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

Wed Nov 13 2019
This week the median list price for Portsmouth, RI 02871 is $599,000 with the market action index hovering around 33. This is an increase over last month's market action index of 30. Inventory has held steady at or around 77. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Portsmouth, RI 02871

Wed Nov 13 2019
This week the median list price for Portsmouth, RI 02871 is $599,000 with the market action index hovering around 33. This is an increase over last month's market action index of 30. Inventory has held steady at or around 77. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Portsmouth market.
Median List Price $599,000
Per Square Foot $282
Days on Market 171
Price Decreased 40%
Price Increased 4%
Relisted 16%
Inventory 77
Median House Rent $2,450
Most Expensive $5,995,000
Least Expensive $179,900
Market Action Index
Slight Seller's Advantage
33

Prices in this zip code seem to have settled around a 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
$1,400,000 3,799 1 - 2.5 acres 4 3 16 0 2 358
$655,000 2,440 0.5 - 1 acre 3 2 34 1 1 133
$499,900 1,932 0.5 - 1 acre 3 2 48 3 5 135
$324,950 1,224 8,000 - 10,000 sqft 3 1 61 5 5 62