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 Mar 01 2021
This week the median list price for Portsmouth, RI 02871 is $989,000 with the market action index hovering around 43. This is an increase over last month's market action index of 39. Inventory has held steady at or around 29. 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.

Slight Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Portsmouth, RI 02871

Mon Mar 01 2021
This week the median list price for Portsmouth, RI 02871 is $989,000 with the market action index hovering around 43. This is an increase over last month's market action index of 39. Inventory has held steady at or around 29. 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.

Slight Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Portsmouth market.
Median List Price $989,000
Per Square Foot $406
Days on Market 84
Price Decreased 17%
Price Increased 0%
Relisted 3%
Inventory 29
Median Rent $2,750
Most Expensive $7,975,000
Least Expensive $289,900
Market Action 43
Slight Seller's Advantage

In the last few weeks we’ve seen prices in this zip code bouncing around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate 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
$3,495,000 5,056 2.5 - 5 acres 5 6 42 0 1 231
$1,650,000 3,516 0.5 - 1 acre 4 4 17 0 1 98
$649,000 1,791 0.25 - 0.5 acre 3 2 61 2 2 21
$364,000 1,179 0.25 - 0.5 acre 3 1 71 0 2 45