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.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$595,250|
|Per Square Foot||$296|
|Days on Market||161|
|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.
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|