This Week's Real Estate Market Report

Middletown, RI 02842

Single-Family Homes

The Hogan Associates Real Estate Team | 401-924-1774 | info@hoganassociatesre.com



Middletown, RI 02842

Tue May 21 2019
This week the median list price for Middletown, RI 02842 is $538,950 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 46. Click here to stay informed with the Middletown market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

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

Tue May 21 2019
This week the median list price for Middletown, RI 02842 is $538,950 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 46. Click here to stay informed with the Middletown market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

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 $538,950
Per Square Foot $298
Days on Market 144
Price Decreased 30%
Price Increased 0%
Relisted 15%
Inventory 46
Median House Rent $2,075
Most Expensive $16,000,000
Least Expensive $110,000
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
$2,950,000 4,787 1 - 2.5 acres 4 4 20 1 0 309
$749,000 2,553 0.5 - 1 acre 4 3 30 1 1 86
$479,000 1,813 0.25 - 0.5 acre 3 2 30 2 0 74
$357,000 1,325 6,500 - 8,000 sqft 3 1 66 0 0 116