Cranston Apartment Homes Market Update – February 28, 2026
Market Highlights (as of February 28, 2026)
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Average Sold Price: Over the past 12 months, apartment-style homes in Cranston have achieved an average sold price of about $335,497.
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Average Days on Market: A mid-range listing timeframe that aligns with a steadily functioning market shows up in an average listing timeframe of roughly 40.4 days from list to firm sale.
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Odds of Selling: With 75 listings sold, 3 pending, and 44 not sold, the success rate for apartment-style homes in Cranston over this period works out to about 63.9%.
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Monthly Selling Rate: The market has been processing apartment-style homes at a rate of about 6.5 apartment sales per month in Cranston.
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Months of Inventory: At roughly 2.3 months of inventory, drawn from 15 active listings and the recent selling pace, inventory sits in a mid-range band, with enough choice for buyers but no severe oversupply signal.
Time to Sell
The Time to Sell chart plots individual apartment sales in Cranston by days on market and sold price over the past 12 months, from 2025-02-28 to 2026-02-28. Each point represents one sold listing, with days on market on the horizontal axis and sold price on the vertical axis, plus reference lines showing the average sold price and a typical listing timeframe for this segment.
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In the last 12 months, most apartment listings have needed about 40.4 days on average to go firm. That figure offers a realistic sense of how long the process typically takes.
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Sales that completed in less than about 18 days sit on the faster side of the chart and often reflect well-prepared listings that were aligned with recent pricing, while sales that took longer than roughly 56.5 days illustrate cases where extra time was needed before the right buyer and price match came together.
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Across this period, the average sold price for apartment homes in Cranston has been near $335,497, and points that sit well to the right of the typical days-on-market line highlight situations where pricing, condition, or more specialized features required additional exposure before a firm sale.
Odds of Selling
The Odds of Selling chart summarizes how many apartment listings in Cranston have sold, how many are still on the market, and how many were removed without a completed sale over the past 12 months, from 2025-02-28 to 2026-02-28. It also rolls those counts into an overall estimate of the percentage of listings that ultimately reach a firm sale.
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Odds of Selling: Over this 12-month window, 75 apartment listings in Cranston sold and 3 are still working toward a firm sale, while 15 remain active and 44 came off the market without selling. Taken together, that works out to an overall success rate of roughly 63.9% for this segment.
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Monthly Selling Rate: Based on those results, the segment has been averaging about 6.5 apartment sales per month, which gives a feel for how many homes are actually changing hands in a typical month.
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Months of inventory currently sits near 2.3 months, combining the number of active listings with the recent selling rate; in practical terms, this means inventory sits in a mid-range band, with enough choice for buyers but no severe oversupply signal
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In this context, “not sold” captures listings that were terminated, expired, or withdrawn without reaching a firm sale, which helps distinguish between properties that successfully completed the moving process and those that left the market for other reasons.
Buying Pattern
The Buying Pattern chart shows how many apartment sales in Cranston were completed in each of the last 12 months, including 11 full months plus the current month-to-date, so you can see how activity has moved through the year between 2025-02-28 and 2026-02-28.
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The busiest months for closed apartment sales over this period were Mar 2025, where the bar heights sit at the top of the chart for this 12-month window.
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On the quieter side, months such as Nov 2025 and Dec 2025 sit closer to the bottom of the chart, illustrating periods where fewer apartment sales were recorded.
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Across the 12-month window, monthly closed sales ranged from about 2 to 11 deals, for a total of 75 completed sales. That lines up with the monthly selling rate of roughly 6.5 sales per month shown in the broader odds-of-selling view.
Price vs. Square Footage
The Price vs. Square Footage chart focuses on the last three months of apartment sales in Cranston, plotting each sale by interior size on the horizontal axis and sold price on the vertical axis. A trend line is overlaid to summarize how sale prices have tended to move as square footage changes in this recent sample.
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Recent closed apartment sales in this view span from around 641.6 sq. ft. through to roughly 982.1 sq. ft., and within that range the trend line suggests a moderate relationship where higher square footage has recently been associated with higher sale prices.
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The chart highlights a typical size range where many apartment homes have changed hands recently, and within that range you can see how prices step up as square footage increases. This reading comes from around 14 sales over the most recent quarter.
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Taken together with the average sold price of roughly $335,497 over the full 12-month window, the chart can be used as a directional guide: you can locate a home's square footage on the horizontal axis, follow it up toward the trend line, and get a sense of where similar recent sales have been concentrating on the price scale.
Key Takeaways
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Listing outcomes: Taken together, around 63.9% of recent apartment listings in Cranston have progressed to a sale or pending status, while the balance have left the market without selling. That highlights how closely outcomes track to both pricing strategy and how ready the home is when it hits the market.
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Seasonal rhythm: Months such as Mar 2025 have carried more closed sales, while periods like Nov 2025 and Dec 2025 have been quieter. That pattern is helpful context when deciding whether to aim for a higher-activity window or work within a slower part of the calendar.
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Size and pricing: Within the recent three-month sample, apartment sales from roughly 641.6 to 982.1 sq. ft. show a moderate relationship where higher square footage has recently been associated with higher sale prices. When estimating value for a specific home, it helps to pair that chart with the most similar recent comparables in terms of size, features, and condition.
Other Property Types in Cranston
Want to see the market trend for other property types in Cranston?
Considering a Move?
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Buying: I’ll help you zero in on the right opportunities, compare the numbers, and move with confidence in the Cranston apartment market.
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