This Week's Real Estate Market Report
Middletown, RI 02842
Single-Family Homes
The Hogan Associates Real Estate Team | 401-845-9500 | info@hoganassociatesre.com
Middletown, RI 02842
Sat Jul 11 2020
This week the median list price for Middletown, RI 02842 is $595,250 with the market action index hovering around 35. This is an increase over last month's market action index of 32. Inventory has held steady at or around 34.
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 settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.
Real-Time Market Profile
| Median List Price | $595,250 | |
| Per Square Foot | $296 | |
| Days on Market | 161 | |
| Price Decreased | 29% | |
| Price Increased | 0% | |
| Relisted | 15% | |
| Inventory | 34 | |
| Median Rent | $2,325 | |
| Most Expensive | $3,700,000 | |
| Least Expensive | $285,000 | |
| Market Action | 35 | |
| Slight Seller's Advantage | ||
We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move 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 |
|---|---|---|---|---|---|---|---|---|
| $2,495,000 | 5,081 | 1 - 2.5 acres | 4 | 4 | 43 | 0 | 0 | 370 |
| $639,000 | 2,654 | 0.5 - 1 acre | 4 | 2 | 44 | 2 | 1 | 71 |
| $500,000 | 1,767 | 0.25 - 0.5 acre | 4 | 2 | 47 | 4 | 2 | 62 |
| $409,000 | 1,722 | 4,500 - 6,500 sqft | 3 | 1 | 70 | 0 | 1 | 153 |