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

Sat Jul 11 2020
This week the median list price for Portsmouth, RI 02871 is $744,500 with the market action index hovering around 35. This is an increase over last month's market action index of 32. Inventory has held steady at or around 57. 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

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Portsmouth, RI 02871

Sat Jul 11 2020
This week the median list price for Portsmouth, RI 02871 is $744,500 with the market action index hovering around 35. This is an increase over last month's market action index of 32. Inventory has held steady at or around 57. 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

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Real-Time Market Profile

Never miss important changes in the Portsmouth market.
Median List Price $744,500
Per Square Foot $345
Days on Market 171
Price Decreased 23%
Price Increased 2%
Relisted 11%
Inventory 57
Median Rent $3,200
Most Expensive $3,650,000
Least Expensive $125,000
Market Action 35
Slight Seller's Advantage

Prices in this zip code hit another all time high this week. You can see that prices continue to march higher. Look for a persistent downtrend in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength finally abating.

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
$1,897,500 4,721 1 - 2.5 acres 4 4 15 0 1 256
$967,250 2,828 0.5 - 1 acre 4 2 0 0 1 96
$649,950 2,052 0.5 - 1 acre 3 2 33 2 2 168
$354,500 1,200 0.25 - 0.5 acre 3 1 61 3 4 161