Restaurant. For entertainment, residents enjoy playing pool at Nolan's Corner Pub, browsing books at Riffraff Bookstore + Bar, and attending live shows at Fete Music Hall. Outdoor activities are centered around Donigain Park, which offers a playground, sports fields, walking trails, and access to the Woonasquatucket River for kayaking. The Woony River Greenway Bike Path also provides a scenic route to Providence. The neighborhood has a mix of renters and homeowners, with many living in converted historic buildings that retain original design elements. Olneyville is conveniently located near downtown Providence and TF Green International Airport, about 10 miles away, with various public transportation options available.
Home Trends in Olneyville, RI
On average, homes in Olneyville, Providence sell after 44 days on the market compared to the national average of 51 days. The median sale price for homes in Olneyville, Providence over the last 12 months is $363,000, up 53% from the median home sale price over the previous 12 months.
Median Sale Price
$363,000
Median Single Family Sale Price
$372,500
Median Townhouse Sale Price
$463,900
Median 2 Bedroom Sale Price
$511,000
Median 1 Bedroom Sale Price
$272,250
Average Price Per Sq Ft
$240
Number of Homes for Sale
3
Last 12 months Home Sales
11
Median List Price
$387,500
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
53%