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 Oct 21 2024
This week the median list price for Middletown, RI 02842 is $1,580,000 with the market action index hovering around 44. This is an increase over last month's market action index of 42. Inventory has decreased to 15. 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

Market Narrative

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to have been falling a bit recently. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Middletown, RI 02842

Mon Oct 21 2024
This week the median list price for Middletown, RI 02842 is $1,580,000 with the market action index hovering around 44. This is an increase over last month's market action index of 42. Inventory has decreased to 15. 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

Market Narrative

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to have been falling a bit recently. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Middletown market.
Median List Price $1,580,000
Median Price of New Listings $3,102,500
Per Square Foot $480
Average Days on Market 87
Median Days on Market 98
Price Decreased 53%
Price Increased 0%
Relisted 20%
Inventory 15
Median Rent
Market Action 44
Slight Seller's Advantage

This week prices in this zip code bumped up a bit but the trend of recent weeks is generally downward. A pickup in demand will be reflected in the Market Action Index, so watch that chart to try to identify a trough in the market.

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
$5,400,000 6,988 1 - 2.5 acres 6 7 8 1 0 140
$2,422,500 3,938 0.25 - 0.5 acre 6 4 115 0 0 73
$927,000 2,444 0.25 - 0.5 acre 4 3 86 0 0 80
$766,500 1,752 8,000 - 10,000 sqft 3 2 55 1 2 66