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

Sat Nov 27 2021
This week the median list price for Portsmouth, RI 02871 is $729,000 with the market action index hovering around 42. This is an increase over last month's market action index of 41. Inventory has decreased to 41. 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

Sat Nov 27 2021
This week the median list price for Portsmouth, RI 02871 is $729,000 with the market action index hovering around 42. This is an increase over last month's market action index of 41. Inventory has decreased to 41. 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 $729,000
Median Price of New Listings $649,900
Per Square Foot $394
Average Days on Market 75
Median Days on Market 63
Price Decreased 32%
Price Increased 2%
Relisted 12%
Inventory 41
Median Rent $3,500
Market Action 42
Slight Seller's Advantage

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
$1,899,500 3,900 0.25 - 0.5 acre 4 4 20 1 0 84
$917,000 2,746 0.25 - 0.5 acre 3 2.8 66 0 1 38
$680,000 2,089 8,000 - 10,000 sqft 3 2.5 27 2 3 49
$365,000 1,128 0.25 - 0.5 acre 3 1 68 2 3 35