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

Sat Jul 31 2021
This week the median list price for Middletown, RI 02842 is $749,900 with the market action index hovering around 80. This is an increase over last month's market action index of 75. Inventory has decreased to 11. 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 has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Middletown, RI 02842

Sat Jul 31 2021
This week the median list price for Middletown, RI 02842 is $749,900 with the market action index hovering around 80. This is an increase over last month's market action index of 75. Inventory has decreased to 11. 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 has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Middletown market.
Median List Price $749,900
Median Price of New Listings $949,000
Per Square Foot $367
Average Days on Market 24
Median Days on Market 21
Price Decreased 18%
Price Increased 0%
Relisted 9%
Inventory 11
Median Rent $2,800
Market Action 80
Strong Seller's Market

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 3,334 0.5 - 1 acre 4 4 46 0 1 49
$949,000 2,575 0.25 - 0.5 acre 4 2 33 2 1 0
$649,900 1,767 0.5 - 1 acre 3 3 56 0 1 21
$399,999 1,012 0.25 - 0.5 acre 3 1 57 1 2 21