Sell Your Land inRhode Island
Looking to sell land in Rhode Island? The median sale price for Rhode Island land is $212K, with 342 parcels sold statewide in the past 12 months. Whether you own a small residential lot or a large rural tract, EasyLotBuyer provides fair cash offers in 24 hours and can close in as few as 7 days — no fees, no commissions, no hassle.
Rhode Island Land Market Overview
$212K
Median Land Price
342
Sold (12 Months)
186
Active Listings
94
Avg Days on Market
$135.1M
Total Volume (12mo)
9.7%
Sell-Through Rate
$300K
Median Asking Price
+40.2%
Price Change (YoY)
The median price per acre for land in Rhode Island is $481K. Sellers are listing at a median asking price of $462K/acre versus a median sold price of $481K/acre, reflecting the typical negotiation gap between asking and closing prices. Land prices have increased 40.2% year-over-year and risen 53.6% month-over-month.
With 7.4 months of supply, Rhode Island's land market is currently a buyer's market. The 12-month absorption rate is 15.3%, indicating how quickly available inventory is being purchased. The state unemployment rate is 4.5% with a GDP of $63.5 billion, which influences local demand for land and development. The current 30-year mortgage rate of 6.18% affects financing for land purchases nationwide.
Land Prices by Acreage in Rhode Island
How land values in Rhode Island vary by parcel size, based on recent sales data.
| Acreage | Median Price | $/Acre | Sold (12mo) | For Sale | Avg DOM |
|---|---|---|---|---|---|
| Under 1 Acre | $184K | $1.2M | 216 | 96 | 68d |
| 1-2 Acres | $240K | $180K | 37 | 23 | 105d |
| 2-5 Acres | $340K | $96K | 29 | 28 | 157d |
| 5-10 Acres | $335K | $46K | 31 | 15 | 182d |
| 10-20 Acres | $438K | $25K | 14 | 6 | 101d |
| 20-50 Acres | $450K | $16K | 10 | 11 | 104d |
| 50-100 Acres | $1.6M | $18K | 2 | 3 | 14d |
| 100+ Acres | $240K | $2K | 1 | 2 | 20d |
Small parcels (Under 1 Acre) in Rhode Island sell for a median of $1.2M/acre, while larger parcels (100+ Acres) average $2K/acre — a 100% difference per acre. This per-acre discount for larger parcels is typical across most land markets.
Want to know what your specific parcel is worth?
These are county-wide averages. Your land's value depends on location, road access, utilities, zoning, and other factors. Submit your property above for a personalized cash offer based on your parcel's specific characteristics.
How to Sell Land in Rhode Island — 3 Simple Steps
Sell your Rhode Island land fast without the hassle of traditional listings. No commissions, no fees, no waiting.
Submit Your Property
Tell us about your Rhode Island land — location, size, and any details you have. No paperwork, no obligation. Takes about 2 minutes.
Get a Cash Offer
We research your property using Rhode Island market data and deliver a fair, no-obligation cash offer within 24 hours. No haggling, no surprises.
Close and Get Paid
Accept the offer and we handle everything — title work, closing coordination, attorney fees, and all closing costs. Close in as few as 7 days and receive your cash.
What Affects Land Value in Rhode Island
Understanding these key factors helps you evaluate what your Rhode Island vacant land is worth.
Location & Proximity
Land near cities, highways, and amenities commands higher prices. Remote parcels in Rhode Island may sell for less per acre but attract buyers seeking privacy or recreational use.
Road Access & Utilities
Paved road frontage and available utilities (water, electric, sewer) significantly increase land value. Landlocked parcels or those requiring well/septic typically sell at a discount.
Zoning & Permitted Use
Residential, commercial, or agricultural zoning directly impacts what a parcel is worth. Land zoned for development in growing Rhode Island markets often carries a premium.
Parcel Size
Smaller lots typically command higher per-acre prices, while larger tracts offer lower per-acre rates but higher total value. Rhode Island's most active market segment varies by county.
Sell Land in Rhode Island Without a Realtor
Compare your options for selling land in Rhode Island. Traditional listings can take months — we close in days.
Real Estate Agent | Sell By Owner (FSBO) | EasyLotBuyer | |
|---|---|---|---|
| Time to Sell | 94+ days avg | 122+ days avg | 7-14 days |
| Commission/Fees | 6-10% of sale price | Listing fees + closing costs | $0 — we pay all costs |
| Closing Costs | Transfer tax: $2.30 per $500 | Transfer tax: $2.30 per $500 | We cover everything |
| Repairs/Prep | Survey, clearing may be needed | Survey, clearing, signage | We buy as-is |
| Showings | Multiple site visits | You manage all showings | No showings needed |
| Certainty | Buyer financing may fall through | High risk of no sale | Guaranteed cash close |
Land in Rhode Island takes an average of 94 days to sell through traditional channels. By selling directly to EasyLotBuyer, you can skip the listing process entirely and close in as few as 7 days with a guaranteed cash offer.
Taxes and Closing Costs for Selling Land in Rhode Island
Capital Gains Tax
When you sell land in Rhode Island for more than you paid, the profit is subject to capital gains tax. If you've held the property for more than one year, you'll pay long-term capital gains rates (0%, 15%, or 20% federally, depending on your income).
State tax: Rhode Island has a graduated income tax from 3.75% to 5.99%. Capital gains are typically taxed as regular income at the state level.
Closing Costs in Rhode Island
Transfer Tax
$2.30 per $500
Typically paid by: seller
Recording Fees
$40-$80
When you sell to EasyLotBuyer, we cover all closing costs including transfer taxes, recording fees, title search, and title insurance. The cash offer you receive is the amount you take home.
Attorney & Closing Requirements
Rhode Island requires an attorney to be involved in real estate closings. All land transactions must be supervised by a licensed attorney.
Rhode Island requires seller disclosures for real property transfers. When you sell to EasyLotBuyer, we guide you through any required disclosures and handle all paperwork.
Mineral Rights in Rhode Island
Mineral rights typically convey with the surface in Rhode Island. If you're unsure about the mineral rights status of your property, include this information when you submit your property details and our team will research it during due diligence.
We Buy Land in Every Rhode Island County
Select your county below for local market data and a cash offer, or submit your property above.
Frequently Asked Questions About Selling Land in Rhode Island
Common questions from Rhode Island landowners considering selling their property.
You have three main options: list with a real estate agent (6-10% commission), sell by owner (FSBO), or sell directly to a land buyer like EasyLotBuyer. Traditional listings in Rhode Island take an average of 94 days to sell. With EasyLotBuyer, you submit your property details, receive a cash offer within 24 hours, and can close in as few as 7-14 days. We handle all paperwork, title work, and closing costs — you pay nothing out of pocket. Rhode Island requires an attorney at closing — we coordinate and cover this cost.