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

Fri Jun 21 2024
This week the median list price for Middletown, RI 02842 is $1,150,000 with the market action index hovering around 45. This is about the same as last month's market action index of 45. Inventory has decreased to 18. Click here to stay informed with the Middletown market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Middletown, RI 02842

Fri Jun 21 2024
This week the median list price for Middletown, RI 02842 is $1,150,000 with the market action index hovering around 45. This is about the same as last month's market action index of 45. Inventory has decreased to 18. Click here to stay informed with the Middletown market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Real-Time Market Profile

Never miss important changes in the Middletown market.
Median List Price $1,150,000
Median Price of New Listings $649,000
Per Square Foot $585
Average Days on Market 37
Median Days on Market 25
Price Decreased 33%
Price Increased 6%
Relisted 11%
Inventory 18
Median Rent
Market Action 45
Strong Seller's Market

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$4,990,000 5,937 0.5 - 1 acre 4 5 9 0 0 24
$1,997,500 4,635 0.5 - 1 acre 5 3.5 14 1 1 31
$974,000 1,526 0.25 - 0.5 acre 3 2 71 1 1 35
$579,000 1,639 8,000 - 10,000 sqft 3 1.5 64 3 4 0