Rhode Island foreclosures and housing market
How foreclosure works in Rhode Island, which counties lean to buyers or sellers, and how many homes are for sale right now.
How's the market in Rhode Island?
A strong seller's market.
Listings spent about 38 days on the market, and 13% had a price cut in October 2026.
Market figures: Realtor.com® Economic Research, October 2026. Free weekly email. Unsubscribe anytime.
Distressed properties in Rhode Island
Pre-foreclosures, auctions, bank-owned and HUD homes from county notices, with the street area instead of the house number.
Representative photoWe are not tracking properties in Rhode Island yet
Our property list covers a handful of counties so far. Leave your email for the free weekly brief, and we will note that you want property alerts for Rhode Island.
The closest place we track is Florida, with 1 property.
The Rhode Island market in October 2026
Our score compares how many listings went under contract with how many were for sale, ranked against every US county. Low scores lean to buyers, high scores to sellers.
Rhode Island market score
- Homes for sale
- 2,100
- US: 1,179,101
- Typical days on market
- 38
- US: 66
- Listings with a price cut
- 13%
- US: 21%
- Homes for sale vs pre-pandemic
- −45%
- US: −7%
- October 2026 vs the October average for 2017 to 2019.
Market score by county
Check any countyGray counties had too few listings to score. Tap a county for its full answer.
Most buyer-friendly counties
Lowest scores among counties with 50+ homes for sale.
Most seller-friendly counties
Highest scores among counties with 50+ homes for sale.
Source: Realtor.com® Economic Research, October 2026 county data. County days on market are medians. State and US figures weight each county by its homes for sale. Price-cut share is the share of listings with a price reduction.
How foreclosure works in Rhode Island
Most Rhode Island foreclosures are non-judicial.
- Main steps and notices
- For an owner-occupied primary residence of up to four units, the lender sends a mediation notice, generally within 120 days of default. Mediation takes place within 60 days.
- Notice goes to the borrower by certified mail at least 30 days before the first published notice.
- The sale is published once a week for three weeks, the first at least 21 days before.
- Catching up before the sale
- State law does not require a right to reinstate.
- After the sale
- There is no right to redeem after the sale.
- Before any of this starts
- Under federal rules, a mortgage servicer generally can't make the first notice or filing for foreclosure until the borrower is more than 120 days behind.
- Governing law
- Rhode Island General Laws § 34-27-1 et seq.
Sources
- Justia, Foreclosure laws and procedures: 50-state survey (last reviewed November 2022)
- Nolo, Foreclosure redemption period rights (state chart)
- Consumer Financial Protection Bureau, How to avoid foreclosure
General information, not legal advice.
Laws change and each case differs. Anyone facing foreclosure should talk with a local attorney or a HUD-approved housing counselor.
Go deeper
- Check any county's marketPick a county in Rhode Island and see whether it leans to buyers or sellers.
- Read the buying guidesHow to buy pre-foreclosures, auction homes, bank-owned homes, HUD homes and short sales.
- Help if you're behind on your mortgageWhere you are in the process, your options, free counselors and scam warnings.
Rhode Island questions
Is foreclosure in Rhode Island judicial or non-judicial?
Most Rhode Island foreclosures are non-judicial.
Can a homeowner get the home back after a foreclosure sale in Rhode Island?
There is no right to redeem after the sale.
Can a borrower in Rhode Island catch up on the loan before the sale?
State law does not require a right to reinstate.
Is Rhode Island a buyer's or seller's market right now?
A strong seller's market. Rhode Island scores 92 out of 100 on our market scale, where low scores lean to buyers. Listings spent about 38 days on the market, and 13% had a price cut in October 2026. Source: Realtor.com® Economic Research.
How far behind does a borrower have to be before foreclosure starts?
Under federal rules, a mortgage servicer generally can't make the first notice or filing for foreclosure until the borrower is more than 120 days behind. Source: Consumer Financial Protection Bureau.