This Week's Real Estate Market Report

Portsmouth, RI 02871

Single-Family Homes

The Hogan Associates Real Estate Team | 401-845-9500 | info@hoganassociatesre.com



Portsmouth, RI 02871

Mon Jan 24 2022
This week the median list price for Portsmouth, RI 02871 is $884,450 with the market action index hovering around 52. This is an increase over last month's market action index of 49. Inventory has increased to 28. Click here to stay informed with the Portsmouth market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Portsmouth, RI 02871

Mon Jan 24 2022
This week the median list price for Portsmouth, RI 02871 is $884,450 with the market action index hovering around 52. This is an increase over last month's market action index of 49. Inventory has increased to 28. Click here to stay informed with the Portsmouth market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Portsmouth market.
Median List Price $884,450
Median Price of New Listings $844,450
Per Square Foot $416
Average Days on Market 73
Median Days on Market 56
Price Decreased 18%
Price Increased 4%
Relisted 7%
Inventory 28
Median Rent
Market Action 52
Strong Seller's Market

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,595,000 3,478 0.25 - 0.5 acre 4 3.5 0 1 0 140
$1,250,000 3,108 6,500 - 8,000 sqft 4 3.5 0 2 1 14
$799,000 1,356 0 - 4,500 sqft 3 2.5 72 1 3 70
$305,000 1,204 8,000 - 10,000 sqft 3 1 82 2 3 21