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
Mon Mar 01 2021
This week the median list price for Portsmouth, RI 02871 is $989,000 with the market action index hovering around 43. This is an increase over last month's market action index of 39. Inventory has held steady at or around 29.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
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
| Median List Price | $989,000 | |
| Per Square Foot | $406 | |
| Days on Market | 84 | |
| Price Decreased | 17% | |
| Price Increased | 0% | |
| Relisted | 3% | |
| Inventory | 29 | |
| Median Rent | $2,750 | |
| Most Expensive | $7,975,000 | |
| Least Expensive | $289,900 | |
| Market Action | 43 | |
| Slight Seller's Advantage | ||
In the last few weeks we’ve seen prices in this zip code bouncing 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 |
|---|---|---|---|---|---|---|---|---|
| $3,495,000 | 5,056 | 2.5 - 5 acres | 5 | 6 | 42 | 0 | 1 | 231 |
| $1,650,000 | 3,516 | 0.5 - 1 acre | 4 | 4 | 17 | 0 | 1 | 98 |
| $649,000 | 1,791 | 0.25 - 0.5 acre | 3 | 2 | 61 | 2 | 2 | 21 |
| $364,000 | 1,179 | 0.25 - 0.5 acre | 3 | 1 | 71 | 0 | 2 | 45 |