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

Sun Jan 29 2023
This week the median list price for Middletown, RI 02842 is $1,100,000 with the market action index hovering around 46. This is less than last month's market action index of 48. Inventory has increased 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.

Strong Seller's Market

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. 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

Sun Jan 29 2023
This week the median list price for Middletown, RI 02842 is $1,100,000 with the market action index hovering around 46. This is less than last month's market action index of 48. Inventory has increased 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.

Strong Seller's Market

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. 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 $1,100,000
Median Price of New Listings $4,600,000
Per Square Foot $377
Average Days on Market 73
Median Days on Market 56
Price Decreased 40%
Price Increased 7%
Relisted 20%
Inventory 15
Median Rent
Market Action 46
Strong Seller's Market

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
$6,250,000 9,390 0.5 - 1 acre 6 5.5 108 1 0 91
$2,072,500 3,599 0.25 - 0.5 acre 4 3.3 26 1 0 56
$939,500 2,799 0.25 - 0.5 acre 4 2.8 30 0 0 59
$742,450 2,296 0.25 - 0.5 acre 3 2.5 37 0 1 49