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

Wed Nov 13 2019
This week the median list price for Middletown, RI 02842 is $554,450 with the market action index hovering around 38. This is an increase over last month's market action index of 37. Inventory has held steady at or around 48. 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.

Slight Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Middletown, RI 02842

Wed Nov 13 2019
This week the median list price for Middletown, RI 02842 is $554,450 with the market action index hovering around 38. This is an increase over last month's market action index of 37. Inventory has held steady at or around 48. 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.

Slight Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Middletown market.
Median List Price $554,450
Per Square Foot $322
Days on Market 149
Price Decreased 44%
Price Increased 0%
Relisted 6%
Inventory 48
Median House Rent
Most Expensive $14,600,000
Least Expensive $45,900
Market Action Index
Slight Seller's Advantage
38

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, 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
$2,722,500 3,925 1 - 2.5 acres 4 3 41 0 1 338
$664,500 2,390 0.5 - 1 acre 4 2 35 2 1 65
$424,450 1,393 0.25 - 0.5 acre 3 2 59 2 1 60
$324,000 1,074 8,000 - 10,000 sqft 3 1 66 0 2 132