This Week's Real Estate Market Report
Middletown, RI 02842
Single-Family Homes
The Hogan Associates Real Estate Team | 401-924-1774 | info@hoganassociatesre.com
Middletown, RI 02842
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 so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
Real-Time Market Profile
| Median List Price | $559,000 | |
| Per Square Foot | $301 | |
| Days on Market | 136 | |
| Price Decreased | 36% | |
| Price Increased | 0% | |
| Relisted | 11% | |
| Inventory | 47 | |
| Median House Rent | $2,200 | |
| Most Expensive | $16,000,000 | |
| Least Expensive | $95,000 | |
| Market Action Index Slight Seller's Advantage | 37 |
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 |
|---|---|---|---|---|---|---|---|---|
| $2,995,000 | 4,482 | 1 - 2.5 acres | 4 | 4 | 27 | 0 | 0 | 346 |
| $857,450 | 2,340 | 0.25 - 0.5 acre | 4 | 3 | 51 | 1 | 2 | 75 |
| $507,000 | 1,831 | 8,000 - 10,000 sqft | 3 | 2 | 50 | 2 | 2 | 35 |
| $334,450 | 1,138 | 0.25 - 0.5 acre | 3 | 1 | 73 | 2 | 2 | 104 |