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

Sun Feb 25 2024
This week the median list price for Portsmouth, RI 02871 is $1,595,000 with the market action index hovering around 58. This is an increase over last month's market action index of 54. Inventory has decreased to 13. 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

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

Sun Feb 25 2024
This week the median list price for Portsmouth, RI 02871 is $1,595,000 with the market action index hovering around 58. This is an increase over last month's market action index of 54. Inventory has decreased to 13. 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

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 $1,595,000
Median Price of New Listings $595,000
Per Square Foot $411
Average Days on Market 118
Median Days on Market 98
Price Decreased 38%
Price Increased 8%
Relisted 23%
Inventory 13
Median Rent
Market Action 58
Strong Seller's Market

We continue to see prices in this zip code hovering around these current levels, even though they bumped up a bit this week. Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.

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
$3,995,000 10,556 2.5 - 5 acres 5 6.8 18 0 1 252
$1,699,000 3,655 0.5 - 1 acre 4 3.5 24 0 0 105
$1,550,000 3,758 0.5 - 1 acre 4 2.5 31 0 2 98
$544,000 1,780 0.25 - 0.5 acre 3 2.3 61 1 3 14