Condo Market Newport

Portsmouth, RI 02871

Single-Family Homes

The Hogan Associates Real Estate Team | 401-924-1774 | info@hoganassociatesre.com



Portsmouth, RI 02871

Tue Mar 26 2019
This week the median list price for Portsmouth, RI 02871 is $530,000 with the market action index hovering around 32. This is an increase over last month's market action index of 29. Inventory has held steady at or around 71. Click here to stay informed with the Portsmouth market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

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.

Portsmouth, RI 02871

Tue Mar 26 2019
This week the median list price for Portsmouth, RI 02871 is $530,000 with the market action index hovering around 32. This is an increase over last month's market action index of 29. Inventory has held steady at or around 71. Click here to stay informed with the Portsmouth market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

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

Never miss important changes in the Portsmouth market.
Median List Price $530,000
Per Square Foot $305
Days on Market 149
Price Decreased 21%
Price Increased 3%
Relisted 13%
Inventory 71
Median House Rent $1,700
Most Expensive $5,995,000
Least Expensive $69,000
Market Action Index
Slight Seller's Advantage
32

We continue to see prices in this zip code at a plateau even though prices dipped this week. Look for a persistent change in the Market Action Index (up or down) before we see prices significantly 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
$1,500,000 3,799 1 - 2.5 acres 4 4 13 0 1 265
$687,450 2,755 0.5 - 1 acre 4 3 30 2 5 168
$480,000 1,937 0.5 - 1 acre 3 2 49 0 1 87
$334,500 1,221 6,500 - 8,000 sqft 3 1 55 1 4 82