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

Thu Apr 02 2020
This week the median list price for Portsmouth, RI 02871 is $624,000 with the market action index hovering around 34. This is less than last month's market action index of 35. Inventory has held steady at or around 69. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have recently resumed upward pressure.

Portsmouth, RI 02871

Thu Apr 02 2020
This week the median list price for Portsmouth, RI 02871 is $624,000 with the market action index hovering around 34. This is less than last month's market action index of 35. Inventory has held steady at or around 69. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have recently resumed upward pressure.

Real-Time Market Profile

Never miss important changes in the Portsmouth market.
Median List Price $624,000
Per Square Foot $305
Days on Market 145
Price Decreased 25%
Price Increased 6%
Relisted 16%
Inventory 69
Median Rent $3,000
Most Expensive $3,795,000
Least Expensive $144,923
Market Action 34
Slight Seller's Advantage

Price trends in this zip code continued their recent uptrend this week. While still below the market’s high point, we may be seeing the start of a good price stretch here. We’ll look at the Market Action Index later in the report to gauge the leading indicators.

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
$1,499,000 3,570 0.5 - 1 acre 4 3 17 0 0 230
$744,500 2,600 0.5 - 1 acre 4 2 17 0 3 104
$510,000 2,130 0.5 - 1 acre 3 2 42 2 0 103
$359,500 1,349 0.25 - 0.5 acre 3 1 65 2 1 143