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 Apr 28 2026
This week the median list price for Portsmouth, RI 02871 is $1,485,000 with the market action index hovering around 40. This is an increase over last month's market action index of 39. Inventory has increased to 30. 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

Market Narrative

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyers market, this price trend may be a result of improved quality of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Portsmouth, RI 02871

Tue Apr 28 2026
This week the median list price for Portsmouth, RI 02871 is $1,485,000 with the market action index hovering around 40. This is an increase over last month's market action index of 39. Inventory has increased to 30. 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

Market Narrative

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyers market, this price trend may be a result of improved quality of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Real-Time Market Profile

Never miss important changes in the Portsmouth market.
Median List Price $1,485,000
Median Price of New Listings $1,602,250
Per Square Foot $547
Average Days on Market 90
Median Days on Market 53
Price Decreased 10%
Price Increased 0%
Relisted 17%
Inventory 30
Median Rent
Market Action 40
Slight Seller's Advantage

You can see that prices in this zip code are marching upward and that we’re getting close to the market’s all time high. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

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
$2,787,250 3,962 0.5 - 1 acre 3 4.8 22 2 0 56
$1,799,000 3,740 6,500 - 8,000 sqft 3 3 21 0 0 56
$1,275,000 2,104 8,000 - 10,000 sqft 3 2.5 58 0 2 66
$599,900 1,344 6,500 - 8,000 sqft 3 1.5 54 2 0 28