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 19 2024
This week the median list price for Portsmouth, RI 02871 is $1,512,000 with the market action index hovering around 57. This is less than last month's market action index of 58. Inventory has increased to 14. 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 has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Portsmouth, RI 02871

Tue Mar 19 2024
This week the median list price for Portsmouth, RI 02871 is $1,512,000 with the market action index hovering around 57. This is less than last month's market action index of 58. Inventory has increased to 14. 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 has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Real-Time Market Profile

Never miss important changes in the Portsmouth market.
Median List Price $1,512,000
Median Price of New Listings $1,332,000
Per Square Foot $397
Average Days on Market 138
Median Days on Market 126
Price Decreased 50%
Price Increased 7%
Relisted 36%
Inventory 14
Median Rent
Market Action 57
Strong Seller's Market

The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.

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
$3,500,000 10,556 1 - 2.5 acres 5 6 24 0 1 280
$1,600,000 3,860 0.5 - 1 acre 4 5.5 11 1 0 126
$1,497,000 3,917 0.5 - 1 acre 4 3.3 28 1 0 73
$564,500 1,359 6,500 - 8,000 sqft 2 1 80 0 1 101