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

Mon Jul 22 2019
This week the median list price for Middletown, RI 02842 is $599,000 with the market action index hovering around 37. This is less than last month's market action index of 40. Inventory has held steady at or around 45. Click here to stay informed with the Middletown market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Middletown, RI 02842

Mon Jul 22 2019
This week the median list price for Middletown, RI 02842 is $599,000 with the market action index hovering around 37. This is less than last month's market action index of 40. Inventory has held steady at or around 45. Click here to stay informed with the Middletown market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Middletown market.
Median List Price $599,000
Per Square Foot $317
Days on Market 146
Price Decreased 38%
Price Increased 0%
Relisted 16%
Inventory 45
Median House Rent
Most Expensive $16,000,000
Least Expensive $59,000
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
$2,950,000 3,860 1 - 2.5 acres 4 4 27 0 2 236
$995,000 3,367 1 - 2.5 acres 4 3 16 1 0 197
$485,000 1,630 0.25 - 0.5 acre 3 2 35 1 1 83
$338,000 1,110 4,500 - 6,500 sqft 3 1 72 1 2 74