Custom Rhode Island Market Report

Portsmouth, RI 02871

Single-Family Homes

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



Portsmouth, RI 02871

Thu Jan 17 2019
This week the median list price for Portsmouth, RI 02871 is $589,000 with the market action index hovering around 29. This is an increase over last month's market action index of 28. Inventory has held steady at or around 69. Click here to stay informed with the Portsmouth market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Buyer's Advantage

Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.

Portsmouth, RI 02871

Thu Jan 17 2019
This week the median list price for Portsmouth, RI 02871 is $589,000 with the market action index hovering around 29. This is an increase over last month's market action index of 28. Inventory has held steady at or around 69. Click here to stay informed with the Portsmouth market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Buyer's Advantage

Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Portsmouth market.
Median List Price $589,000
Per Square Foot $274
Days on Market 154
Price Decreased 33%
Price Increased 1%
Relisted 22%
Inventory 69
Median House Rent $2,750
Most Expensive $3,850,000
Least Expensive $119,900
Market Action Index
Slight Buyer's Advantage
29

We continue to see prices in this zip code bounce 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
$1,495,000 3,466 1 - 2.5 acres 4 3 14 0 3 220
$629,900 2,614 0.5 - 1 acre 3 2 30 0 1 175
$499,900 1,922 0.5 - 1 acre 3 2 60 1 3 101
$287,450 1,001 8,000 - 10,000 sqft 2 1 66 2 1 120