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 26 2024
This week the median list price for Middletown, RI 02842 is $1,312,500 with the market action index hovering around 47. This is about the same as last month's market action index of 47. Inventory has increased to 24.
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 Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.
Real-Time Market Profile
| Median List Price | $1,312,500 | |
| Median Price of New Listings | $759,500 | |
| Per Square Foot | $543 | |
| Average Days on Market | 33 | |
| Median Days on Market | 25 | |
| Price Decreased | 29% | |
| Price Increased | 4% | |
| Relisted | 17% | |
| Inventory | 24 | |
| Median Rent | ||
| Market Action | 47 | |
| Strong Seller's Market | ||
Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.
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 |
|---|---|---|---|---|---|---|---|---|
| $4,697,500 | 6,424 | 0.5 - 1 acre | 4 | 4.8 | 9 | 0 | 0 | 52 |
| $1,687,000 | 3,063 | 1 - 2.5 acres | 4 | 3.5 | 94 | 0 | 0 | 21 |
| $1,125,000 | 1,628 | 0.25 - 0.5 acre | 3 | 2 | 85 | 1 | 0 | 42 |
| $712,500 | 1,631 | 8,000 - 10,000 sqft | 3 | 2.3 | 54 | 3 | 2 | 3 |