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 18 2021
This week the median list price for Portsmouth, RI 02871 is $1,099,000 with the market action index hovering around 53. This is about the same as last month's market action index of 53. Inventory has decreased to 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.

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

Tue May 18 2021
This week the median list price for Portsmouth, RI 02871 is $1,099,000 with the market action index hovering around 53. This is about the same as last month's market action index of 53. Inventory has decreased to 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.

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 $1,099,000
Median Price of New Listings $474,450
Per Square Foot $412
Average Days on Market 135
Median Days on Market 49
Price Decreased 17%
Price Increased 3%
Relisted 14%
Inventory 29
Median Rent $5,500
Market Action 53
Strong Seller's Market

Recently prices in this zip have settled at a plateau even though they dipped this week. Look for a persistent up-shift in the Market Action Index before we see prices significantly 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
$3,495,000 4,800 1 - 2.5 acres 5 5 15 1 0 203
$1,650,000 3,459 1 - 2.5 acres 4 4 14 1 1 175
$624,900 2,176 0.25 - 0.5 acre 4 2 36 3 2 42
$334,450 1,130 0.25 - 0.5 acre 2 1 81 5 3 0