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

Mon Dec 11 2023
This week the median list price for Middletown, RI 02842 is $1,574,500 with the market action index hovering around 42. This is less than last month's market action index of 45. Inventory has decreased to 12. 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

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Middletown, RI 02842

Mon Dec 11 2023
This week the median list price for Middletown, RI 02842 is $1,574,500 with the market action index hovering around 42. This is less than last month's market action index of 45. Inventory has decreased to 12. 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

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Middletown market.
Median List Price $1,574,500
Median Price of New Listings $680,000
Per Square Foot $502
Average Days on Market 79
Median Days on Market 67
Price Decreased 50%
Price Increased 0%
Relisted 42%
Inventory 12
Median Rent
Market Action 42
Slight Seller's Advantage

The market for this zip code continues its bounce again this week. We’re a long way from the market’s high point so watch the Market Action Index to predict how long this trend will last.

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
$3,725,000 4,885 0.5 - 1 acre 5 5.5 0 0 1 70
$1,975,000 3,976 1 - 2.5 acres 4 4.5 19 0 0 63
$1,295,000 2,563 0.25 - 0.5 acre 4 3 83 0 2 49
$749,900 2,184 0.5 - 1 acre 4 2.5 55 1 3 77