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 Jul 01 2022
This week the median list price for Middletown, RI 02842 is $1,147,000 with the market action index hovering around 68. This is less than last month's market action index of 71. Inventory has increased to 12. 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

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Middletown, RI 02842

Fri Jul 01 2022
This week the median list price for Middletown, RI 02842 is $1,147,000 with the market action index hovering around 68. This is less than last month's market action index of 71. Inventory has increased to 12. 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

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Middletown market.
Median List Price $1,147,000
Median Price of New Listings $1,400,000
Per Square Foot $597
Average Days on Market 25
Median Days on Market 14
Price Decreased 25%
Price Increased 0%
Relisted 8%
Inventory 12
Median Rent
Market Action 68
Strong Seller's Market

Despite this week’s down tic, price trends in this zip code have been moving up in the last few weeks. We are below the market’s high point, and we’ll investigate the Market Action Index later on to see if we expect this week’s blip to become a downward trend.

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
$4,500,000 7,763 1 - 2.5 acres 5 5 96 1 0 42
$1,400,000 2,116 1 - 2.5 acres 3 2.5 41 2 0 0
$1,000,000 3,012 0.25 - 0.5 acre 4 3.5 47 1 0 21
$789,900 1,065 4,500 - 6,500 sqft 2 2 72 1 2 7