Cranston, Rhode Island Housing Market

What stands out in Cranston?

• Asking price per square foot is up 21.5% on the year: among the fastest-rising asking prices per square foot of 765 tracked cities. Sellers will price off recent gains. Comp carefully.
• 10% of sellers have cut their price: among the lowest share of price cuts of 765 tracked cities. Sellers are holding firm on price.
• 73 homes are under contract for every 100 still for sale: among the most homes under contract per listing of 584 tracked cities. Demand is strong. Expect competition on good homes.

Why is Cranston still competitive?

Cranston has 41% fewer homes for sale than in 2017–2019 at this time of year, and listings spend a median 37 days on the market, less than in 92% of the 765 cities we track. For every 100 homes still for sale, 73 are under contract. Well-priced homes will draw more than one offer. Your discount is in the listing that has sat, so set a price alert and move when a stale one gets cut.

Are Cranston price gains broad or limited to a few ZIP codes?

Asking price per square foot in Cranston is up 21.5% over the last year. Over five years the pace has been 7.3% a year. Underwrite closer to that than to the last twelve months.

How much can you negotiate in Cranston?

For every 100 homes still for sale, 73 are under contract. In 2017–2019 at this time of year it was 90. The rest are still waiting for a buyer. Few sellers are dropping their price. Asking prices are holding firm. Your discount will come from one stale listing.

Cranston listings spend a median 37 days on the market. There are 111 homes for sale in Cranston. That is 3.4 times the tightest month on record, but below the peak of 232. Supply is growing against last year.

What to do about it

• Judge each listing on its own.
• Homes listed 60+ days ago with a price cut are where your discount is.
• Fresh, well-priced homes will not move on price. Do not waste offers on them.

Is now a good time to buy in Cranston?

The median asking price is 19.6% below its Jun 2026 peak. Per square foot the gap is smaller: 4.9% below the Jul 2026 high. Part of the drop is smaller homes coming to market. Prices are rising again. Every month you wait costs money. The question is no longer when. It is which house. Cranston prices have risen in 92 of the last 111 months. Drops here have been short and shallow. Buying in a slow month has rarely hurt a long hold.

This market is turning. Which way is not settled yet. Check the monthly numbers above before you commit.

When do Cranston prices dip?

Across 9 full years, Cranston asking prices ran lowest in February, about 8.1% below the year's average. They peaked in November. The most homes for sale show up in October, about 18% above the yearly average. Shop in October for choice, and expect the softest asking prices in February.

Who will rent from you in Cranston?

In Cranston, 31 out of every 100 households rent. Most own their home. That share has held steady for five years. Renter households average 2.0 people. Singles and couples rent here. Two bedrooms beat four.

Households grew 6% in five years. The housing stock grew 1%. Demand is outrunning supply. Just 3.1% of homes sit empty. A well-priced rental fills fast here.

The median Cranston household earns $94,764 a year. Incomes here have grown 5.3% a year since 2019. Home prices have outrun incomes. Locals are being priced out. A typical home costs 5.3 times the median income. That is the national middle. Neither cash flow nor appreciation is free here. At 30% of income, a tenant on the median income can pay about $2,369 a month.

To see what one Cranston address would rent for and cash flow, run it through the app.

What numbers should you underwrite a Cranston deal with?

• Price growth to assume — +7.3%/yr. Cranston has grown about 7.3% a year for five years and for ten. That pace held before and after the 2020–2021 boom, so it is a fair long-run input. Prices rose 21.5% over the last year. Use it for timing. The five-year rate is the better guide.
• Odds you cut your price to sell — 1 in 10. 10% of Cranston listings have cut their asking price. Underwrite your exit below asking.
• Competition when you exit — +17%. Homes for sale in Cranston are up 17% on last year, so your resale faces more competition than today's comps did.

Read how the pending ratio measures demand and how we read these numbers, then run the numbers on a deal.

What is the median home price in Cranston?

The median asking price in Cranston is about $504,000 as of Sep 2026, down 3.0% from a year ago. The typical listing is 20% smaller than a year ago, and asking price per square foot is up 21.5%. So the size of homes on the market explains much of the drop. This is the asking price on homes listed for sale. Sites that report sold prices or estimated home values will show a different number. Our Cranston figures cover the 3 ZIP codes with a Cranston mailing address, which can reach past city limits.

Is Cranston a buyer's or seller's market in 2026?

Neither side has the upper hand in Cranston right now. We compare Cranston with 2017–2019 at this time of year: 10% of sellers have cut their price, against 20% then; there are 41% fewer homes for sale; there are 73 pending sales per 100 listings, against 90 then.

Are Cranston home prices going up or down?

The median asking price is 19.6% below its Jun 2026 peak. Per square foot the gap is smaller: 4.9% below the Jul 2026 high. Part of the drop is smaller homes coming to market. Prices are rising again. Every month you wait costs money. The question is no longer when. It is which house.

What price growth should I assume for Cranston?

Assume +7.3% a year. Cranston has grown about 7.3% a year for five years and for ten. That pace held before and after the 2020–2021 boom, so it is a fair long-run input. Prices rose 21.5% over the last year. Use it for timing. The five-year rate is the better guide.