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 Mar 28 2023
This week the median list price for Portsmouth, RI 02871 is $1,795,000 with the market action index hovering around 46. This is an increase over last month's market action index of 42. Inventory has held steady at or around 20. 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

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

Tue Mar 28 2023
This week the median list price for Portsmouth, RI 02871 is $1,795,000 with the market action index hovering around 46. This is an increase over last month's market action index of 42. Inventory has held steady at or around 20. 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

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 $1,795,000
Median Price of New Listings $849,900
Per Square Foot $495
Average Days on Market 119
Median Days on Market 91
Price Decreased 25%
Price Increased 0%
Relisted 10%
Inventory 20
Median Rent
Market Action 46
Strong Seller's Market

Price trends in this zip code continued their recent uptrend this week. While still below the market's high point, we've seen a nice run recently.

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
$4,900,000 9,315 1 - 2.5 acres 5 6.5 16 1 1 63
$2,500,000 3,543 1 - 2.5 acres 4 3.5 1 0 0 119
$1,695,000 2,695 1 - 2.5 acres 3 5 4 1 1 119
$525,000 1,568 4,500 - 6,500 sqft 3 2 35 1 1 7