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

Tue May 20 2025
This week the median list price for Portsmouth, RI 02871 is $1,322,000 with the market action index hovering around 45. This is about the same as last month's market action index of 45. Inventory has increased to 30. 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

Market Narrative

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Portsmouth, RI 02871

Tue May 20 2025
This week the median list price for Portsmouth, RI 02871 is $1,322,000 with the market action index hovering around 45. This is about the same as last month's market action index of 45. Inventory has increased to 30. 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

Market Narrative

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Portsmouth market.
Median List Price $1,322,000
Median Price of New Listings $0
Per Square Foot $598
Average Days on Market 89
Median Days on Market 42
Price Decreased 30%
Price Increased 0%
Relisted 13%
Inventory 30
Median Rent
Market Action 45
Strong Seller's Market

The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.

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
$4,250,000 5,187 1 - 2.5 acres 4 5.5 17 0 0 49
$1,595,000 2,698 0.5 - 1 acre 4 3.5 36 0 1 42
$1,198,750 2,562 0.5 - 1 acre 3 2.5 47 0 2 21
$627,000 1,399 0.25 - 0.5 acre 2 2 77 0 2 42